VOL. XLIII

No. 28

10-July-2000

CASPIAN

Transneft Seeks $29.5Mn For Lost Crude Transport Revenues From Azerbaijan

Russias state-owned oil pipeline company Transneft is seeking $29.5mn in lost crude transportation revenues from Azerbaijan as a result of the latters failure to ship a previously agreed amount of oil through the Baku-Novorossysk pipeline. Transneft maintains that Azerbaijan has failed to honor an agreement signed in 1996 under which it was supposed to ship 2.3mn tons of crude through...