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
Motorola, Inc. today reported sales of $7.5 billion in the third quarter of 2008.
more »
The global financial crisis has already battered many European banks. Now it is hitting the EU auto industry, the world’s largest producer of motor vehicles.
more »
The European Commission has approved, under EC Treaty state aid rules, a German rescue package intended to stabilise financial markets by providing capital and guarantees to eligible financial institutions.
more »
A new report by the European Commission has assessed the competitiveness of the European Union in the global economy at the end of a decade of rapid economic change.
more »
Revenue surpasses $15 billion with healthy sales of enterprise software and Xbox 360 consoles.
more »
Airport charges are one of the hidden costs of flying and usually they are passed on from airlines to passengers.
more »
US and European leaders agree to series of summits on world finance.
more »
On Monday MEPs will debate a recovery plan for cod stocks in the North Sea and West Scotland. With over 70% of the world’s fish species already fully exploited or depleted, fisheries faces a crisis.
more »
A new study released by the European Commission today confirms the trend towards more private pension provision in the EU but highlights the need for inclusive coverage and adequate pension levels.
more »
Thursday, October 16, Brussels. President of the Republic of Lithuania Valdas Adamkus attended the second day session of the European Council meeting.
more »