Middle East Economic Survey

VOL. LIV

No 44

31-Oct-2011

CASPIAN

Turkey, Azerbaijan Sign Landmark Transit Agreement

After protracted negotiations the commercial and regulatory parameters that will open up the Southern Gas Corridor were finalized between Turkey and Azerbaijan. The agreement took more than two years of negotiations following the signing of the Nabucco Intergovernmental Agreement in July 2009 and almost sixteen months from the signing of intergovernmental agreements on the Shah...