home . news & publications . Investment News . Transneft and SOCAR Start Negotiations on Azerbaijani Oil Transportation

Transneft and SOCAR Start Negotiations on Azerbaijani Oil Transportation

Russian Transneft Company and State Oil Company of Azerbaijan (SOCAR) have started commercial negotiations on transportation of oil through Russia after the suspension of intergovernmental agreement.

The negotiations are being conducted successfully.

The oil could be transported partly. For now, 5 million tones of oil is needed for working of Baku-Novorossiysk oil pipeline system.

Source: News.Az

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