Baku-Makhachkala-Novorossiysk

Tariff for oil pumping via Baku-Novorossiysk pipeline is 453.95 rubles per ton

The tariff for oil transportation via the Baku - Novorossiysk oil pipeline has been set at 453.95 rubles per ton, the cost of the transit was coordinated by Transneft and the Federal Tariff Service.
On February 18, SOCAR and the Russian company Transneft signed a new agreement on oil transportation via the Baku – Novorossiysk pipeline.
Experts drew attention to the closeness of the oil transit agreement, primarily the lack of information about the terms and rates.

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Azerbaijan Ministry of Energy considers maintaining the volume of oil production in Azerbaijan at a stable level real.

This year Azerbaijan is expected to produce 43 million tons of oil, Energy Minister ,Natig Aliyev stated. "The main purpose of the Azerbaijan hydrocarbons sector is to maintain stable production volumes at the level of 40-45 million tons, and all the necessary work is carried for this", - Aliyev stated. As a proof that it's real, the Minister cited the fact that last year Azerbaijan was predicted to produce a little more than 41 million tons of oil, whereas in fact its production was more than 43 million tons.
In 2013 the bulk of oil extraction fell on the block of "Azeri – Chirag - Gyuneshli" oil and gas fields. The liquid hydrocarbons from the "Shah Deniz" gas condensate field have contributed their share. Both areas are developed by international consortiums led by BP.

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In January 2014, Azerbaijan exported oil for $1.618 billion

In January 2014, Azerbaijan exported 2.762 million tons of oil for $1.618 billion . They exported by customs declarations 1.937 million tons of the volume for $1.618 billion. Azerbaijan exported 84,795 tons via Baku-Novorossiysk, 377,543 tons via Baku-Supsa, 2.214 million tons via BTC and 85.365 tons by railway.
In 2013, oil exports were 34.245 million tons. They exported by customs declarations 24.855 million tons of the volume for $20.244 billion
Translated by Nadezhda Poltoratskaya

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SOCAR and Transneft signed a new agreement on the Baku-Novorossiysk pipeline.

SOCAR (State Oil Company of Azerbaijan) and the Russian "Transneft" signed a new agreement on oil transportation via Baku -Novorossiysk pipeline. This was announced in a statement posted on the SOCAR website on Tuesday.
"After lengthy negotiations on the restoration of oil transportation via Baku-Novorossiysk pipeline between SOCAR and "Transneft" a new agreement has been signed based on mutually beneficial terms and conditions. Resumption of oil transportation through the territory of the Russian Federation will create opportunities for expanding export routes of Azerbaijani oil to the world markets," – the message stated.

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SOCAR has redirected oil exports from Baku-Novorossiysk to BTC

Since February 15th, SOCAR began oil supplies to Baku-Tbilisi-Ceyhan (BTC) instead of Baku-Novorossiysk as it was before. The contract on gas transit via Baku-Novorossiysk closed between Russia and Azerbaijan in 1996 expired on February 14th. The contract was ceased under the initiative of the Russian side.
Last year Transneft reported that within the latest 5 years Azerbaijan failed to accomplish the contract terms having transported by 2 times less than is built to the document. The contract presupposed annual transporting of 5 million tons of oil and the actual volume did not exceed 2 million tons. The income from transit did not cover expenses of the Russian company to maintenance of the pipeline system.

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SOCAR changes main line for oil transit

Since February 15th SOCAR has started to supply oil, exported via Baku-Novorossiysk pipeline before that it was to the pipeline Baku-Tbilisi-Ceyhan. PRIME reports citing a statement of the company.
The contract period between Russia and Azerbaijan on oil transit via Baku-Novorossiysk, dated 1996, expired on February 14th. The agreement has been terminated on the initiative of Russia.
Last year “Transneft” stated that Azerbaijan has not fulfilled the contract terms during the last 5 years and transported oil by 2 times less than it is said in the document. The contract considered pumping of 5 million tons of oil, however, the real volume was less than 2 million tons a year. The income from transit did not recover the costs for the support of the pipeline system in proper order.

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The Russian and foreign mass-media discuss restarting of the negotiations with Transneft by SOCAR about Azeri oil transporting via the Baku-Novorossiysk pipeline.

SOCAR has appealed to Transneft with a request to discuss prolongation of the agreement about Azeri oil transporting via the Baku-Novorossiysk pipeline, Prime reports referring to the official representative of Transneft I. Dyomin.

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Does SOCAR want to supply oil via Baku-Novorossiysk again?

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.

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SOCAR starts negotiations with "Transneft " on Baku-Novorossiysk.

The parties shall discuss the prolongation of the agreement on Azerbaijani oil pumping on commercial terms.
The State Oil Company of Azerbaijan (SOCAR) has started negotiations with "Transneft" for further Azerbaijani oil pumping through the Baku-Novorossiysk pipeline, a source familiar with the negotiations stated.

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In January, SOCAR transported 84,000 tons of oil via Baku-Novorossiysk

In January, SOCAR transported 84,000 tons of oil via Baku-Novorossiysk. Within the whole year of 2014, the company is going to transport via the system 170,000 tons of oil. The rest of the volume will be transported in February, and then the exports via the route will be stopped.
In 2013, SOCAR exported via the route 1.751 million tons of oil, by 313,000 tons less than in 2012.

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