Azerbaijan's oil shipments via Russia rose 15.4 per cent in 2017
Azerbaijan's oil shipments via Russia rose 15.4 per cent in 2017 BAKU: Azerbaijan's oil shipments via Russia rose by 15.4 percent to 1.5 million tonnes in 2017, state energy company SOCAR said on Monday.
The rise from 1.3 million tonnes a year earlier was partly because SOCAR shipped no oil via the Baku-Novorossiisk pipeline in January and February in 2016. It resumed after signing a deal with Russian pipeline monopoly AK Transneft.
SOCAR aims to reduce export volumes to 1.35 million tonnes in 2018.
Azerbaijan sends only a small portion of its oil exports via Russia, using routes through Georgia and Turkey for the bulk of its crude shipments.
SOCAR's crude has a lower sulphur content than Russia's Urals blend. The company receives crude from Transneft to fill its loading slots at the Novorossiisk oil terminal.