SOFAZ to finance TANAP construction

SOFAZ to finance TANAP construction State Oil Fund of Azerbaijan will invest funds in construction of Trans Anatolia Pipeline, said the SOFAZ Executive Director Shahmar Movsumov. According to him, SOFAZ’s presence in TANAP construction is being discussed: “This is very important project and it is not excluded usage of SOFAZ funds for this project. This issue is being discussed presently”, APA reports.  Read More

Nabucco is not a political project – Christian Dolezal

Nabucco is not a political project – Christian Dolezal Nabucco is a commercial project, but it is also supported politically, said the spokesman of Nabucco Gas Pipeline International GmbH consortium Christian Dolezal. Dolezal noted that, EU and EC support the project due to adaption of this project to total European energy safety: “Nabucco is a part of South Corridor covering Romania, Bulgaria and Hungary. This project will connect great Turkish market with European market. Along... Read More