George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

Latest Share Chat

Azeri SOCAR oil exports drop 6.5 pct in January-February

Tue, 11th Mar 2014 15:08

BAKU, March 11 (Reuters) - Azeri state energy company SOCARcut oil exports by 6.5 percent to 3.727 million tonnes inJanuary-February from 3.984 million tonnes a year ago due tofalling oil production, a SOCAR source said.

The source said SOCAR exported 169,649 tonnes of oil viaRussia through the Baku-Novorossiisk pipeline inJanuary-February, down from 251,755 tonnes in the same periodlast year.

Exports of oil through the Baku-Supsa pipeline via Georgiaincreased to 565,129 tonnes from 560,936 tonnes last year, whileexports through Baku-Tbilisi-Ceyhan via Georgia and Turkey were2.992 million tonnes, down from 3.2 million tonnes last year.

The Azeri government has been concerned about output fromthe Azeri, Chirag and Guneshli (ACG) oilfields - the biggest oilproject in Azerbaijan and one of the largest globally for oilmajor BP - after production fell in 2012.

Output from the project rose in 2013. As for this year, BPsaid in January that production might be slightly lower than in2013 as the company planned maintenance work at the CentralAzeri and West Azeri platforms, halting operations for a coupleof weeks.

It did not say when the work would start.

Azerbaijan's oil and condensate output fell by 5.2 percentyear on year in January to 3.6 million tonnes.

The State Statistics committee has not yet released figuresfor output in February.

For 2013, Azerbaijan has said oil and condensate productionrose by 0.4 percent to 43.5 million tonnes after two years ofdecline.

Related Shares

More News
24 Apr 2024 19:30

Trans Mountain oil shippers raise concerns about risk of delay to full service

April 23 (Reuters) - Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be ...

24 Apr 2024 13:24

Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan

LONDON, April 24 (Reuters) - Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure ...

24 Apr 2024 09:58

Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted higher-than-expected net profit for the first quarter as co...

24 Apr 2024 05:38

Aker BP Q1 beats forecast on record output, lower cost

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted a higher-than-expected net profit for the first quarter as ...

18 Apr 2024 14:45

BP's gas and renewables boss steps down, as CEO shrinks leadership

LONDON, April 18 (Reuters) - BP said on Thursday its head of natural gas and low carbon energy Anja-Isabel Dotzenrath will step down after just over...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.