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SOCAR and Transneft agree on oil pumping this year

SOCAR and Transneft agreed on the volume of oil transportation in 2018.

SOCAR and Transneft agree on oil pumping this year


Azerbaijani state oil company SOCAR and Russian Transneft agreed on the volume of oil transportation via the Baku–Novorossiysk pipeline in 2018, Azernews reported on January 9, 2018.

SOCAR reported that the company plans to export about 1.5 million tons of oil through the Russian direction in 2018, that is, at the previous year's levels.

«The request has been agreed with the Russian side, and it is planned to pump about 1.5 million tons in 2018, but the final figure may be either higher or lower than planned,» said the message.

The Baku–Novorossiysk pipeline (also known as the Northern Route Export Pipeline and Northern Early Oil Pipeline) is an 1,330-kilometre long oil pipeline, which runs from the Sangachal Terminal near Baku to the Novorossiysk terminal at the Black Sea coast in Russia.

SOCAR is the operator of Azerbaijani part of the pipeline which is 231 km long.

Filling the pipeline with oil started in October of 1996. Maximum throughput capacity of the pipeline is 105,000 barrels a day.

Source : Neftegaz.RU


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