Turkey promises to cover debts to Azerbaijan

  25 February 2013    Read: 648
Turkey promises to cover debts to Azerbaijan
Turkey will soon pay off to Azerbaijan the entire volume of gas supplied.
The statement came from Energy and Natural Resources Minister Taner Yildiz, according to Turkish media.

Turkey is to pay suppliers - Russia, Azerbaijan and Iran - a certain amount, regardless of the fact whether or not it needed the delivered volume of natural gas.

The minister said that Turkey has fully paid to Russia for the supplied gas and in the near future will pay off to Azerbaijan.

"Now we discuss this question with our Iranian partners," he said.

According to the agreement signed in August 1996 and is valid for 25 years, Turkey has to buy from Iran 10 billion cubic meters of gas a year.

Turkey has signed agreements on gas supplies on this principle also with Algeria and Nigeria, ships of which bring liquefied gas to Turkish ports.

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