BP reports about developments around Shah Deniz – 2

BP reports about developments around Shah Deniz – 2 Major steps will be taken in the near future to ensure the supply of gas from the Shah Deniz 2 field to Turkey and its subsequent transport to Europe, the newly appointed representative of the British BP in Turkey Bud Fackrell, who is also responsible for the activities of BP Turkey in Azerbaijan and Georgia said, newspaper Milliyet wrote on Friday. This week, BP announced its preliminary engineering... Read More

SOCAR’s Assets Reached $ 22 Billion

SOCAR’s Assets Reached $ 22 Billion Assets of the State Oil Company of Azerbaijan (SOCAR) amount to 17 billion manat ($ 22 billion), SOCAR Vice-President on economic issues Suleyman Gasimov said during a forum on creating a new complex for oil and gas processing and petrochemical production in Azerbaijan on Wednesday. He said last year the company’s net profit amounted to 879 million manat. Transition to international financial reporting standards... Read More

EU’s position on South Corridor ‘not changed

EU’s position on South Corridor not changed The position of the European Union on the South Corridor has not changed and we want to open this corridor as soon as possible. Head of the EU Representation in Azerbaijan Roland Kobia told the statement to journalists,Gun.Az reported. He said that they didn’t wish any delays in that issue. “As for TANAP, we have seen no agreement yet but we hope that will issue will find its solution soon.... Read More

EU: Azeri gas decision will be made by the second half of year

EU: Azeri gas decision will be made by the second half of year The European Union’s Energy Commissioner Guenther Oettinger expects an agreement on gas deliveries to Europe from Azerbaijan to be reached in the next two to three months, Reuters reported. “There will be gas deliveries from Azerbaijan,” he said on Monday on the sidelines of an industry event, adding it was open whether the RWE-backed Nabucco consortium would be chosen... Read More

CESD Statement Approved; Azerbaijan doubled gas export to Russia

CESD Statement Approved; Azerbaijan doubled gas export to Russia Center for Economic and Social Development (CESD) reported in September, 2011 that gas export from Azerbaijan to Russia would be doubled early 2012. CESD received information from its sources in Azerbaijan Government about secret gas negations between two countries. That time CESD statement was broadly addressed by different mass-media institutes as well as international organizations... Read More