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Turkey And Nakhichevan Agree On Constructing A Gas Pipeline

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  • Turkey And Nakhichevan Agree On Constructing A Gas Pipeline

    TURKEY AND NAKHICHEVAN AGREE ON CONSTRUCTING A GAS PIPELINE

    /PanARMENIAN.Net/
    10.08.2009 16:02 GMT+04:00

    /PanARMENIAN.Net/ Nakhichevan Autonomous Republic and Turkish region
    of Izmir and have signed a memorandum of understanding on constructing
    a gas pipeline.

    Two parties will also sign a memorandum on supplying 0.5 billion cubic
    meters of Azerbaijani gas to Igdir through the pipeline, said Turkish
    Energy and Natural Resources Minister Taner Yildiz. BOTAS Turkish
    company and the State Oil Company of Azerbaijan (SOCA) will conduct
    talks over the technical, commercial and legal details concerning
    the project. Company experts are to meet in Ankara this September.

    "Turkey and Azerbaijan have practically agreed upon the transit prices
    on gas. During the second phase of the program, the gas extracted from
    Shah Deniz will be delivered to Europe via Turkish territory. After
    resolving some technical problems, a large-scale document concerning
    certain details will be signed," "Novosti Azerbaijan" quotes SOCA
    President as saying.
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