VOL. XLVII

No 07

16-February-2004

CASPIAN

Azerbaijan And Ukraine Slight Russia On Caspian Crude Transport

Azerbaijan has rejected a proposal put forward by Russia regarding the renewal of a crude transport agreement through the northern crude export pipeline that carries Azerbaijani crude to Russias Black Sea port of Novorossysk. Russia proposed that the State Oil Company of the Azerbaijan Republic (Socar) double its current shipments through the pipeline from 2.5mn tons/year (50,000 b/d) to 5mn...