Baku, Fineko/abc.az. The State Oil Company of Azerbaijan (SOCAR) continues drafting a package of agreements with Turkey on the basis of the memorandums signed in 2010 on the conditions of sale and transit of Azeri gas via this country’s territory.
Today in Baku SOCAR president Rovnag Abdullayev has informed that talks with BOTAS are underway.
“I hope that in the first half of 2011 we will sign the entire package, including a transit agreement and a sale and purchase agreement,” Abdullayev said.
Earlier conclusion of the above-listed agreements was expected until 1 April 2011. An investment decision on Stage 2 of Shah Deniz Project and gas pipeline Nabucco depends on them.
“In parallel, Turkey has started paying off arrears in payments for gas delivered within Stage 1 of Shah-Deniz Project. The $500 million debt sum was divided into 2 stages (by $250 million) and repayment on it has been started,” Abdullayev said.
27.12.2010 17:31
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- SOCAR to deliver 2 bn cu m of gas a year to Syria
- Daily production from Azerbaijan’s Shah Deniz gas condensate field rose up to 29 million cu m
- Since next January SOCAR to launch direct operations at Turkish gas market
- SOCAR: construction of gas pipeline in Nakhchivan through Turkish territory is not acute issue
- SOCAR plans to enter into a contract for direct operations at Turkish gas market until end of 2010
- An offer to turn ITGI into first stage of Nabucco Project made
- First billion of barrels of Azerbaijani oil transported through BTC
- Gazprom increases gas supply 2.25 to Turkey
- Gazprom increases gas supply twofold to Turkey
- Nabucco to be Arab pipe to Europe and will be sanctioned in 2011
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