Azerbaijan Examines Export Strategy

"Azerbaijan has started drafting the country's export strategy, which will envisage multiple options for oil transportation," the president of the State Oil Company of the Azerbaijani Republic, Natiq Aliyev, told reporters.

Currently, Azerbaijani oil is delivered to world markets via the Baku-Novorossiysk and the Baku-Supsa pipelines. The tariffs for pumping one tonne of oil along these routes are 15.67 and 2.7 dollars respectively.

Commenting on oil export via the Baku-Novorossiysk oil pipeline, Natiq Aliyev said that Azerbaijan planned to review the volume of oil pumped along this route. This year 2.5m t of oil will be pumped along this route and an application for the export of this amount in 2005 has already been submitted.