Significant Decline in Azeri Oil Export

Significant Decline in Azeri Oil Export SOCAR oil export dropped 11,4 % in the firth four months in 2012 The State Oil Company of Azerbaijan (SOCAR) exported 7,016,000 tonnes of oil via the Baku-Tbillisi-Ceyhan (BTC) pipeline in January-April 2012.  SOCAR reports that the export made 1,909,000 tonnes in January, 1,359,000 tonnes in February, 1,901,000 tonnes in March, 1,847,000 tonnes in April. Compared to the same period of the last year, 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