Bank Of Baku

Head of National Iranian Gas Export Company arrives in Baku

Head of National Iranian Gas Export Company arrives in Baku
# 11 January 2010 16:50 (UTC +04:00)
According to him, Reza Kasaeizadeh will have negotiations on the transportation of Azeri gas to Iran, gas price and other issues of mutual concern.

The State Oil Co. of Azerbaijan Republic and the National Iranian Gas Export Co. signed an early agreement for Azeri gas supplies to northern Iran in December.

Iran strives to secure more than ten billion cubic meters of natural gas from Azerbaijan.

Azerbaijan also pumps natural gas to its Nakhchivan autonomous republic via Iran.

Both countries sit on some of the richest gas reserves in the world. Due to international sanctions, Iran lacks some of the infrastructure it needs to make full use of its gas, however.


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