In 2014 SOCAR exported 2,957,039 tons of Azerbaijani oil transported via the Baku-Supsa oil pipeline from the Supsa port.
SOCAR press office reported that in December 2014 SOCAR shipped 254,498 tons of Azerbaijani oil from the Supsa port.
In 2013 SOCAR exported 2,725,095 tons of oil from the Supsa port. Therefore, during 2014 export from the Supsa port increased by 8.5%.
Why did volume of export of Azerbaijani oil via the Georgina terminal increase? At the end of January 2014 BP-Azerbaijan put into operation a new production platform on the Chirag-Western Chirag field. All oil extracted on this field is exported to the world markets via the Baku-Supsa pipeline.
The Baku-Supsa oil pipeline was put into operation on April 17, 1999.
The length of the oil pipeline is 837 km and its diameter is 530 mm. The pipeline with the carrying capacity of 7.5 million tons of oil a year was built within the framework of the contract for development of Azeri-Chirag-Guneshli (ACG) fields.—0—
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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