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Azerbaijan reports 37.8% rise in oil exports in Jan-Apr

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BAKU, June 2 (RIA Novosti) - Azerbaijan's oil exports stood at 17.2 million metric tons (126.4 million bbl) of oil in January-April 2008, up 4.7 million metric tons (34.5 million bbl), or 37.8% year-on-year, the country's State Customs Committee said on Monday.

Over 11.2 million metric tons (82.32 million bbl) of oil were shipped via the Baku-Tbilisi-Ceyhan pipeline, and 243,434 metric tons (1.8 million bbl) via the Baku-Novorossiisk pipeline.

Oil production in Azerbaijan grew 14.1% year-on-year in January-April to 15.8 million metric tons (116.1 million bbl), the South Caucasus country's top statistics body said earlier. Gas output in the reporting period grew 79.8% to 5.2 billion cubic meters.

Azerbaijan holds vast oil and gas reserves in the Caspian Sea, which it exports to neighboring Georgia, Turkey, and Europe through three pipelines - Baku-Tbilisi-Ceyhan via Georgia to Turkey, Baku-Novorossiisk, which links the Azeri capital with the Russian Black Sea port of Novorossiisk, and Baku-Supsa to Georgia.

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