SOCAR and Transneft sign new agreement

abarrelfullabarrelfull wrote on 20 Feb 2014 11:55
Tags: azerbaijan c-asia pipeline russia socar transneft

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After lengthy negotiations on resumption of oil transportation via Baku-Novorossiysk oil pipeline, SOCAR and Russian Transneft signed a new deal based on mutually beneficial terms and conditions.

Resumption of oil transportation through the territory of Russia will create opportunities for expanding export routes of Azerbaijani oil to the world markets.

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