The Azerbaijan State News Agency

ECONOMY

OIL EXPORT VIA BAKU-NOVOROSSIYSK PIPELINE MAKES UP 2728317 TONS

03.08.2006 [14:25]
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According to the State Oil Company of Azerbaijan Republic (SOCAR), oil export via the Baku-Novorossiysk pipeline reached 373 55 tons in July. Of this amount, 74728 tons belong to the SOCAR and 298 822 tons to the Azerbaijan International Operating Company (AIOC). Baku-Novorossiysk pipeline has hauled 2, 728, 317 tons of oil for seven months of this year, of which 421 478 belong to the SOCAR and 2.306.839 tons to the AIOC.

SOCAR Marketing and Economic Operations department has sold 348512 tons of crude for seven months at the Novorossiysk terminal.

Brent crude was sold at $73.66 per barrel in July while SOCAR sold its URALS mixed oil at $69.21