Does SOCAR want to supply oil via Baku-Novorossiysk again?
Edited by Rhod Mackenzie / 2014-02-13 12:56:10
Azerbaijan Oil and Gas Russia Azerbaijan Oil and Gas Baku-Makhachkala-Novorossiysk Baku-Tbilisi-Ceyhan Russia Oil and Gas Oil Pipelines SOCAR Transneft
SOCAR has started negotiations with Transneft on prolongation of commercial pumping of Azerbaijani oil via the Baku-Novorossiysk pipeline, Russian mass media report.
Azerbaijan transported its oil via the Baku-Novorossiysk pipeline from 1997. According to Transneft, in the recent five years Azerbaijan didn’t meet terms of the agreement and transported only 2 million tons per year that is 2.5 less than the contract provided for.