Middle East Economic Survey


No 12



Socar Aims To Sign Shah Deniz 2 Transit Agreement By End-2011

Rovnag Abdullayev, President of Azerbaijans state firm Socar, told a press conference in Baku on 16 March that a joint Azeri-Turkish negotiations team is working on the details of the purchase and transit agreement for Shah Deniz Phase 2 gas volumes that will be sold to Botas for transit via the Turkish gas grid to Europe. Mr Abdullayev said that the contracts will be...