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.