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Azerbaijan stops transit of oil through Russia

By Messenger Staff
Wednesday, December 11
The State Oil Company of the Azerbaijan Republic (SOCAR) decided that from February of 2014, it will re-direct oil transits form Russia to Georgia, Turkey and Europe. The Baku-Tbilisi-Ceyhan pipeline will be utilized. The main reason for this is the fact that the Baku-Novorossiysk pipeline was not used at its full capacity and the companies running the pipeline were receiving losses.