Azerbaijan exported 7 million 391 thousand 680 tons of crude oil (15% above figures of the same period of 2002)
Published:
23 November 2003 y., Sunday
Azerbaijan exported 7 million 391 thousand 680 tons of crude oil (15% above figures of the same period of 2002), sources in SOCAR told Turan news agency.
Of this total 5 million 238 thousand tons of oil (Azeri Lights) falls at the Azerbaijan International Operating Company (AIOC, producing from offshore field Chirag). This is 25.7% above figures of the same period of last year. Azeri Lights oil is exported only through Baku-Supsa oil pipeline. Azeri Lights world prices are USD 0.15-20 per barrel higher than of North Sea oil Brent.
SOCAR and subsidiaries (joint ventures and operating companies operating onshore Azerbaijan) exported 2 million 153 thousand 680 tons of oil during the reported period (4.6% lower than figures of the same period of last year). It should be noted that Azerbaijani oil exported through the Northern route pipeline was mixed in Tikhoretsk, Russia with Siberian oil and therefore sold at the world markets under the brand of Urals (USD 0.20-0.30 cheaper than Brent).
SOCAR plans to export 2.5 million tons of oil, AIOC - up to 6.5 million in 2003.
Šaltinis:
bakutoday.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In another move to strengthen the financial system, the Commission is proposing controls on credit rating agencies - private companies that evaluate financial risks for investors.
more »
Monday 10 November saw a large report land on the desk of MEPs in the Budgetary Control Committee.
more »
EU wants G20 meeting to pave the way for reform of the international financial system.
more »
New Yorkers reflect on the election of Barack Obama as the 44th President of the United States.
more »
The ability of the EU's common agriculture policy (CAP) to cope with the challenges of affordable food and climate change was discussed in Brussels 3-4 November.
more »
European Union economic growth should be 1.4% in 2008, half what it was in 2007, and drop even more sharply in 2009 to 0.2% before recovering gradually to 1.1% in 2010 (1.2%, 0.1% and 0.9%, respectively, for the euro area).
more »
There are an estimated 4-8 million immigrants working illegally in the European Union.
more »
Hit by economic turmoil and the sharp global downturn, growth in the EU slows almost to a halt.
more »
The top priority is to cushion the impact of the financial crisis on jobs, purchasing power and prosperity of EU citizens.
more »
The International Monetary Fund has approved short-term financing to help emerging market economies weather the global financial storm.
more »