OREANDA-NEWS. April 07, 2010. The State Oil Company of Azerbaijan (SOCAR) has a possibility to satisfy Russia’s inquiry for increase of Azeri oil export via Baku-Novorossiysk pipeline.

SOCAR president Rovnag Abdullayev says that in 2010 it is planned to export up to 2.5 million tons of oil via Baku-Novorossiysk pipeline.

“We have not a possibility for larger volume of supplies. Out of overall production we will direct 6.2 million tons of oil for refining and export the remaining via Baku-Novorossiysk. We will be able to meet Russia’s inquiry only on the condition of oil production increase by our Company,” Abdullayev said.