Energy Portal
EU, THE LITTORAL STATES OF THE BLACK & CASPIAN SEAS AND THEIR NEIGHBOURING COUNTRIES

News Azerbaijan maintains the same tariff on oil pumping

Azerbaijan will not change tariff on pumping the Azerbaijani oil via the Baku-Novorossiysk pipeline, said the Minister of Energy Natiq Aliyev. The minister said, Azerbaijan is satisfied with the transit conditions due to including all expenses as part of the oil transportation and fixing tariffs.
The inter-governmental agreement on transportation of Azerbaijani oil via Baku - Novorossiysk was signed on January 18, 1996. Tariff for transportation of one ton of oil is $15.67.
As of this year, coordinated volume of oil transport via Baku - Novorossiysk is 2.5 million tons. The agreement signed in 1997 provided for transport of five million tons of oil via this route.
The length of Baku-Novorossiysk is more than 800 kilometers. The capacity is about five million tons per year.

Concerned URL http://www.today.az/news/business/52807.html [open in new window]
Source of information Today.Az
Release date 03/06/2009
Contributor Elena Nikitina

This item has expired