Azerbaijan, Russia Discuss Increasing Oil and Gas Exports

  
Oil and Gas Information Agency

Economic relations between Azerbaijan and Russia are progressing and trade turnover is increasing and the are real possibilities for achieving improvements in the future, Azeri Foreign Minister Elmar Mammadyarov said Monday in Moscow after talks with his Russian counterpart, Sergey Lavrov.

"We discussed the issue of pumping additional oil through the Baku-Novorossiysk pipeline as well as increasing gas deliveries. The Azerbaijan state oil and gas company (SOCAR) is negotiating with colleagues in Russia", Mammadyarov said.

The Azerbaijan gas sales contract to Russia (with an option for extension) was signed between SOCAR and Gazprom in Baku on October 14, 2009. Under an addendum to the contract signed in the beginning of September 2010, in 2011 Gazprom will get 2 billion cubic meters of gas and in 2012, over 2 billion cubic meters, Trend reports, citing the Rossiya 24 television channel.

Supplies of Azerbaijan gas to Russia began on January 1, 2010.

Source:
http://www.oilandgaseurasia.com/news/p/0/news/12124