Azerbaijan, Baku, Aug.11 / Trend E.Ismayilov /
At present, the State Oil Company of the Azerbaijani Republic (SOCAR) pumps 10,000 tons of oil per day via the Baku-Novorossiysk pipeline. SOCAR extracts this oil at the fields at own funds, a source on the oil and gas market said on Aug.11.
At present, average oil pumping through the Baku-Novorossiysk pipeline is 10,000 tons per day, the source said.
Oil pumping via the northern oil pipeline is expected to stop on Aug. 12, a source said. The source did not mention about time of suspension as it is still to be specified. Pumping will be ceased for eight hours upon the plan.
Oil pumping, which is scheduled for August, was launched in early August, the source said. The pumping will end on Aug. 27.
According to forecasts, it is planned to transport about 240,000 tons of Azerbaijani oil through the pipeline in August compared to 248,000 tons in July. It is planned to transport 140,000 tons of oil in September, 248,000 tons in October, 240,000 tons in November and 140,000 tons in December.
Transportation of the Azerbaijani oil through Baku-Novorossiysk pipeline will be suspended three times for a total of 24 hours due to the planned technical operations, the source said earlier. According to schedule, the oil pumping through the pipeline will be suspended on Aug.12, 18 and 25 for eight hours per day.
SOCAR pumps own oil through the Novorossiysk port. SOCAR exported more than 1.2 million tons of oil through the Baku-Novorossiysk pipeline in January to June, SOCAR said.
SOCAR intends to increase oil export by 2.5 million tons through Baku - Novorossiysk pipeline in 2009, compared to 1.3 million tons in 2008.
At present, Azerbaijan gets Urals oil in exit [in the port of Novorossiysk] while transporting oil via the Baku - Novorossiysk pipeline due to its getting blended with other producers' oil.
The Azerbaijan International Operating Company, which has transferred its functions to SOCAR, was the operator of the Baku-Novorossiysk pipeline by late 2007.
Do you have any feedback? Contact our journalist at: [email protected]