Azerbaijan doubts pipeline for Turkmen gas to be built soon

Azerbaijan doubts pipeline for Turkmen gas to be built soon Azerbaijan does not plan to invest in building a Transcaspian pipeline to pump gas from Turkmenistan to Europe and does not expect the link to be built soon although it supports the project, the energy minister said. The European Commission is in negotiations with Turkmenistan and Azerbaijan on the proposed pipeline, part of a planned series of links called the Southern Corridor that is designed to reduce European Union... Read More

SOCAR assets in 2011 make some AZN 17bn

SOCAR assets in 2011 make some AZN 17bn The assets of the State Oil Company of Azerbaijan made AZN 16,959 billion in 2011 against AZN 15,677 billion in 2010. The statement is contained in the consolidated report about SOCAR’s financial activity in 2011. The report on financial activity is prepared by Ernst&Young. The report notes that the current assets make AZN 4,929 billion and long-term assets AZN 12,030 billion. The founding capital of SOCAR made AZN 1,059, billion... Read More

CESD Monitoring Report of Construction of Central Asia’s major railway project involving Azerbaijan, Georgia, and Turkey

CESD Monitoring Report of Construction of Central Asia’s major railway project involving Azerbaijan, Georgia, and Turkey CESD Report Sparks Probe into Missing Millions This paper covers the construction and monitoring of the Baku Tbilisi Kars (BTK) railway. Throughout the process of monitoring, we encountered interesting facts that raise questions about the transparency of the construction project and that suggest that the process of selecting contractors, initial project costs,... Read More