EN
6 November 2009 - 14:13 AMT

Turkey to pay Azerbaijan money difference for gas

Turkey will pay Azerbaijan money difference accumulated over the past two years from gas sale at $ 120/1 cubic meter, said Büyük Türk Advisor to Turkish Ambassador in Azerbaijan.

Demand for receiving amount equal to international gas price (which is 3 times more) was made by Azeri President Ilham Aliyev. Thereafter Turkish Premier Erdogan expressed his country’s willingness to reimburse Azerbaijan. The difference makes up $ 1 billion 131 million.

“We’ll pay to the last penny,” Türk said, adding at the same time that Azerbaijani government has not returned loan to Turkish Eksimbank despite continuing negotiations over the issue.

“A delegation from Turkish Ministry of Finance will leave Azerbaijan for coordinating the issue. There are 654 Turkish-based Azerbaijani companies which earn money for Azeri nation after all. Azerbaijan sells row cotton to the world although Turkish investors might build textile plants in Azerbaijan to be able to export cloth. Turkish entrepreneurs can do that too, but it is necessary to create favorable economic conditions for that,” Novosti-Azerbaijan quotes advisor as saying.