Azerbaijan’s state oil company SOCAR exported 329,420 tons of oil via the Baku-Novorossiysk pipeline in January-July 2019.

Azerbaijan’s state oil company SOCAR has resumed oil pumping via the northern export route - the Baku-Novorossiysk pipeline after the break for repair since March, Trend reports with reference to Ibrahim Ahmadov, deputy head of the SOCAR public relations and events department.

Azerbaijan will resume the supply of its oil abroad via the Baku-Novorossiysk oil pipeline starting from this summer, when the maintenance work in the Azerbaijani section of the pipeline finishes.

Oil export via the Baku-Novorossiysk oil pipeline will resume July 1, Elshad Nasirov, vice-president of Azerbaijan’s state oil company SOCAR, told reporters in Baku May 29, Trend reports.

Azerbaijan has suspended oil pumping through Baku-Novorossiysk, Ibrahim Ahmadov, Deputy Head of the Public Relations Department at Azerbaijan’s SOCAR state company, told Trend.

The State Oil Company of Azerbaijan SOCAR has plans to build a methanol plant in Russia.

Azerbaijan’s state oil company SOCAR will pump about 170,000 tons of oil via Baku-Novorossiysk oil pipeline in August 2016, a source in SOCAR told Trend July 29.

Azerbaijan's state energy company SOCAR expects the oil prices to vary in the range of $65-$75 per barrel in the next two years, SOCAR Head Rovnag Abdullayev told journalists on July 22.

Azerbaijan's state energy company SOCAR and Russian oil pipeline monopoly Transneft -- the operator of the Baku-Novorossiysk pipeline's Russian section – are still interested in the continuation of oil pumping via the pipeline.

Azerbaijan's state energy company SOCAR and Russian state-owned oil company Rosneft have not yet come to an agreement on issues of oil transportation via Baku-Novorossiysk pipeline although the date for suspension of Azerbaijani oil supplies on this route is approaching.