In January – May, oil exports by Baku-Novorossiysk declined by 20%

In January – May, SOCAR declined oil exports by Baku-Novorossiysk by 20% to 655,880 tons.

The Premier of Russia D. Medvedev signed the order about termination of the agreement between Russia and Azerbaijan about oil transit via Baku-Novorossiysk pipeline on May 5. The agreement was closed in 1996. The Minister of External Affairs S. Lavrov announced on May 21 that Russia and Azerbaijan elaborate a new agreement about oil transit via Baku-Novorossiysk pipeline , concerning the new realities.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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