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.