Middle East Economic Survey
VOL. LIV
No 3
17-Jan-2011
IRAN
NIGC And Socar Sign Five-Year Gas Supply Agreement
Irans Minister of Petroleum Masoud Mirkazemi and Rovnag Abdullayev, president of Azeri state firm Socar, on 12 January signed a strategic gas supply agreement in Baku. The agreement will allow commercial exports of Azeri gas to Iran beginning on 1 February. It is independent of the 25-year swap deal signed in 2005, under which Iran imports around 365mn cu ms of Azri gas per year in...
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