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Wednesday, February 20, 2008

SOCAR to operate Azeri section of Baku-Novorossiysk Pipeline

SOCAR06 February 2008 - ARA - The State Oil Company of Azerbaijan (SOCAR) has undertaken operating of the Azeri section of Baku-Novorossiysk Oil Pipeline since February 2. Prior to this, the Baku-Novorossiysk pipeline has been operated by Azerbaijan International Operating Company (AIOC). SOCAR exported 1.2 million tons of crude oil via the pipeline in 2007. 256 tons of oil was pumped in January, 2008. Azerbaijan has been exporting oil through Baku-Novorossiysk route since 1997.

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