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Wednesday, 15 August 2018


Azerbaijan has cut oil exports by 6%

2013-05-20 13:21

Crude oil exports from Azerbaijan in January-April 2013 decreased by 6.1% compared to the same period in 2012 - to 11.35 million tons, the News-Azerbaijan reported referring to information of the State Customs Committee of the Republic.


9.03 million tons of crude oil was transported through the Baku-Tbilisi-Ceyhan oil pipeline, more than 1.45 million tons - through the Baku-Supsa (Georgia), 569.11 thousand tons - through the Baku-Novorossiysk, more than 305.21 tons were transported by rail to Georgian ports on the Black Sea.

During the reporting period, based on customs declarations the country has exported about 8.4 million tonnes of petroleum products, which is 0.4% more than in January-April 2012.

Recall, recently it was reported that Russia has refused from the transit of Caspian oil due to unprofitability. The Baku-Novorossiysk pipeline was used to pump only 2 million tons of "black gold" per year. Maintenance of the pipeline has become unprofitable.

Although officially the contract expires in late this year, it is unclear whether it will be extended. Today, the price for pumping a ton of oil is slightly more than $ 15. The rate has not changed since 1996, and Moscow is planning to revise it. And Baku is not ready to the new conditions, so it is unknown whether these arrangements will be extended.


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