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Russia and Azerbaijan Discuss Reverse Flows via Oil Link

OIL

Russia’s Deputy PM Alexander Novak and Azerbaijan’s Energy Minister discussed expanding oil link Baku-Tikhoretsk for reverse flows so that Russian crude could flow to Azerbaijan, according to Bloomberg.

  • Reverse oil supplies can reach up to 4m mtpa via the oil link, according to Interfax.
  • The proposal was made by Russia, with Azerbaijan currently considering it and yet to accept.

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