TODAY.AZ / Business

Oil pumping via Baku-Novorossiysk pipeline continues

10 April 2018 [16:45] - TODAY.AZ

By  Trend

Azerbaijan continues oil pumping via the Baku-Novorossiysk pipeline, a source in the country's oil and gas market told Trend on April 10.

“Oil pumping through the Baku-Novorossiysk pipeline continues normally. There could have been a short-term suspension,” the source said.

Earlier, Reuters reported with reference to the Russian company Transneft that oil pumping from Azerbaijan via the Baku-Novorossiysk pipeline was suspended.

SOCAR delivers the oil produced at its own fields as well as the oil from joint ventures and operation companies working at Azerbaijan’s onshore fields to Novorossiysk.

The oil is delivered to the port via the Baku-Novorossiysk pipeline operated by SOCAR.

SOCAR exported 1.5 million tons of oil via the Baku-Novorossiysk pipeline in 2017, compared to 1.3 million tons in 2016.


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