Azeri Crude Exports From Three Ports Fell 15% in September

Azeri crude exports from the Mediterranean port of Ceyhan and the Black Sea ports of Supsa and Novorossiysk fell 15 percent to 2.1 million metric tons in September from a year earlier.

Of the total, 1.65 million tons was shipped through Ceyhan, according to data published today on the website of State Oil Co. of Azerbaijan, or Socar. No reason was given for the decline.

Azerbaijan, the third-largest oil producer in the former Soviet Union after Russia and Kazakhstan, saw its crude production slip 7.1 percent in the first half to 22.2 million tons, the State Statistics Committee said in July.

Exports via the three ports in the first nine months fell 9.8 percent to 19.1 million tons from a year earlier, according to Socar data. Out of that, 15.5 million tons were delivered from Ceyhan.

The Caspian Sea nation pumped 45.6 million tons of oil and 25.8 billion cubic meters of gas last year.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

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