SOCAR: Operation of Baku-Novorossiysk is profitable for both parties
Edited by Anonymous / 2013-12-09 08:01:32
Azerbaijan Oil and Gas Russia Azerbaijan Oil and Gas Baku-Makhachkala-Novorossiysk Baku-Tbilisi-Ceyhan Russia Oil and Gas Pipelines
Operation of Baku-Novorossiysk is profitable both for Azerbaijani and Russian parties, the representative of SOCAR said, answering the question about stopping of deliveries of Azerbaijani oil via the pipeline next year.
“This is profitable for Russia, as it is the first time when Russian oil can be delivered to Ceyhan (via BTC) or in physical terms or in the form of SWAP”, he noted.