Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
BAKU, February 29 (Itar-Tass) — Azerbaijan and Russia agreed to amend the intergovernmental agreement on the transportation of Azerbaijani oil via the Baku-Novorossiysk pipeline, Azerbaijan’s Minister of Industry and Energy Natik Aliyev told reporters here on Wednesday.
“These amendments concern increasing the oil transportation volume through the pipeline using hydrocarbons of third countries and changing the transit price,” the industry and energy minister said. According to him, the Azerbaijani side raised the issue of drawing oil from the third countries to the Baku-Novorossiysk pipeline during the preparation of the intergovernmental agreement signed by the two countries in 1996. “However, the Russian side did not agree to that then. Now we have returned to this issue,” Aliyev said.
The minister stressed that the second amendment is about a new scheme of transportation, which is “the more oil we send, the cheaper the tariffs for its transportation.” “The Russian side has agreed,” Aliyev said.
The Baku-Novorossiysk pipeline (also known as the Northern Route Export Pipeline and Northern Early Oil Pipeline) is a 1,330-kilometre (830 mi) long oil pipeline, which runs from the Sangachal Terminal near Baku to the Novorossiysk terminal at the Black Sea coast in Russia. The Azerbaijani section of the pipeline is operated by the State Oil Company of Azerbaijan Republic (SOCAR) and the Russian section is operated by Transneft.
At present, the tariff for pumping of one tonne of oil through the Baku-Novorossiysk pipeline is 15.67 US dollars. The pipeline’s capacity is 5 million tonnes per year with a possible increase up to 18 million tonnes.