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    News.Az: Southern Corridor, South Stream not rivals

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Summary

SOCAR VP Elshad Nasirov says that sales negotiations with companies and countries have already commenced. He also highlighted that the "South Stream" and "Southern Corridor" are completely different projects and as such are not rivals. Azerbaijan is ready to consider any new projects with the European Union.

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News.Az: Southern Corridor, South Stream not rivals

Azerbaijan is ready to consider any new projects with the European Union in the petroleum sector.
 

The statement came from Vice-President of the State Oil Company of Azerbaijan (SOCAR) Elshad Nasirov in an interview with the Belgian weekly newspaper New Europe.

Commenting on whether Azerbaijan gives preference to one of the projects - Nabucco West pipeline or the Trans Adriatic Pipeline (TAP) - Nasirov said that some shareholders of the "Shah-Deniz» - SOCAR, Statoil, BP and Total - are involved in both projects of Nabucco West and TAP in order to make sure that all the calculations, all the analyzes of these projects were done correctly.

"Along with that, the whole process (implementation of the projects - Ed.) proceeds in accordance with the schedule, in late December, the shareholders of Shah Deniz decided to allocate funds for the full development of the Shah-Deniz-2 in 2013.

We have already started sales negotiations with the companies and countries that want to become potential buyers of the Caspian gas. We are planning to complete the negotiations by the end of March in order to analyze the transport costs and the net proceeds from the sale of gas to two groups of buyers of Nabucco West corridor and TAP”, the vice president said.  MORE


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