SOCAR and Russia’s Transneft Company signed an agreement on transportation of Azerbaijani oil via Baku-Novorossiysk pipeline in 2018, Adnan Ahmadzade, Head of Marketing and Economic Operations Department at SOCAR, said.
According to him, this pipeline will transport 1.3-1.5 million tonnes of oil next year.
In 2017 the pipeline is planned to transport 1.3 million tonnes of Azerbaijani oil, he added.