Baku-Makhachkala-Novorossiysk

Application of Azerbaijan for pumping oil through the Baku-Novorossiysk pipeline in 2016 was only 1.4 million tons.

Application of SOCAR for pumping oil through the main oil pipeline Baku-Novorossiysk in 2016 was 1.4 million tons, the presidential adviser of Transneft I.Demin sadly stated on October 30, 2015.
In 2015 pumping of Azeri oil through the main oil pipeline Baku - Novorossiysk is expected in the amount of 1.44 million tons, which corresponds to the level of 2015.

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In August, SOCAR reduced oil export

The Marketing & Economic Operations Department of SOCAR has announced that in August the Azeri oil export fell by 16.4% as compared with July 2015.
According to SOCAR, in August 1211.122 thousand tons were exported as compared to 1448.753 tons in July, 2264.719 thousand tons in June (the best rate per month this year), 1691.950 thousand tons in May and 2121.482 thousand tons in January.

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SOCAR increased oil shipment by 37% from Novorossiysk in Jan-August

​In Jan-August 2015 from the port of Novorossiysk SOCAR shipped 930.671 thousand tons of oil exported by the Baku-Novorossiysk oil pipeline, this is by 37.3% more than in Jan-August 2014.
In August 2015 SOCAR shipped 84.913 thousand tons of oil from the port of Novorossiysk.
In August Brent oil was sold on average at $46.65/barrels in the world markets, Urals - $46.1/barrel, BTC FOB Ceyhan – $48.17/barrel.
SOCAR and Transneft extended until the end of 2015 the agreement on the pumping of the Azeri oil by the Baku-Novorossiysk pipeline.
In 2014 SOCAR shipped 932.155 thousand tons of oil from the port of Novorossiysk.

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Azerbaijan has renewed oil export by Baku-Novorossiysk route

​Oil pumping by the Baku-Novorossiysk pipeline recovers on July 22nd, is reported referring to the President of SOCAR, R. Abdullaev.
In June SOCAR shut down oil export by the Baku-Novorossiysk pipeline. According to Mr. Abdullaev, the shutdown of oil supply by this pipeline was connected with the repair of oil refinery plants.
The accumulated oil was loaded into the BTC pipeline. Now all pipelines are in working mode. We can export oil by any route, he said.
In H1 SOCAR exported 678.05 thousand tons of oil by Baku-Novorossiysk, by 33.4% more than in H1 2014 (508.22 thousand tons).

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Azerbaijan reduces the physical oil exports by 4.7%.

Within January-June 2015 the share of crude oil in the overall export of Azerbaijan amounted to 76.7% versus 84.32% for the whole 2014, 84.44% in 2013, 84.6% in 2012, 86.62% in 2011 and 86.53% in 2010. In 2009 the share of oil exports amounted to 81.57%.
As the State Customs Committee of Azerbaijan informs, in January-June 2015 the exports of oil (according to instrumentation) was 16,634,793.06 tons, which was 2.3% less than the export in January-June 2014 (17,028,561.4 tons). In January 2015 the export amounted to 2,861,963.9 tons, in February - 2,642,546.7 tons, in March - 2,912,857.84 tons. In April the exports amounted to 2,707,180.28 tons, in May - 2,744,516.14 tons, in June - 2,765,728.2 tons.

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Pipeline scandal in Georgia: Azerbaijan is right as usual

​The scandal with the Baku-Supsa oil pipeline is explained in different ways, political and economic reasons. This is primarily the confirmation of a long-term energy strategy of Azerbaijan as the situation with the oil pipeline is settled by the ideas being present in the energy strategy of Azerbaijan decades ago.
The scandal with the “movement of borders” of the breakaway regions in Georgia has political grounds. Tbilisi gets the maximum dividends from these actions which show the fact of occupation of its territories by the movement of borders and problems with large international oil transportation project. This is the reason of absence of any military actions from the part of Georgia.
Despite of this situation the issue of oil export by this pipeline is not crucial for Azerbaijan. Why?

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MMK considers Azerbaijan as a promising market.

Today the 22nd International Exhibition "Caspian Oil and Gas-2015", which takes part in the Magnitogorsk Metallurgical Plant, started its work in Baku.
The widest range of products and plant businesses, the Group OJSC "MMK", is traditionally on the stand of the largest enterprise of metallurgical industry of Russia. The main focus is on products for the oil and gas sector, actively developing in the region: proven oil reserves in the Caspian shelf are estimated at over 10 billion tons.

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SOCAR increased oil export from Novorossiysk by 60%

​SOCAR in Jan-May 2015 shipped 678.046 thousand tons of oil exported by the Baku-Novorossiysk oil pipeline from the port of Novorossiysk. This is by 60% more than in Jan-May 2014.
In May 2015 SOCAR shipped 169.559 thousand tons of oil from the port of Novorossiysk.
According to SOCAR, in May Brent oil was sold in the world market on average at $64.32/barrel, Urals- $64.32/barrel, BTC FOB Ceyhan - $65.16/barrel.
SOCAR and Transneft extended the agreement on Azeri oil pumping by the Baku- Novorossiysk pipeline until the end of 2015.
In 2014 SOCAR shipped 932.155 thousand tons of oil from the port of Novorossiysk.
From 1997 Azerbaijan has been transporting its oil by the Baku- Novorossiysk pipeline.

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Azerbaijan increased itsl exports of oil by 6.2% in Jan-April

​The stake of crude oil in the total volume of export of Azerbaijan in Jan-April 2015 made up 76.7% against 84.32% for the entire 2014, 84.44% in 2013, 84.6% in 2012, 86.62% in 2011 and 86.53% in 2010, 81.57% in 2009.
The State Customs Statistics Committee of Azerbaijan reports that in Jan-April 2015 the export of oil made up 11,124,548.72 tons, by 1.4% less than in Jan-April 2014 (11,281,350.7 tons). In Jan 2015 the export made up 2,861,963.9  tons, February – 2,642,546.7  tons, March -  2,912,857.84 tons, April – 2,707,180.28  tons.
Officially 7,932,937.76  tons for $ 3,275,414.47 were declared, that means the reduction of revenue by 46.73% a year on the background of the growth of physical export by 29.01%.
In Jan the export of oil made up 2,356,153.24 tons for $1,065,396.08 thousand, in February – 2,105,477.99 tons for $760,586.2 thousand, in March – 1,931,606.17 tons for $803,808.55 thousand, in April – 1,539,700.36 tons for $645,623.64 thousand.

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SOCAR invests in the future

Despite the decline in oil prices, which began in the middle of last year and had a negative impact on many of the fuel and energy companies, the revenues of SOCAR didn’t reduce in 2014, but even increased, reached 40 billion manats.
 
Along with income, of course, the SOCAR’s costs increased, which includes three industrial associations, one refinery and one gas processing company, oil fleet, deep water offshore platform plant, two trusts, one institution, and 22 structures.
 
Today SOCAR is not only oil, but also gas and chemical industries. That is, speaking about the income or expenses of the oil company, you mean the consolidated income and expenditure of the whole group SOCAR, and in the present circumstances, not every unit continuously generates income, and expenses remain constant.

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