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08.06.2011 13:32

We Are Reliable and Permanent Partners Of Azerbaijan

Geykhan Aydinoglu, Technical Director of Turkiye Petrolleri Anonim Ortakligi (TPAO):

- TPAO, the National Oil Company of Turkey specializes in large-scale foreign manufacturing associated with the oil industry. One of the companys major overseas branches is located in Azerbaijan. In this country we act as partners in the Azeri-Chirag-Guneshli, Shah Deniz and Alov projects. Since we are also large investors in the Azerbaijani economy it is natural that our participation in this event has been planned well in advance. While demonstrating our achievements at Caspian Oil & Gas 2011, we once again wish to draw the attention of visitors, clients and partners to important transportation projects in the sector. These projects include the Baku-Tbilisi-Ceyhan Oil Pipeline and the Baku-Tbilisi-Erzurum Gas Pipeline, in both of which TPAO is a very proactive partner. These pipelines serve as a foundation for the greater transportation of Azerbaijani oil and gas towards Europe, and are very important for the Southern Corridor, which is a priority energy project for the European Union.

On our stand visitors can see the diverse routes and sources of energy supplies that will improve the energy security of the EU. Today we have enthusiastically discussed contracts for the sale and purchase of Azerbaijani gas at a new price under the first phase of development of the Shah Deniz field in the Azerbaijani sector of the Caspian Sea. The procurement of gas under Phase 2 of development of the field has also been under discussion. According to the existing agreement between Azerbaijan and Turkey, the latter shall purchase 6.6 bcm of gas from the Shah Deniz field annually.

In its turn the transit agreement will allow Azerbaijan to sell gas directly to Europe via the territory of Turkey. Such exhibitions are important for arranging meetings between the interested parties. Turkey supports Azerbaijan in its aspiration to become not only a supplier-country, but a transit country for Europe as well. And in its turn the exhibition supports all our positive ideas, helping us to deliver them to thousands of interested specialists and potential investors.

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