IN RUSSIAN
News › Economy

Fire at Dagestani pipeline does not affect Azerbaijani gas supplies to Russia

18 May 2012 - 10:47am

The State Oil Company of the Azerbaijani Republic (SOCAR) said that the fire at the Mozdok-Kazimagomed Gas Pipeline in Dagestan has not affected Azerbaijani gas supplies to Russia, Trend reports.

Two districts in Dagestan’s Kizilyurt have experienced a gas shortage after a fire at the local gas pipeline.The fire started at the Mozdok-Kazimagomed Gas Pipeline in the Kizilyurtovsky District on Thursday night. It occurred at the 676th km of the 1200 mm diameter pipeline.

SOCAR and Gazprom signed a deal on purchase of Azerbaijani gas in Baku on October 14, 2009. A supplement to the contract was signed in Baku in early September 2010. Gazprom was to receive 2 billion cubic meters of gas in 2011 and even more in 2012. However, Russia did not receive the agreed gas volumes.

Russia signed an additional agreement to increase purchases of Azerbaijani gas from 1.5 billion cubic meters to 3 billion. The document was signed in Sochi on January 24, 2012.

Azerbaijan started supplying Russia with gas on January 1, 2010.

Read also

Azerbaijan proposes reversing Baku-Novorossiysk Pipeline
May 17 2013 - 14:08
 President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev will propose reversing the Baku-Novorossiysk Pipeline. Transneft (Russia) said that oil transfer through the pipeline will continue, despite expiration of the deal on transit of Azerbaijani oil.
SOCAR will continue oil transit via Baku-Novorossiysk pipeline if necessary
May 15 2013 - 16:17
The State Oil Company of Azerbaijan (SOCAR) will continue the transit of oil via the Baku-Novorossiysk pipeline if it is necessary, the head of the company, Rovnag Abdullayev, told reporters.
Russian-Azerbaijani deal for oil transfer expires
May 14 2013 - 11:19
 Russian Prime Minister Dmitry Medvedev signed the order on expiration of the Russian-Azerbaijani deal on oil transit of Azerbaijan through Russia using the Baku-Novorossiysk Pupeline.
Fomer Russian lawmaker praises Azerbaijani leader
May 12 2013 - 11:31
Former member of the Russian parliament and incumbent head of the Political Research Institute Sergey Markov has just visited Azerbaijan and praises the country's President Ilham Aliyev.
VTB Bank confirms transfer of assets to SOFAZ
Apr 29 2013 - 10:52
 VTB, Russia’s second largest holder of bank assets, said that SOFAZ (Azerbaijan), Qatar Holding LLC (QATAR) and Norges Bank Investment management (Norway) were invited with 102 billion rubles of investments, RIA Novosti reports.VTB announced additional emission of 2.5 trillion shares on April 26 at a cost of 0.041 rubles per share with a discount of 9%. Shareholders will make use of the benefits on May 6-17. Additional investments will reduce the government’s share in VTB from 75.5% to 60.93%. 
SOFAR to buy shares in Russia's VTB
Apr 28 2013 - 16:59
SOFAZ will be one of the shareholders of one of the largest Russian banks - VTB. Earlier it was reported that JP Morgan and Deutsche Bank won't be organizers of the IPO of the VTB. Assets of the State Oil Fund of Azerbaijan were $ 34.3 billion on April 1, 2013.
Gazprom and SOCAR both interested in purchasing DEPA
Apr 21 2013 - 10:44
Russian gas-producing giant Gazprom and the State Oil Company of Azerbaijan (SOCAR) are both interested in purchasing Greek gas deliverer DEPA. The auction has once again been postponed and is now scheduled for May 10th.
Volgograd to host Russian-Azerbaijani forum
Apr 16 2013 - 16:52
Volgograd is going to host the Russian-Azerbaijni forum in June. The cooperation agreement between Azerbaijan and the Volgograd region is going to be signed during the event. 

Archive