Azerbaijani Oil Income in September 2016

Azerbaijani Oil Income in September 2016 The State Oil Company of Azerbaijan Republic (SOCAR) reports that oil export fell by 9.4% in September 2016 compared with the previous month. The SOCAR reports that it exported 1.386 million tons of oil against 1.53 million tons in August and 1.924 million tons in July (this year’s best indicator). September’s oil export via Baku-Novorossiysk oil pipeline reached 169,279 tons (versus 169,702 tons in August... Read More

OPEC: Oil output in Azerbaijan will fall by 40,000 bpd in 2017

OPEC: Oil output in Azerbaijan will fall by 40,000 bpd in 2017 According to OPEC’s monthly oil market report has recently published, Azerbaijan’s oil supply is anticipated to average 0.85 million barrels per day (bpd), indicating a decline by 10,000 bpd in output in 2016. OPEC also expects decline in oil production in Azerbaijan by 40,000 bpd in 2017 due to a lack of new project start-ups. June 2016 oil output in Azerbaijan declined by 10,000... 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 income declined by about 2.0 times

Azerbaijani oil income declined by 2.0 times The State Customs Committee of Azerbaijan Republic has reported that Azerbaijani oil export was $2.315 billion US for Jan-May 2016 versus $4.035 billion US for the same period in 2015. The official statistics show that Azerbaijan oil export declined by 1.74 times in the first five months of 2016 compared to the same period previous year. Azerbaijan oil export was $429.809 million US on May 2016 against... Read More

Azerbaijani Oil Export Declined by 23.7 % in April 2016

Azerbaijani Oil Export Declined by 23.7 % in April 2016 State Oil Company of Azerbaijan Republic (SOCAR) exported 159 599 tons of crude oil from Novorossiysk port, 176 598 tons from Supsa port, 1 112 953 tons from Ceyhan port in April 2016.Generally, 239 536 tons of crude oil was exported from Novorossiysk port, 776 198 tons from Supsa, 5 741 694 tons from Ceyhan port, 14 946 tons from Kulevi port in January-April 2016. Download Full Report Here  Read More

Azeri Oil Export Declined in the First Quarter of 2013

Azeri Oil Export Declined in the First Quarter of 2013 SOCAR Marketing and Economic Transactions Office exported 4,586 million tonnes of crude oil from the Ceyhan port in the first quarter of 2013. In January, the port exported 1,429, million tonnes, in February-1,743 million tonnes and in March – 1,414 million tonnes  as the SOCAR reported. Meanwhile, SOCAR exported 411,339 tonnes of oil by the Baku-Novorossiysk pipeline in the same period. Compared... Read More

BTC Oil Export Declined 7,0 % in January, 2012

BTC Oil Export Declined 7,0 % in January, 2012 Baku-Tbilisi-Ceyhan (BTC) oil exported 2,7 million tonnes of oil in January, 2012. CESD reported that, oil export dropped of 200,000 tonnes last month compare with January 2011. In total, BTC oil export declined 7,0 % in January, 2012. 32,224,000 tonnes of oil exported through BTC pipeline in 2011. Overall, since the start of the pipeline operation the pipeline has exported 178,558,000 tonnes by the... Read More