Article: Azerbaijan: SOCAR ups oil exports via Baku-Novorossiysk in Q1.

Byline: manish03

SOCAR Marketing and Economic Operations Department exported nearly 1.229 million tons of oil via Baku-Novorossiysk in January-June 2009.

This is 76 more than the same period of 2008. In June, a barrel of Brent crude oil brands in the world market cost $68.55, Urals $ 68.38 and BTC FOB Ceyhan - $68.77. In 2008, SOCAR MEOD exported nearly 1.197 million tons of crude oil via the Baku-Novorossiysk, which is 2.6% less than the volume exported in 2007. The volume of transit of SOCAR oil via this route, with capacity of over 5 million tons a year, ...

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