In January and February 2014 State Oil Company of Azerbaijan (SOCAR) will pump 170,000 tons of oil via the Baku-Novorossiysk pipeline, a source from SOCAR said.

“After that export of Azerbaijani oil via the pipeline will be suspended,” a source from SOCAR said.

During 2013 SOCAR exported 1,751,000 tons of oil via the Baku-Novorossiysk pipeline, down 313,000 tons against 2012.

Russian Transneft company said that the company has been working to temporary close down the Baku-Novorossiysk oil pipeline (Makhachkala-Baku) , because Azerbaijan did not initiate signing of a commercial agreement on the oil transit.

ANN.Az