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SOCAR to export 1.3 mln tons oil via Baku-Novorossiysk in 2018 - UPDATED
- 12 October, 2017
- 10:43
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Baku. 12 October. REPORT.AZ/ The State Oil Company of Azerbaijan Republic (SOCAR) plans to export 1.3 mln tons of oil via Baku-Novorossiysk pipeline next year.
Report informs, Adnan Ahmadzade, Chairman of SOCAR Marketing and Economic Operations Department said.
"SOCAR does not plan to halt exploitation of Baku-Novorossiysk pipeline in the future. 1.3 million tons of Azerbaijani oil is planned to be transported through this pipeline in 2018", he said.
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According to SOCAR official, for several years already, negotiations underway with the Russian side on possibility of reversible oil transportation via Baku-Novorossiysk pipeline: "The current economic situation does not allow this yet, but we continue similar talks".
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