SOCAR plans to export up to 2.5 mm tons of oil through Russia in 2010

Apr 07, 2010 02:00 AM

The State Oil Company of Azerbaijan (SOCAR) has a possibility to satisfy Russia's inquiry for increase of Azeri oil export via Baku-Novorossiysk pipeline.
SOCAR president Rovnag Abdullayev says that in 2010 it is planned to export up to 2.5 mm tons of oil via Baku-Novorossiysk pipeline.

"We have not a possibility for larger volume of supplies. Out of overall production we will direct 6.2 mm tons of oil for refining and export the remaining via Baku-Novorossiysk."
"We will be able to meet Russia's inquiry only on the condition of oil production increase by our company," Abdullayev said.

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