Accessibility links

Breaking News

Russia: Chechnya Oil Talks Postponed

Grozny, 5 September 1997 (RFE/RL) -- Talks between Russia and its breakaway republic of Chechnya on reopening an oil pipeline to transport early Caspian oil have been postponed again. They are now scheduled to resume on Monday.

Khozh-Akhmed Yarikhanov, president of the Southern Oil Company, told Itar-Tass he had agreed on the postponement with the Russian Ministry of Power and Fuel.

The two sides are trying to agree on reconstruction of the stretch of the Baku-Grozny-Novorossiisk oil pipeline over the Chechen territory that would carry Caspian oil from Azerbaijan for shipping from Russia.

The two sides are reported to be still far apart on how much Russia will pay for rebuilding the portion of pipeline that was destroyed during fighting in Chechnya. They also disagree on the amount Russia should pay for transporting the oil over Chechen territory.