Azerbaijan, Baku, November 10 / Trend, E. Ismailov /
The conclusion of the package of gas accords between Azerbaijan and Turkey gives Azerbaijan excellent opportunities to play an important role in the provision of European energy security under the Southern Energy Corridor, President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev reported at a meeting with President of Norway's Statoil Helge Lund in Baku on Thursday.
At the meeting, Lund voiced the intention of him-led company to raise cooperation with the SOCAR up to strategic level, the SOCAR reported.
At the end of October, Azerbaijan and Turkey concluded a package of gas accords, which includes an agreement of Azerbaijani Shah Deniz gas export to Europe via Turkey, in the volume of 10 billion cubic meters per annum.
Total reserves of field Shah Deniz are estimated at 1.2 trillion cubic meters.
The Shah Deniz Production Sharing Agreement (PSA) was signed on June 4, 1996. The Shah Deniz shareholders are BP- 25.5 percent as operator, Statoil-25.5 percent, SOCAR-10 percent, NICO-10 percent, Total-10 percent, LUKoil-10 percent, and TPAO-9 percent.