Socar starts shipping extra volumes of oil via BTC

18:15 | 17.02.2014
Socar starts shipping extra volumes of oil via BTC

Socar starts shipping extra volumes of oil via BTC

Azerbaijan’s state oil company Socar started shipping additional volumes of crude oil via the Baku-Tbilisi-Ceyhan pipeline after exports were stopped through the Baku-Novorossiysk link.

Russian Prime Minister Dmitriy Medvedev decreed in May to terminate the 1996 agreement with Azerbaijan on oil deliveries via Baku-Novorossiysk after Socar reduced the volumes of crude.

Socar said it was still in talks with Transneft to sign a new agreement to resume supplies via the 1,330 kilometer pipeline.

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