In 2014-2015 Turkey will repay its debt to Azerbaijan for gas on the basis of the “take or pay” contract, Anadolu agency quoted Turkish Minister of Energy and Natural Resources Taner Yildiz as saying.
He said the debt to Iran is also expected to be paid off.
“At present Turkey does not owe to Russia for gas deliveries,” Turkish Minister added.
Turkish Minister earlier said that Turkey has fulfilled its obligations on the “take or pay” gas contracts.
In September 2013 Turkish state pipeline company Botas said that it repair 186 million Lira to Azerbaijan within the framework of “take or pay” gas contracts.
Until the end of 2013 Turkey is going to terminate “take or pay” gas contracts with Azerbaijan and Iran.
In addition, Botas has paid Russia 1.4 billion Lira to Russia and 1.3 billion lira to Iran for the gas it has failed to buy.
In 1996 Iran and Turkey concluded the agreement to deliver 10 billion cub.m. of gas a year to Turkey (30 million cub.m. a day).
Turkey receives gas from the Azerbaijani gas condensate field Shah-Deniz via the South Caucasian gas pipeline (Baku-Tbilisi-Erzurum). According to the contract, Turkey must receive 6.6 billion cub.m. of gas from the Shah-Deniz Phase 1. Turkey will receive additional 6 billon cub.m. of gas from the Shah-Deniz Phase 2.—0---
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review