SOCAR, Transneft Agree on Oil Transit Tariff

MarineLink.com
Tuesday, February 25, 2014

Reuters - Azerbaijan's state energy company SOCAR agreed with Russian oil pipeline monopoly Transneft on transportation tariff at $16 per metric ton, slightly up from a previous $15.67, to be shipped via Russia in 2014, SOCAR's official said.

Adnan Ahmadzada, SOCAR's marketing and operations department head, told Reuters in an interview the tariff was fixed in Russian roubles and might change slightly depending on exchange rate fluctuations throughout the year.

He said SOCAR was ready to ship 1.0-1.5 million metric tons of oil via Russia this year, reversing plans to halt exports in mid-February.

"We also agreed that we would have an opportunity to ship additional transit volumes of oil from third parties," Ahmadzada said.

He said SOCAR had started talks with Kazakhstan and Turkmenistan on this issue.

"We can ship additional 3.5 million metric tons of oil through Baku-Novorossiisk as the pipeline's capacity is 5 million metric tons," he said.

SOCAR had planned to halt oil exports via Russia in February, opting instead to send the bulk of its crude through Baku-Tbilisi-Ceyhan pipeline and retaining some to cover rising domestic demand for oil products.

Oil exports via Russia were 1.75 million metric tons in 2013, down from 2.06 million metric tons shipped in 2012.

In May last year, Russia terminated a contract to pump Azeri oil across its territory, ending an 18-year agreement between the two countries on the grounds that Azerbaijan had not been shipping the agreed quantities.

Oil has flowed along the 1,330-kilometer pipeline from the Azeri capital of Baku on the Caspian Sea to the Russian Black Sea port of Novorossiisk since May under a separate standalone contract between Transneft and SOCAR.

(Reporting by Margarita Antidze; Editing by David Evans)

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

US House to Hold Hearing on Oil Export Ban

A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.

Energy’s Promising Future Threatened

Unrealistic Fears and Overstated Risks obscure the benefits of new seismic data. The United States stands poised on the edge of a bright energy future. After decades

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

News

US House to Hold Hearing on Oil Export Ban

A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.

Bollinger Delivers 11th FRC to the US Coast Guard

Bollinger Shipyards, Inc. has delivered the William Trump, the 11th Fast Response Cutter (FRC) to the United States Coast Guard.   The announcement was made by Bollinger Chief Operating Officer,

Australian Defence Minister Says Would Not Trust Submarine Firm to Build Canoe

Australia's defence minister has said he would not trust state-owned Australian Submarine Corp (ASC) "to build a canoe", fuelling expectations that most work in

Logistics

Matson Raises Guam, Micronesia Rates

Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Guam/Commonwealth of the

Vacant Pier to Help Ease Long Beach Congestion

Pier S temporary depot to relocate empty containers for next five months    The Port of Long Beach expects a “Temporary Empty Container Depot” planned for a vacant

Russian Liftings for Western Options at 12-Year Low

By Gleb Gorodyankin MOSCOW, Nov 25 (Reuters) - Exports of Russian crude oil to Western markets are set to fall by almost a third in December and reach a 12-year

Offshore Energy

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

Damen, Palfinger Upgrade North Sea Jack-Up Rig

With the support of Palfinger systems JUMP technology, Damen Shiprepair Vlissingen has completed an upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1059 sec (9 req/sec)