Middle East Economic Survey


No 51-52



Azerbaijan And Iran Sign Gas Supply Agreement

Azerbaijans state oil and gas company Socar and the National Iranian Gas Export Company (NIGEC) signed an agreement on 15 December for the supply up to 1 bcm/year of gas from Azerbaijan to northern Iran via an existing Soviet-era gas pipeline. The agreement was signed by NIGEC Managing Director Reza Kasaizadeh and Socar President Rovnag Abdullayev in Tehran, during a visit by a delegation...