Nabucco can offer unified transport conditions: Mitschek

Nabucco can offer unified transport conditions: Mitschek Nabucco gas pipeline project is the only project which can offer unified transport conditions from the eastern Turkish border to the Central Europe, Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek said in an interview with EurActiv. “That is what makes us unique and that is what the markets appreciate and the countries appreciate,” Mitschek said. Nabucco gas pipeline project is designed... Read More

Trans Anadolu pipeline to take Azeri gas to Europe via Turkey

Trans Anadolu pipeline to take Azeri gas to Europe via Turkey Azerbaijani natural gas is to be exported to Europe through Turkey by a new pipeline called Trans Anadolu, head of Azerbaijan’s state energy firm SOCAR Rovnag Abdullayev was quoted by Turkish news agency Anadolu as saying. Abdullayev told a Black Sea energy forum in Istanbul that Azerbaijan and Turkey have begun exploring the possibility of building the new pipeline, which will stretch from Turkey’s eastern border... Read More

New decline wave in Azerbaijan Economy

New decline wave in Azerbaijan Economy Official results of 10 months of 2011 is very pessimistic; 4 % decline in industry, 7,8 drop in oil GDP, 9,2 fall in oil production State Statistic Committee of Azerbaijan has publicized official statistics on economic outcomes of the first 10 months of 2011. There is noticeable decline in almost all economic figures in this period. Decline in the oil sector caused Azerbaijan’s 2011 economic growth to shrink to 0,2 percent in the... Read More