VOL. XLI

No. 16

20-April-1998

FSU

AIOC Begins Shipping Early Oil From Novorossysk

The Azerbaijan International Operating Company (AIOC) has started shipping the"early oil" from its Chirag field through the Russian Black Sea port ofNovorossysk. AIOC officials announced on 15 April that a second shipment of 80,000 tonshad been loaded and was bound for refining in Sicily and the Italian market, and that itintended to load two to three tankers per month. The company said some 1.5mn tons ofChirag...