SOCAR increased oil export by 5.9% in February 2017 against January 2017.
SOCAR and Transneft have agreed the volumes of Azeri oil pumping by the Baku-Novorossiysk pipeline in 2017.
The Azeri state company SOCAR and Russia's "Transneft" had agreed on volume of oil transportation via the Baku-Novorossiysk pipeline in 2017, a source in SOCAR told Trend.
The earthquake in Dagestan with the epicenter 36 km to the west of Makhachkala hasn’t influenced on the operation of the Baku-Novorossiysk pipeline, the official representative of Transneft,
Oil pumping by the Baku-Novorossiysk pipeline has been recovered after checking the pipe after the earthquake in Azerbaijan, a representative of Transneft, I. Demin, said.
The advisor of the head of Transneft, I. Demin, said that oil pumping by the Baku-Novorossiysk pipeline has been shut down due to the earthquake.
The Marketing and Economic Operation Management of SOCAR announced that oil export in May grew by 24.2% against April.
In May 1,799.471 thousand tons of oil were exported against 1,449.150 thousand tons in April and 1,900.428 thousand tons in March 2016.
In April the export by the Baku-Novorossiysk pipeline made up 79.96 thousand tons against 159.599 thousand tons in April, by Baku-Supsa – 264.748 thousand tons against 16.598 thousand tons, by BTC – 1,454.760 thousand tons against 1,112.953 thousand tons.
In January –May 2016 oil export by the Baku-Novorossiysk pipeline made up 319.499 thousand tons, Baku-Supsa-1,040.947 thousand tons, BTC -7,196.455 thousand tons. In February the export of crude oil from Azerbaijan from the Black Sea port of SOCAR in Georgia Kulevi made up 14.946 thousand tons, in March-May crude oil transshipment via it was not held.
In total in January-May 2016, 8,574.84 thousand tons of oil were exported from Azerbaijan.
From March 1st 2016 SOCAR renews oil pumping by the Baku-Novorossiysk pipeline, I. Demin, said.
Russia signed the agreement in December 2015 and has been waiting for SOCAR to sign the agreement.
The framework pumping volume by the agreement makes up 1.3 mln tons, that equals to the pumping volumes of past years.
Transneft pumps Azeri oil on the basis of the commercial agreement as of Feb 18th 2014 with SOCAR. The parties extended the agreement until the end of 2015. The conditions are not released.
In 2015 SOCAR shipped 1.27 mln tons of oil from the port of Novorossiysk, by 36% more than in 2014.
SOCAR and Transneft have signed an agreement on Azeri oil pumping by the Baku-Novorossiysk oil pipeline in 2016, the advisor to the President of Transneft, press-secretary, I. Demin, said.
The pumping will start from March 1st.
It was initially planned to pump about 1.3 mln tons. However, as the pumping will start from March 1st, less oil will be shipped. A monthly volume will be specified.
The agreement is similar to that of past years, he said.
In 2015 SOCAR shipped 1.2 mln tons of oil by the “northern” pipeline. Due to the absence of the agreement with Transneft for 2016, SOCAR in Jan-Feb 2015 didn’t ship raw materials by this route.
In Jan 2016 Azerbaijan exported 2 mln 725 thousand 291.08 thousand tons of oil, by 4.8% less than in Jan 2015, the State Customs Committee reports.
By BTC pipeline 2 mln 288.59 thousand tons (including 212 thousand 294.23 tons of gas condensate from Shakh-Deniz) were pumped, 376.853 thousand tons by Baku-Supsa, transportation was not held by the Baku-Novorossiysk pipeline, by railroad to the ports of Georgia – 59 thousand 848.08 tons.
The volume of declared oil shipped for export in Jan 2016 made up 1 mln 989 thousand 186.83 tons for $547 mln 342.6 thousand.
In Jan 2016 the export of oil products from Azerbaijan made up 159 thousand 646.61 tons for $31 mln 109.25 thousand.