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Azerbaijan holds enough gas for Nabucco

Date: October 5^th 2009 Author: Valerija Hozjan Category: Articles
Topic: Natural gas , Oil and oil derivates

Azerbaijan has agreed to provide Romania with 7.3 billion cubic metres of natural gas for the Nabucco pipeline, which is nearly 25 per cent of the overall pipeline capacities. Yet their promise was made on condition that Nabucco is completed prior to its counterpart South Stream, Energetika.ba reports.

It was a few days earlier that the presidents of Romania and Azerbaijan, Trajan Basescu and Ilham Alijev, signed an agreement on strategic partnership between the two countries, envisaging the construction of Nabucco and the Pan European oil pipeline (PEOP) as well as that of the terminal of liquefied natural gas at Constanţa. On this occasion, President Alijev said that Azerbaijan held sufficient reserves of oil and gas to supply the European market.

FOTO: Ion Preasca

Romanian energy companies and Azerbaijani state-owned company SOCAR thus signed a memorandum on the supply of oil for the PEOP pipeline, while Azerbaijan also agreed to invest in the construction of the part of the respective oil pipeline crossing Romanian territory.

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