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Azerbaijan is sure all its oil terminals’ capacity to be in demand

Azerbaijan is sure all its oil terminals’ capacity to be in demand Energy

 

All oil terminals with a total capacity of more than 1.5 million cubic meters, Azerbaijan has at disposal both in the Caspian Sea and the Black Sea, are in demand for transshipment of crude oil and petroleum products.

Kamran Mammadzadeh, deputy head of the Oil & Petroleum Products Export Office of the Export Department of the State Oil Company of Azerbaijan (SOCAR), says that the assurance that the terminals will be in demand, in particular, has led SOCAR to the implementation of the project on expansion of SOCAR oil terminal’s capacity in the Georgia-based Kulevi.

“The current capacity of the Kulevi terminal is 320,000 cubic meters, but in 2017 it will increase significantly,” said Mammadzadeh without disclosing any details.

He added that SOCAR will be able to involve more actively third parties to the transit through Kulevi.

“The expansion of this terminal also is linked with expectations of growth of oil product export after the modernization of the Baku oil refinery named after Heydar Aliyev,” Mammadzadeh said.

As for the Azerbaijani terminals in the Caspian Sea, among them are in particular: BP Sangachal terminal with capacity of 400,000 cu m; oil terminal in Dubendi for 340,000 cu m; Azertrans terminals in Sangachal (about 400,000 cu m) and in Baku (100,000 cu m), and Garadagh terminal.

“The oil terminals in Azerbaijan not only transship the local oil, but also the oil of other countries of the Caspian Sea. In particular, transshipment of oil of Turkmenistan has increased,” Mammadzadeh said.

He specified that since 2016 transshipment of oil from Kazakhstan through Azerbaijan has been ceased, that is linked with its transfer to CPC after the capacity expansion of the oil pipeline and the growth of its commercial attractiveness for Kazakh producers.

The SOCAR representative informed that in 2015 transit of oil and petroleum products from third countries through Azerbaijan reached totally 4.6 million tons, including 500,000 tons of oil products.

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