Azerbaijan, Russia to go on talks for keeping supplies via Baku-Novorossiysk pipeline

The issue of continued Azerbaijani oil supplies via the Baku-Novorossiysk pipeline through Russia is being resolved on the basis of good neighborly relations, Azerbaijan Foreign Minister Elmar Mammadyarov said at a joint press conference with Russian counterpart Sergey Lavrov, today.

Mammadyarov urged not to politicize the issue.

He said that the dialogue on this issue will be continued between the Azerbaijani State Oil Company and Russian Transneft. The issue of a commercial component is being resolved.

Russian Foreign Minister Sergey Lavrov added that the available agreement on oil transportation via the Baku-Novorossiysk pipeline was unprofitable for Russian operator - Transneft due to the usage of capacity. At present, energy companies of the two countries are preparing a new agreement that complies with the new realities.

Earlier, Russian Prime Minister Dmitry Medvedev signed a decree on the termination of the agreement on the transit of Azerbaijani oil via the Baku-Novorossiysk pipeline with Azerbaijan.


/Trend/