The contract between the Azerbaijan Republic and the Russian Federation on transit of the Azerbaijani oil through the territory of the Russian Federation

of January 18, 1996

The Azerbaijan Republic and the Russian Federation which are hereinafter referred to as with the Parties, aiming at further strengthening of good-neighbourhood, wishing to develop bilateral mutually beneficial economic cooperation, recognizing the aspiration of the Azerbaijan Republic to develop reliable and effective ways of transportation of the Azerbaijani oil on the international markets, aiming to create favorable conditions for transportation of the Azerbaijani oil on the territory of the Azerbaijan Republic and its transit through the territory of the Russian Federation and considering Agreement provisions to the Energy Charter of December 17, 1994, agreed as follows:

Article 1

1. The parties cooperate for the purpose of creating favorable conditions for transit of the Azerbaijani oil on trunk oil pipeline through the territory of the Russian Federation and the contract performance concluded between the organizations authorized by them according to Article 6 of this Agreement.

2. The parties take all measures depending on them for the simplification of program implementation, projects and works necessary for ensuring transit of the Azerbaijani oil through the territory of the Russian Federation and the related acceptance, delivery, transportation, transfer, storage and loading of the Azerbaijani oil, including issue of the corresponding permissions without unreasonable delays and restrictions.

Article 2

According to Article 1 of this Agreement, but without limiting general sense of the specified Article, the Azerbaijani Side:

- guarantees delivery since December, 1996 of the corresponding amounts of the Azerbaijani oil, that amounts of the Azerbaijani oil which is handed over for transit through the territory to the Russian Federation will annually increase and will constitute at least 5 million tons per year in 2002;

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