Botas pays compensation to Azerbaijan for gas

Botas pays compensation to Azerbaijan for gas The Turkish state pipeline company Botas paid Azerbaijan 186 million liras as part of its obligation on gas agreements signed on a ‘take or pay’ principle, Samanyoluhaber reports on Tuesday, citing sources in the Ministry of Energy and Natural Resources. Botas also paid 1.4 billion liras for unwithdrawn gas to Russia, and 1.3 billion liras to Iran. In 2011, the Turkish State Pipeline Company... 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,... Read More

OPEC revises up forecasts on Azeri oil output

OPEC revises up forecasts on Azeri oil output Azerbaijan`s average oil production will increase by 20,000 barrels per day to 0.97 million bpd in 2012, OPEC said in its June oil market report, an upward revision of 10,000 bpd from the previous month`s forecasts. The revision is the result of updated production data in the first quarter, as well as adjustments to the rest of the year, OPEC said. The oil cartel forecasts that Azerbaijan`s oil production... Read More

SOCAR Oil Export Declined by 7 % in the first quarter of 2012

SOCAR Oil Export Declined by 7 % in the first quarter of 2012 The State Oil Company of Azerbaijan exported 5,2 million tonnes of oil via all routes including Baku-Novorossiysk, BTC and Baku-Supsa pipelines in the first quarter of 2012 which is 7,2  % lower than compare with the same period last year. SOCAR exported 5,6 million tonnes in the first three months of 2011 . Sources at the SOCAR mentioned that Baku-Novorossiysk exported 496,8 thousand... Read More

Azerbaijan takes every effort for implementation of TAP

Azerbaijan takes every effort for implementation of TAP – Turkish Premier Azerbaijan is doing everything possible for the implementation of the Transadriatic gas pipeline. The statement came from Turkish Premier Recep Tayyip Erdogan by results of the meeting with his Albanian counterpart Sali Berisha in Ankara. According to Turkish mass media, the premier said that Turkey also supports this project. “As is known, gas via Turkey goes to Georgia... 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... Read More

New Trans-Caspian Project?

New Trans-Caspian Project? Azerbaijan, Turkmenistan and the European Union are drafting two documents that will allow to deliver Caspian and in particular Turkmen gas to Europe, Azerbaijani Energy Minister Natig Aliyev said on Wednesday. According to him, the two resource-rich Caspian littoral states and the EU are expected to complete the preparation of a political document to support the Southern Gas Corridor of pipelines, as well as an inter-governmental... Read More

Nabucco consortium continues supporting project’s original conception

Nabucco consortium continues supporting project’s original conception Nabucco consortium continues supporting the project’s original conception, which envisages the construction of the pipeline from Turkey’s eastern borders to Austrian Baumgarten, Reinhard Mitschek, Managing Director, Nabucco Gas Pipeline International told Trend. “The Nabucco concept, whereby the pipeline travels from the Eastern borders of Turkey to Baumgarten... Read More

Will TANAP replace Nabucco project?

Will TANAP replace Nabucco project? Azerbaijan-Turkish Trans Anatolian Pipeline (TANAP) with initial capacity of 16 billion cubic meters, can be expanded and replace the Nabucco project to transport natural gas only to the EU, Anadolu agency quotes the European Commission’s report sent to member countries’ partners on the energy sector. The European Commission said the EU needs a pipeline to transport Azerbaijani gas to Europe through... Read More

Field glitch halts Shahdaniz gas exports

Field glitch halts Shahdaniz gas exports Azerbaijan stopped shipping gas to Turkey from its giant Shahdaniz gas field in the Caspian Sea, where production was halted on Monday because of a glitch during maintenance works, a spokeswoman for the field operator said on February, 09, 2012. “Shahdaniz gas field was completely shut last night during planned repair works on the platform’s electricity supply system,” BP Azerbaijan spokeswoman... Read More

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