ECONOMY
OIL EXPORT THROUGH BAKU-NOVOROSSIYSK PIPELINE NOT TO SUSPEND
The information of some Russian media on alleged suspension of oil transportation through Novorossiysk route due to launch of the Baku-Tbilisi-Ceyhan oil pipeline has no grounds, press-service of the Azerbaijan State Oil Company said. BTC pipeline is being constructed for the Azeri-Chirag-Guneshli field oil in the Azerbaijani sector of the Caspian Sea, which is to be extracted by the international consortium. SOCAR exports oil through Novorossiysk route.
The State Company exports 2,5 million tons of oil per year through northern pipeline.
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