‘Transportation of oil via the Baku-Novorossiysk pipeline is not profitable

‘Transportation of oil via the Baku-Novorossiysk pipeline is not profitable’ Deputy Head, Head of Foreign Relations Department of the Azerbaijani Presidential Administration Novruz Mammadov has given an interview to 1news.az. In the interview, the official touched upon the termination of the agreement between Russia and Azerbaijan on the transit of Azerbaijani oil through Russia via the Baku-Novorossiysk pipeline. “Much has been written in the press, and,... Read More

Interest in Nabucco on rise after launch of open season registration

Interest in Nabucco on rise after launch of open season registration A week after the launch of the registration phase of the Open Season, shipper interest in registration and capacity booking in the Nabucco West pipeline has already exceeded expectations. Nabucco has received strong interest from variety of shippers, including potential shippers not part of Nabucco, the Shah Deniz consortium or its buyers. Reinhard Mitschek, CEO of NABUCCO Gas Pipeline International GmbH said:... Read More