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State Oil Company of Azerbaijan (SOCAR)

State Oil Company of Azerbaijan (SOCAR)

Industry: 
Oil
Country: 
Azerbaijan
Sources: 

"The State Oil Company of Azerbaijan (SOCAR) delivered nearly 360 million cubic meters of gas to Iran within swap operations in Jan.-Nov. 2014, a source at SOCAR told Trend... The source said that the volume of gas deliveries to Iran will reach around 400 million cubic meters by late 2014. The volume of gas supplies to Iran will reach about 400 million cubic meters before the end of 2014, according to the source." (Trend, "SOCAR gas deliveries volume to Iran reaches 2013 year index," 12/12/2014)

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Azerbaijan will more than double gas supplies to Iran to 1 billion cubic metres per year under a five-year deal signed on Wednesday, Azeri state energy firm SOCAR said. SOCAR said it signed the deal with the National Iranian Gas Export Company (NIGEC), and that volumes would increase from 1 bcm in the first year (Reuters, "Azerbaijan to boost gas supplies to Iran," 1/12/2011).

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"Iran is in talks with Azerbaijan to finalize the long-term Azeri gas importation deal within the next three months, the managing director of National Iranian Gas Export Company (NIGEC) said on Wednesday. Seyed Reza Kasaeizadeh added that the deal will allow supplying about 5 million cubic meters of the Azerbaijani gas per day (about 1.8 billion cubic meters per year) to Iran." (Tehran Times, "Tehran, Baku to finalize gas deal in three months," 1/21/2010).

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"The Islamic Republic of Iran tends to import 5 billion cubic meters of natural gas from Azerbaijan, annually." (Moj News Agency, "Iran, Azerbaijan to Finalize Gas Deal," 9/16/2009)