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Azerbaijan, Iran Strike Gas Deal

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  • Azerbaijan, Iran Strike Gas Deal

    AZERBAIJAN, IRAN STRIKE GAS DEAL

    PanARMENIAN.Net
    12.11.2009 10:32 GMT+04:00

    /PanARMENIAN.Net/ The State Oil Company of Azerbaijan (SOCAR)
    and Iranian national gas company signed the memorandum on mutual
    understanding on Azerbaijani gas supplies to Iran beginning from 2010,
    SOCAR head Rovnag Abdullayev said, Trend News reported.

    The memorandum envisages supply of no less than 500 million cubic
    meters of gas annually with an opportunity to increase the amount. The
    volumes of supplied gas will depend on the state of gas infrastructure
    connecting countries at the initial stage.

    The contract on purchase-sale of gas is expected to be signed by late
    2009, Abdullayev said.

    Azerbaijan and Iran are connected with the Kazi-Magomed-Astara
    pipelinegas pipeline. Its length is 1474.5 kilometers, including
    the territory of Azerbaijan - 296.5 kilometers. Its capacity is 10
    billion cubic meters per year. This route is a branch of the pipeline
    Gazakh-Astara-Iran, put into operation in 1971. Three compressor
    stations in Kazi-Magomed, Agdash and Gazakh have been built. The gas
    transportation system is 55 atmospheres. Pipe diameter is 1,200 mm.
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