Socar International buys 10% stake in Petkim

Socar International buys 10% stake in Petkim Azerbaijan`s state oil firm, SOCAR has won a bid of Turkey`s Privatization Board to buy a 10% stake in petrochemicals maker Petkim. SOCAR purchased the stake for $168,500,000, AzerTAjreports. SOCAR`S Turkey unit owns a 51 percent majority stake in Petkim    Read More

Tariffs for internet services in Azerbaijan reduced

Tariffs for internet services in Azerbaijan reduced The ‘Baku Telephone Communication’ Production Unit of the Ministry of Communications and Information Technologies has reduced  tariffs for internet services rendered via the separate line. This information was provided to ‘ICTnews’ by the ‘Baku Telephone Communication’ PU. According to the information, the reductions were applied to tariffs for both “unlimited’ and ‘traffic’ internet packages. The new... Read More

SOCAR: “only one route will be selected for transportation of Azerbaijani gas to Europe”

SOCAR: “only one route will be selected for transportation of Azerbaijani gas to Europe” The transportation of not only Shahdeniz gas, but other gases will be taken into consideration during selection of route for transportation of Azerbaijani gas to Europe, said the President of State Oil Company of Azerbaijan Rovnag Abdullayev. According to him, for this reason, Azerbaijan’s gas extraction program for future will be main during the selection of export route. Note that,... Read More

Is Total join to TANAP?

Is Total join to TANAP? French energy major company Total may join Azerbaijan-Turkish Trans-Anatolian pipeline project (TANAP), which will transport Azerbaijani gas from the eastern border of Turkey to the country’s western border, Bloomberg reported with the reference to Total E&P Azerbaijan general manager Christian Giudicelli. According to Giudicelli, Total was invited to take part in TANAP. “We are evaluating the Tanap proposal very seriously,” Giudicelli... Read More

Turkey pays for Azeri gas with 35 % less than market price

Turkey pays for Azeri gas with 35 % less than market price Turkey pays only % 280 per thousand cubic meter (tcm) to Azeri gas which is 2/3 of market price said CESD sources at State Oil Company of Azerbaijan Republic (SOCAR).  Why SOCAR still officially denies publicly announcing what price Turkey currently pays for Azeri gas, although gas agreement between Azerbaijan and Turkey signed a half year ago, is the low price paid by Ankara- CESD sources added. CESD sources also confirmed... Read More

Azerbaijan’s foreign trade; Comparative Analysis

Azerbaijan’s foreign trade; Comparative Analysis The CESD report on Azerbaijan’s foreign trade analyzes challenges and current developments in this sector. The paper reviews how foreign trade relations changed particularly in terms of countries and commodities since the independency. Different sources are referenced in the report in order to comparatively illustrate existing circumstances in above mentioned sector. Download Full Paper Here    Read More

CESD Presented its policy brief in Brussels

CESD Presented its policy brief in Brussels Center for Economic and Social Development (CESD) presented its policy-brief on visa facilitation and readmission at PASOS no-Visa Seminar on March 27th, 2012 in Brussels with participation of representatives from European Comission, governments, international community and think tanks. Policy brief can be download here;Visa_Facilitation_Brief_CESD_March_26_2012 Presentation is also available at; Visa_Facilitation_Presentation_Brussels  Read More

Visa Liberalization Seminar to Launch in Brussels

Visa Liberalization Seminar to Launch in Brussels PASOS Seminar on Visa Liberalization will be launched in Brussels on March 27th, 2012.  The event will gather scholars and policy-makers  from different partner countries together under title of “Reaching the tipping-point of visa-free travel for Eastern Partnership countries”.  Vugar Bayramov, CESD Chairman, one of panelists will present visa facilitation and readmission negotiations between EU and Azerbaijan. Full... Read More

Is SOCAR investment effecient?

Is SOCAR investment effecient? Most of the funds received by Azerbaijan’s state energy firm Socar from the placement of Eurobonds in the amount of $500 million were spent to pay the assets in Switzerland, purchased from Exxon Mobil, a Socar official told the Baku-based Trend news agency. Socar signed an agreement with Exxon Mobil to acquire its Swiss branch, Esso Schweiz GmbH, in November 2011. The company will operate under the brand name Esso within 12 months after a change... Read More

Trans Adriatic Pipeline Manager; Good chances to win Shah Deniz bid

Trans Adriatic Pipeline Manager; Good chances to win Shah Deniz bid Trans Adriatic Pipeline (TAP) has very good chances to be the winner in Shah Deniz consortium`s route selection process, TAP Managing Director Kjetil Tungland said in an interview with Trend news agency in Baku. “I am confident that TAP will be selected as the final route to transport Azerbaijani gas to Europe,“ Tungland said. According to him, TAP has several advantages over the other proposed pipeline... Read More