Deliveries of Baku oil via Russia to stop in 2014

In 2014 oil from Baku won’t be delivered via Russia: Transneft announced the conservation of the pipe on the border with Azerbaijan where about 1.5 million tons will pass in 2013. The negotiations about the prolongation of transit failed. Azerbaijan exports oil via Baku-Tbilisi-Ceyhan where the tariffs are much lower. Transneft lost 1-2 billion RUR of potential income, as Rosneft is not going to fill the pipe, discussing reverse pumping of raw materials from Russia with Baku.

Transneft starts temporary shutdown of Shirvanovka-Makhachkala oil line on the border with Azerbaijan, the advisor to the company’s President Igor Dyomin reported yesterday. He specified, the decision was conditioned by the fact that in February 2014 the contract for pumping of Azerbaijani oil via Baku-Novorossiysk expires and the new document wasn't signed.