Azerbaijan diverts oil from Russia-bound pipeline

February 18, 2014

Azerbaijan's state energy firm SOCAR decided to transport oil through the Baku-Tbilisi-Ceyhan oil pipeline instead of the Baku-Novorossiysk pipeline, Azernews reported on February 17.

The transportation via BTC is launched from February 15.

The company reported SOCAR will further negotiate with Russian oil pipeline monopoly Transneft -- the operator of the Baku-Novorossiysk pipeline's Russian section -on the work of the pipeline.

Earlier, both announced that they are still interested in the continuation of oil pumping via the pipeline.

The contract for transiting Azerbaijan's oil via the Baku-Novorossiysk pipeline through the territory of its giant northern neighbor, in effect for 17 years, was revoked in early May.

Copyright: Azernews, 2014