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Azerbaijani SOCAR says oil and gas infrastructure is safe

October 01/2020

MOSCOW (MRC) -- Azeri state energy company SOCAR said the countryís oil and gas infrastructure was safe thanks to measures taken by the army over military conflict in the region of Nagorno-Karabakh, said Reuters.

The worst spate of fighting between Armenia and Azerbaijan since the 1990s raged for a third day on Tuesday and the civilian death toll mounted. The clashes have not so far taken place near the major energy assets.

Ibrahim Akhmedov, a spokesman for SOCAR, said that the countryís oil and gas infrastructure was operating normally and that its exports were being carried out as usual. Oil major BP said the business operations at its projects in Azerbaijan were continuing as usual.

Analysts said on Monday that military clashes between Armenia and Azerbaijan over the territory of Nagorno-Karabakh have not affected energy supplies from the region, but could disrupt oil and gas exports should the conflict escalate. Azerbaijanís primary route for oil exports is the Baku-Tbilisi-Ceyhan pipeline, which accounts for around 80% of the countryís oil exports and runs via Georgia and on to the Turkish Mediterranean coast.

It has capacity of 1.2 MM barrels per day, or more than 1% of global oil supplies. BP is leading the international consortium developing Azerbaijanís giant Shah Deniz field, which is expected to make its first deliveries to Europe later this year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, SOCAR Polymer.
Category:General News
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