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.
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.
Application of Azerbaijan for pumping oil through the Baku-Novorossiysk pipeline in 2016 was only 1.4 million tons.Edited by Rhod Mackenzie / 2015-11-02 05:22:00
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.
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.
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).
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.