TODAY.AZ / Business

SOCAR will increase oil export through Baku-Novorossiysk pipeline

11 August 2006 [08:30] - TODAY.AZ
SOCAR intends to increase oil exportation through Baku-Novorossiysk pipeline.

As APA reports, it plans to export 230 000 tonnes of oil through the north route in August.

Instead, Azerbaijan International Operating Company (AIOC) plans to decrease the oil exportation through Baku-Novorossiysk pipeline to 170 000 tonnes.

As a result, it is intended to deliver 400 000 tonnes of oil to the world market.

AIOC and SOCAR exported 2 008 224 tonnes and 346 760 tonnes of oil respectively through Baku-Novorossiysk during the first half of the year (totally 2 354 984 tonnes).

Experts say that during this period SOCAR decreased oil export (to 60 000 tones a month) through this route because AIOC overloaded the pipeline.

URL: http://www.today.az/news/business/28882.html

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