Azerbaijani oil export declined by 4.5 %

Azerbaijani oil export declined by 4.5 % Azerbaijan exported 5 million 374 thousand 87 tons oil through the Baku-Tbilisi-Ceyhan pipeline in the first four months of 2017. Meanwhile, 878 thousand 664 tons oil exported through Supsa and 489 thousand 206 tons by Novorossiyski. It means that Azerbaijan exported 6 million 741 thousand 959 tons oil in the indicated period. According to the SOCAR’s report, Azerbaijan exported 5 million 741 thousand 694... Read More

Azerbaijan Economy in 2016; Brief Overview

Azerbaijan Economy in of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.8 % in 2016 since CESD calculations found out 4.4 % decline in the economy. According to the State Statistic Committee reports, the... Read More

Azerbaijani oil export declined by 7 %

Azerbaijani oil export declined by 7 % Azerbaijani oil export decreased by 6.86% in June 2016 compared with previous month. According to the State Oil Company of Azerbaijan Republic (SOCAR) reports total export was 1.676 million tons of oil in June against 1.799 million tons in May. Meanwhile, Azerbaijani oil export was 1.449 million tons in April, and 1.9 million tons in March 2016. At that, June’s oil export via Baku-Novorossiysk oil pipeline... Read More

Azerbaijani Oil Export in Decline

Azerbaijani Oil Export in Decline Azerbaijan State Oil Company (SOCAR) reported that a total of 24,357,746 tons of Azerbaijani crude oil was exported to world markets through the Baku-Tbilisi- Ceyhan (BTC) port in the first ten months of 2013. The export was 2,414,780 tons in October, 2013. Azerbaijani oil export through BTC in the first ten months of 2013 declined by 1,0 % compared to the same period of 2012. More than 24,594 million tons oil was... Read More

Trend of Decline in Azeri Oil Export

Trend of Decline in Azeri Oil Export CESD Forecasts decline in oil output by 5,0 % in 2013 Azeri oil export declined by 15.3% in January 2013 compared with the previous month according to State Oil Company of Azerbaijan (SOCAR). The company reports that it exported 1.67 million tons in January 2013 (compared to 1.976 million tons in December). Last year’s highest export occurred in July (2.36 million tons). In January 2013, 2,629 tons of oil was... Read More

Oil export via BTC pipeline down by 2.5m tonnes

Oil export via BTC pipeline down by 2.5m tonnes In 2012, the Baku-Tbilisi-Ceyhan pipeline exported 29.671m tonnes of oil.  According to SOCAR, compared with 2011, exports fell by 2.553m tonnes.  In January, exports amounted to 2.7m tonnes, in February -2.45m tonnes, in March – 2.7m tonnes, in April – 2.3m tonnes, in May – 2.801m tonnes, in June – 2.732m tonnes, in July – 2.12m tonnes, in August – 2.367m tonnes,... Read More

SOCAR increases oil exports from Novorossiysk port

SOCAR increases oil exports from Novorossiysk port The Marketing and Economic Transactions Office of the Azerbaijani State Oil Company (SOCAR) in September exported 159,600 tonnes of crude oil from the Novorossiysk port. This figure is 29,955 tonnes or 23% more compared to August, Gun.Az reports, referring to the company’s website. In September, SOCAR exported 322,980 tonnes of crude oil from the Supsa port, while 1,654,929 from the Ceyhan... Read More

BTC transports over 193 million tons of oil

BTC transports over 193 million tons of oil The 2012 capital expenditures for the Baku-Tbilisi-Ceyhan (BTC) is $61,7 million. In the first half of the year, BTC spent $7,1 million in capital expenditures. BTC’s daily throughput capacity is currently 1.2 million b/d. Since the start-up, June 4, 2006 up to date, 1,870 tankers were loaded at Ceyhan with a total of about 193 million tons of crude oil transported via BTC and sent to world markets. The... Read More

SOCAR Oil Export Declined by 7 % in the first quarter of 2012

SOCAR Oil Export Declined by 7 % in the first quarter of 2012 The State Oil Company of Azerbaijan exported 5,2 million tonnes of oil via all routes including Baku-Novorossiysk, BTC and Baku-Supsa pipelines in the first quarter of 2012 which is 7,2  % lower than compare with the same period last year. SOCAR exported 5,6 million tonnes in the first three months of 2011 . Sources at the SOCAR mentioned that Baku-Novorossiysk exported 496,8 thousand... Read More