Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
Russia suggests setting up international coalition for demining operations in SyriaRussian Politics & Diplomacy March 25, 1:08
One person dies in fire at gunpowder factory in Russia's KazanWorld March 24, 21:47
Russia's 'Gentlefan' baton passed on to Krasnodar ahead of Cote d’Ivoire friendlySport March 24, 21:34
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.