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