Azerbaijan to resume oil exports via RussiaFebruary 25, 2016 - 18:33 AMT PanARMENIAN.Net - Azerbaijan's state energy company SOCAR and Russian oil pipeline operator Transneft signed a new deal on resuming oil shipments via Russia after exports were halted for technical reasons, AzerNews reports. SOCAR will resume oil transportation via the Baku-Novorossiysk pipeline on March 1, Russian media quoted Transneft president’s advisor Igor Demin as saying on Thursday, February 25. “It was initially planned to transport around 1.3 million tons of oil [through the pipeline]. However, transportation volumes will be smaller as the agreement will come into force in March,” Demin explained. Noting that the volumes will be defined for every month, Demin said the agreement is similar to the ones signed in previous years. SOCAR transported 1.27 million tons of oil via the Baku-Novorossiysk pipeline in 2015, up from 932,160 tons in 2014. SOCAR had initially planned to halt oil exports via Russia in February 2014 due to differences over transportation tariffs and volumes of supply, opting instead to send the bulk of its crude through the Baku-Tbilisi-Ceyhan pipeline and retaining some to cover rising domestic demand for oil products. The company reversed its plans later that month. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |