Baku, Azerbaijan, Nov. 4
By Maksim Tsurkov – Trend:
Azerbaijan’s state oil company SOCAR will pump about 160,000 tons of oil via the Baku-Novorossiysk pipeline in November 2016, a source in SOCAR told Trend Nov. 4.
“According to the work schedule, 160,000 tons of oil will be pumped via the Baku-Novorossiysk pipeline in November,” said the source. “All volumes of SOCAR’s oil are planned to be exported through Russia until the end of 2016.”
SOCAR will pump 400,000 tons of oil via the Baku-Novorossiysk pipeline in the 4Q2016, according to plans.
The company transported 1.27 million tons of oil via Baku-Novorossiysk pipeline in 2015, as compared to 932,160 tons in 2014.
The Baku-Novorossiysk pipeline is 1,147 kilometers long. The length of its Azerbaijani section is 231 kilometers and Russian section - 916 kilometers.
The pipeline was filled with oil in October 1996, according to SOCAR. Its highest capacity stands at 105,000 barrels a day.
A new agreement between SOCAR and Russia’s Transneft company, according to which SOCAR will transport 1.3 million tons of oil produced by it at onshore and offshore fields via Baku-Novorossiysk pipeline in 2016, was signed in February 2016.
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