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Azerbaijan Ready to Ensure Gas Supply in Winter at Own Expense Head of SOCAR

Politics Materials 6 October 2006 12:18 (UTC +04:00)
Azerbaijan Ready to Ensure Gas Supply in Winter at Own Expense  Head of SOCAR

The President of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev, stated that even in absence of import gas at the expense of private resources reserved in winter period,Trend reports.

Azerbaijan is a power consuming company. The people consume energy in volumes. We could cut energy consumption by 50% if meters are installed everywhere and optimal energy consumption is provided. In this case we will not need in import of gas and electricity, SOCAR President underlined.

He noted that the SOCAR has definite interests in the purchase of Iranian gas. Talks on purchase of gas continue with Russia. We are also studying own gas resources. Azerbaijan has a chance of choice and the country will prefer the most advantageous variant, he indicated.

At present the SOCAR purchases gas from Gasexport at $110 per 1000 cu m. This year it is planned to acquire some 4.5 billion cu of fuel.

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