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02.11.2016 14:02

SOCAR increased oil export by 45.5% in October

The SOCAR Marketing & Economic Operations Department announced that its oil export grew by 45.5% in October versus September.

The SOCAR reports that it exported 2.017 million tons of oil against 1.386 million tons in September, 1.53 million tons in August and 1.924 million tons in July (this years best indicator).

At that, Octobers oil export via Baku-Novorossiysk oil pipeline reached 80,192 tons (versus 169,279 tons in September), Baku-Supsa 267,643 tons (274,705 tons), and Baku-Tbilisi-Ceyhan (BTC) n.a. Heydar Aliyev oil pipeline 1.669 million tons (942,882 tons).

"For Jan-Oct 2016 Azerbaijan exported totally 17.09 million tons of oil via the standard routes, including supplies through Kulevi port 17.106 million tons," SOCAR says.

Over Jan-Oct export of oil via Baku-Novorossiysk pipeline made up 978,240 tons, Baku-Supsa 2.12 million tons, and BTC 13.99 million tons. Also in February it was recorded the export of Azerbaijans crude oil through the Black Sea port of SOCAR in Georgian Kulevi 14,946 tons, but for March-Oct transshipment of crude oil through it was not carried out.

In 2015 the oil export in the line of the MEOD reached 21.996 million tons, including 1.27 million tons to Novorossiysk, 2.79 million tons to Supsa, and 17.9 million to Ceyhan.

For comparison, the Department carried out the best oil export in 2011 27.609 million tons, and in June of 2011 it registered the peak of monthly export 2.57 million tons. In 2011 oil transportation via BakuNovorossiysk totaled 1.988 million tons, via BakuSupsa 2.65 million tons, and BTC 22.969 million tons.

SOCAR notes that the MEOD exports both its own oil and oil falling on the share of the government within PSA contracts.

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