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Azerbaijan Offers to Buy Georgia-Armenia Gas Pipeline |
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BAKU. August 23, 2010: Azerbaijan is ready to offer $500 million for the North-South gas pipeline that carries Russian gas to Armenia via Georgia, said Vugar Bayramov, the President of the Azerbaijani Center for Economic and Social Development (CESD).
Bayramov said that it was difficult, at this moment, to speak about the actual amount of the proposed deal.
In 2006 Russia's main gas exporter Gazprom offered $250 million for the pipeline, though Georgia asked $1 billion. According to Mr. Bayramov Georgia wants to sell the pipeline at the highest price, but the $1 billion price is far more than the pipeline is really worth.
Georgia’s Energy Minister Alexander Khetaguri said on August 20 that the Georgian government was not going to sell the pipeline.
Earlier, the head of the Azerbaijani State Oil Company (SOCAR) Rovnag Abdullaev said Azerbaijan wanted to buy all the oil and gas pipelines Georgia had (CESD). |