Bloomberg News

Azeri 2012 Oil Exports Decline at Port Used by BP-Led Pipeline

January 07, 2013

Azerbaijan exported less crude oil through the port used by the BP Plc-led Baku-Tbilisi-Ceyhan pipeline last year as the nation’s production declined.

Oil exports through Ceyhan harbor fell 12 percent to 20.19 million metric tons, while they rose 3.4 percent to 2.74 million tons at Supsa port and gained 0.6 percent to 2 million tons at the Novorossiysk facility. Azerbaijan, the third-largest oil producer in the former Soviet Union, pumped a combined 24.9 million tons, down 9.6 percent, from the ports, according to data on the website of State Oil Co. of Azerbaijan, or Socar.

Oil production slid 3.7 percent last year to 43.9 million tons, Socar President Rovnaq Abdullayev said Dec. 30. Natural gas rose 8.3 percent to 27.9 billion cubic meters, he said.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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