SOCAR plans to export more oil through Russia in 2010

The State Oil Company of Azerbaijan (SOCAR) has a possibility to satisfy Russia’s inquiry for increase of Azeri oil export via Baku-Novorossiysk pipeline.

SOCAR President Rovnag Abdullayev says that in 2010 it is planned to export up to 2.5 million tons of oil via Baku-Novorossiysk pipeline.

“We have no possibility for larger volume of supplies. Out of overall production we will direct 6.2 million tons of oil for refining and export the remaining via Baku-Novorossiysk. We will be able to meet Russia’s inquiry only on the condition of oil production increase by our Company,” Abdullayev noted.


/Abc.az/