Tweet
Russia terminates oil transit agreement with Azerbaijan
May 14, 2013 - 18:05 AMT
PanARMENIAN.Net - Russia and Azerbaijan will terminate the agreement
on the transit of Azerbaijani oil through Russia via the
Baku-Novorossiysk pipeline, which operated since 1996. The relevant
decree was signed by Russian Prime Minister Dmitry Medvedev on May 5,
a source familiar with the text of the document told Prime news agency
on May 14, Azernews said.
The Foreign Ministry was instructed to inform Azerbaijan about the
termination of the agreement on the transit of Azerbaijani oil through
the territory of Russia, which was concluded in January 1996. This
bilateral Russian-Azerbaijani intergovernmental agreement on the
transit of Azerbaijani oil via the Baku-Novorossiysk pipeline
envisages transportation of 5 million tons of oil per year at the rate
of $15.67 per one ton of oil transit.
Spokesman, advisor to Transneft president Igor Demin told Prime news
agency that the contract included the amount and rate which have been
changed over the years. He said that Azerbaijan has failed to fulfill
its obligations in pumping volumes, which were set in the agreement at
the level of 5 million tons of oil a year, but in reality amounted to
about 2 million tons.
He added that the parties will be able to negotiate a new tariff for
the next year.
May 14, 2013 - 18:05 AMT
PanARMENIAN.Net - Russia and Azerbaijan will terminate the agreement
on the transit of Azerbaijani oil through Russia via the
Baku-Novorossiysk pipeline, which operated since 1996. The relevant
decree was signed by Russian Prime Minister Dmitry Medvedev on May 5,
a source familiar with the text of the document told Prime news agency
on May 14, Azernews said.
The Foreign Ministry was instructed to inform Azerbaijan about the
termination of the agreement on the transit of Azerbaijani oil through
the territory of Russia, which was concluded in January 1996. This
bilateral Russian-Azerbaijani intergovernmental agreement on the
transit of Azerbaijani oil via the Baku-Novorossiysk pipeline
envisages transportation of 5 million tons of oil per year at the rate
of $15.67 per one ton of oil transit.
Spokesman, advisor to Transneft president Igor Demin told Prime news
agency that the contract included the amount and rate which have been
changed over the years. He said that Azerbaijan has failed to fulfill
its obligations in pumping volumes, which were set in the agreement at
the level of 5 million tons of oil a year, but in reality amounted to
about 2 million tons.
He added that the parties will be able to negotiate a new tariff for
the next year.