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Azerbaijan ready to discuss trilateral oil swap supplies with Russia, Iran

Business Materials 19 September 2014 18:38 (UTC +04:00)
Azerbaijan is ready to consider participation possibility in the organization of the Iranian oil supply for Russia via the model of trilateral swap agreements
Azerbaijan ready to discuss trilateral oil swap supplies with Russia, Iran

Baku, Azerbaijan, Sept.19

By Emil Ismayilov - Trend:

Azerbaijan is ready to consider participation possibility in the organization of the Iranian oil supply for Russia via the model of trilateral swap agreements, ITAR-TASS reported Sept.18 with reference to the Azerbaijani ambassador to Russia Polad Bulbuloglu.

"We have already established links in the electricity sector. This is possible, but is not concrete yet," the diplomat said.

At present Azerbaijan provides swap gas supplies to Iran in order to provide the Nakhchivan Autonomous Republic (NAR) with gas. NAR is under siege because of the Armenian occupation of 20 percent of Azerbaijani lands.

Azerbaijan and Iran are connected by Gazi-Magomed-Astara-Bind-Biand pipeline with the length of 1,474.5 kilometers, including the territory of Azerbaijan - 296.5 kilometers. This route is a branch of the Gazakh-Astara-Iran pipeline, which was put into operation in 1971. Three compressor stations in Gazi-Magomed, Agdash and Gazakh were built on this road. Diameter of the pipeline is 1,200 mm.

SOCAR (State Oil Company of Azerbaijan) has been exporting gas to Russia under the contract with Gazprom signed in Baku October 14, 2009.

Azerbaijan also carries out electricity flows with the neighboring countries.

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