The State Oil Company of Azerbaijan, SOCAR, is going to sell gas on the Turkish retail market from next year, the president of SOCAR Rovnag Abdulaev stated on Saturday, Trend reports. According to him, Turkey agreed to purchase and retail 1.2 billion cubic metres of gas annually.
In the near future SOCAR and Turkish national pipeline company Botas will sign a contract on gas transfer by the Turkish company to SOCAR's Turkish branch and onwards, following sales on Turkey's internal market.
A memorandum on mutual understanding, signed by the ministries of industry and energy of Azerbaijan and of energy and mineral resources of Turkey, says that annually Botas will transfer 1.2 billion cubic metres of gas to SOCAR. Gas will be transported by the end of 2016. Moreover, Botas will transfer 2 billion cubic metres of gas to SOCAR for export to Syria and/or Bulgaria, and/or Greece.
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