Chechnya shares responsibility in Baku - . Novorossiisk pipeline

Jul 29, 1997 02:00 AM

July 13, 1997 A tripartite agreement has been signed between Russia, Azerbaijan and Chechnya on transportation of Azeri oil through a pipeline on the route Baku-Grozny-Tikhoretsk-Novorossiisk, on May 11. According to the president of the Grozny-based YUNKO oil company Khozhakhmed Yarikhanov this can be described as an indirect recognition of the Chechen right to be an equal participant in a large international project together with Russia and Azerbaijan. But, "the document also puts huge responsibilities on the republic."
The YUNKO president assured that the Grozny authorities are able to ensure safety of restorations and functioning of the 153- km-long Chechen section of the oil pipeline. He said the restorations can be finalised within a few weeks. In the words of Yarikhanov, the pipeline will carry 200,000 tonnes of Azeri oil before the end of this year, and later 5 million tonnes of oil will be annually transported from Baku to Novorossiisk.
The tripartite agreement was signed by Russian First Deputy Prime Minister, Minister of Fuel and Energy Boris Nemtsov, head of the State Oil Company of Azerbaijan Natik Aliyev and head of the YUNKO company Khozhakhmed Yarikhanov. According to the document, YUNKO and its branches take part in transit of Azeri oil "on the basis of this agreement and economic agreements with the Transneft joint stock oil transporting company and its branches." The sides confirm their rights, obligations and responsibility which result from agreements on safe, stable and reliable transit of Azeri oil.

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