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Russia: Moscow And Chechnya Sign Oil Deal

Moscow, 9 September 1997 (RFE/RL) -- Russian Fuel and Energy Minister Boris Nemtsov and the head of Chechnya's Southern Oil Company (YUNKO), Khodzh Akhmed Yarikhanov, have signed agreements on the transit of Caspian Sea oil through the breakaway Russian republic.

Itar-Tass says the two men signed a package of five agreements in Moscow today. The deal covers the restoration of sections of pipeline damaged in the fighting in Chechnya. It also covers security for the restored line. There are no details yet on the money figure agreed to by both sides.

Moscow and Grozny had long disagreed over the transit fees Moscow would have to pay for being allowed to use a key stretch of pipeline running through Chechnya.