Azerbaijan suspends pumping oil through Baku-Novorossiysk

19/03/2019 09:18 Oil Market

news

According to Azerbaijan´s Trend, the country has suspended oil pumping through Baku-Novorossiysk, said Ibrahim Ahmadov, Deputy Head of the Public Relations Department at SOCAR.

According to Ahmadov, this is due to scheduled inspections and repair work on the pipeline. «We carry out regular inspections on the Baku-Novorossiysk pipeline and, in case of identifying any flaws or risks, carry out the necessary repairs,» he said.

 

As Ahmadov noted, in order to fulfill the company's export obligations, the oil that was supplied via Baku-Novorossiysk has been redirected to the Baku-Tbilisi-Ceyhan (BTC) pipeline. «Due to us having an extensive system of pipelines, we can redirect some volumes of oil to other pipelines in order to fulfill our export obligations,» Ahmadov said.

 

The Baku-Novorossiysk oil pipeline transports oil extracted by SOCAR independently, as well as from onshore fields developed within joint ventures. SOCAR has been the operator of the Baku-Novorossiysk pipeline since 2008. Its 1,147 km long, 231 km in its Azerbaijani section, and 916 km in its Russian section. The highest capacity of the pipeline stands at 105,000 barrels a day.

Source: neftegaz.ru

Ukraine's DTEK to import 400,000 mt of coal from Colombia

22/08/2019 08:34:00

Ukraine's largest producer of power from fossil fuels, DTEK, will import at least 400,000 mt of coal from Colombia within the next few months, Maksym Tymchenko, DTEK general manager, said Tuesday.

<READ MORE

Turkey's Akkuyu nuclear plant secures Russian financing

22/08/2019 08:31:00

Sberbank, Russia's state-owned banking and financial services company will provide a $400 million loan for the construction of Turkey's Akkuyu nuclear power station, the bank announced on Wednesday.

READ MORE

Daily (21.08.2019): NBP Sep19 price jumped by almost 5% due to an outage at the Culzean gas field

21/08/2019 11:38:00

Crude oil prices were rather steady on Tuesday. Brent crude inched up by 0.5% to $60.03 as tensions between U.S. and China eased. However, WTI futures dropped by 0.1% to 56.13 amidst continued concerns over global demand.

READ MORE