Gas distribution company to be set up

A marketing company will be set up to distribute gas, according to chief of the SOCAR foreign investments department Valeh Asgarov. The joint venture will be owned by SOCAR, Statoil, bp, LukAgip, TPAO, NIKO, and TFE, V. Asgarov said, declining to unveil an exact date for the establishment.

The company is necessitated by the Shahdaniz contracts signed on February 21.*