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Azerigas transferred to SOCAR

7 July 2009 22:38 (UTC+04:00)
Azerbaijani President Ilham Aliyev has signed a decree to transfer the state-controlled gas supplier, Azerigas, to the subordination of the state energy firm SOCAR, state television channel AzTV reported.
The decision on the closed joint-stock company`s transfer aims to create a common management system in the country`s oil and gas sector.
The Cabinet of Ministers has been instructed to develop proposals on improving SOCAR`s bylaws and structure within a month and submit them to the president.

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