Schedule of Mutual Payments on Gas Operations Among Azerbaijani State Bodies Change

Oil&Gas Materials 30 May 2007 19:46 (UTC +04:00)

Azerbaijan, Baku / Trend corr. S.Aliyev / The schedule of mutual payments on gas operations among the State Bodies of Azerbaijan have been changed.

Alikhan Malikov, the president of the CSC Azerigas has stated during the meeting of the Caspian Integration Business Club that the State Oil Company of the Azerbaijan Republic SOCAR directly sells its own gas of OSC Azerenergy. Earlier SOCAR realized this operation via Azerigas.

The State Oil Company sells gas of OSC Azerigas at AZN 42 per 1,000 cu m.

However, Azerenergy paid low payments for Azerigas supplies and ran into debt for fuels delivered by SOCAR.