Until September 1, 2013 Azerbaijan delivered 64 million tons (about 747 million barrels) of oil to the world markets via the western route (Baku-Supsa oil pipeline), a source from the State Oil Company of Azerbaijan (SOCAR) told Turan.
During 2012 over 27 million barrels of oil (about 4 million tons) was transported via the Baku-Supsa pipeline.
The Baku-Supsa pipeline was put into operation in April 1999. Oil extracted on the Chirag field is transported via the pipeline.
When the pipeline was built, its capacity totaled 100,000 barrels of oil a day. Then it was upgraded and its carrying capacity was increased up to 145,000 barrels a day. In the mid 2000s the pipeline stood idle for two years, because of problems in Georgia.
According to the pipeline operator BP, maximum of 106,000 barrels of oil a day could be pumped via the pipeline.—0--
Economics
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Azerbaijan is set to host its Trade Forum on October 1, supported by “Pasha Holding” and jointly organized by the Small and Medium Business Development Agency (SME), Azerbaijan Customs representation, and the Logistics Companies Association.
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The inaugural Investment Forum on energy transition in Central Asia is set to take place on November 15-16 in Baku, Azerbaijan, organized by the International Renewable Energy Agency (IRENA) and Azerbaijan’s Ministry of Energy as part of the COP29 conference.
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At the advisory meeting of railway administrations held in Baku on September 19-20, Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC (ADY), met with Ufuk Yalçın, General Director and Chairman of the Board of the Turkish State Railways Company "TCDD Taşımacılık." The meeting marked the second time this year that officials have discussed expanding railway transport cooperation between Azerbaijan and Turkey.
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The Center for Analysis of Economic Reforms and Communication (CAERC) has completed its monitoring and evaluation of the first half of the year in relation to the "I State Program on the Great Return to the Liberated Territories of the Republic of Azerbaijan." This state program focuses on restoring infrastructure and resettling displaced populations in areas that were reclaimed during the 2020 Nagorno-Karabakh conflict.
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