Gazprom and SOCAR keen to strengthen partnership
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR) took place today as part of the St. Petersburg International Economic Forum 2014.
The parties addressed the current state and prospects for the cooperation development in the energy sector, paying special attention to the issue of Azerbaijani gas purchases by Gazprom.
The meeting participants were positive about the current cooperation between the two companies and confirmed their interest in strengthening the long-term partnership.
Background
The State Oil Company of the Azerbaijan Republic (SOCAR) is Azerbaijan's largest state-owned petroleum company focused on oil, natural gas and gas condensate exploration, production, processing, transportation and marketing.
In 2009 Gazprom and SOCAR signed the Sales and Purchase Contract for Azerbaijani natural gas. Azerbaijani gas has been supplied to Russia since January 1, 2010. In 2012 Gazprom and SOCAR signed an addendum to the effective Sales and Purchase Contract.
In 2013 Azerbaijan supplied Russia with 1.4 billion cubic meters of natural gas.
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