Will TANAP replace Nabucco project?

Will TANAP replace Nabucco project? Azerbaijan-Turkish Trans Anatolian Pipeline (TANAP) with initial capacity of 16 billion cubic meters, can be expanded and replace the Nabucco project to transport natural gas only to the EU, Anadolu agency quotes the European Commission’s report sent to member countries’ partners on the energy sector. The European Commission said the EU needs a pipeline to transport Azerbaijani gas to Europe through the Turkish territory, and it... Read More

Azerbaijan undergoes economic losses due to the snowfall

Azerbaijan undergoes economic losses due to the snowfall For the last ten days the economy faced potential 240 million AZN lost Losses on trade turnover reverberated more through Tourism and Services sectors. CESD experts hold that, severe winter of 2012 has not solely affected public utilities and other services but also seriously deteriorated the country’s economy.  According to experts, the real sector production capacity has fallen by 20 percent and thus the economy of... Read More