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Azerbaijan resumes oil exports via Russia

Oil

Azeri state energy company SOCAR has resumed oil exports via Russia this month after they were halted at the beginning of June, Reuters reports citing the president of the firm Rovnag Abdullayev. Azerbaijan's SOCAR shipped 678KT in 1H15, up from 508KT in 1H14. SOCAR announced in January that it had signed a one-year contract with Russian oil pipeline operator Transneft to transport 1.7MT through the Baku-Novorossiysk pipeline, up from 1.02MT in 2014.