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Gazprom and SOCAR develop strategic relationship

Hosted a working meeting between CEO Gazprom and president of SOCAR

Office of SOCAR socar.az

Office of SOCAR

MOSCOW, December 27, /ITAR-TASS/. Russia’s gas producer Gazprom hosted a working meeting between its CEO Alexei Miller and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR).

Miller and Abdullayev discussed the status of cooperation in the energy sector, particularly focusing on the terms and conditions of natural gas supplies from Azerbaijan to Russia.

They also emphasised at the end of the meeting that the partnership between Gazprom and SOCAR served the interests of both companies.

The State Oil Company of the Azerbaijan Republic (SOCAR) is Azerbaijan’s largest state-owned petroleum company involved in oil, natural gas and gas condensate exploration, production, processing, transportation and marketing.

In October 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 January 2012 Gazprom and SOCAR signed an addendum to the effective Sales and Purchase Contract.

According to estimates, 1.37 billion cubic metres of Azerbaijani natural gas will be supplied to Russia in 2013.

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