Turkey to ship 10bn cubic metres of Azerbaijani gas

Turkey to ship 10bn cubic metres of Azerbaijani gas A senior SOCAR official has briefly outlined agreements between Azerbaijan and Turkey on the purchase, sale and transit of gas. Elshad Nasirov, vice-president of state oil company SOCAR, said that under one agreement signed last week Turkey will purchase 6.6bn cubic metres of gas from Azerbaijan per annum, while under a framework agreement on gas transit 10bn cubic metres of Azerbaijani gas will be transported to Europe via... Read More

CESD: IMF’s Forecasts are more optimistic than reality in Azerbaijan

CESD: IMF’s Forecasts are more optimistic than reality in Azerbaijan The IMF mission has completed discussions with the government of Azerbaijan as part of annual consultations on article 4 of the IMF charter. By results of the news conference on Tuesday, the head of the IMF mission on Azerbaijan Nadim Ilahi told reporters that ‘from the very beginning of the current ‘oil boom’ Azerbaijan has been recording high economic growth rates, macroeconomic stability... Read More