SOCAR reveals Baku-Novorossiysk oil pumping plans

Azerbaijan’s state oil company SOCAR will pump about 170,000 tons of oil via Baku-Novorossiysk oil pipeline in August 2016, a source in SOCAR told Trend July 29.

SOCAR will pump around 420,000 tons of oil via the Baku-Novorossiysk oil pipeline in the third quarter of 2016.

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.

By Trend/