The State Oil Company of Azerbaijan Republic has exported 1,498.1 thousand tons of oil in 2017 via the Baku-Novorossiysk pipeline (Novorossiysk port, the Black Sea, Russia).
Last year, SOCAR’s oil export via the Baku-Novorossiysk pipeline was 15% more than in 2016.
Notably, Baku-Novorossiysk pipeline was built to transport crude oil to the north. Through this pipeline, crude oil is transported to the Novorossiysk port passing from Russian territory. The contract was signed in Moscow on February 18, 1996. First oil was delivered to the world market on October 25, 1997.