No. 42



Azerbaijan To Buy Russian Natural Gas For Winter Power

The State Oil Company of the Azerbaijan Republic (Socar) has signed two contracts for the purchase of 4.288BCMof Russian natural gas between the end of October 2000 and the end of December 2001. The first contract, with a joint venture between US-registered Itera and Germany's Debis, covers 2.644BCM, while the second, with the Russian firm Transnafta, is for 1.644BCM. A price of $48 per 1,000 cu ms has...