The Trans Adriatic Pipeline (TAP) Consortium said that 14,000 pipes had already been delivered to Greece and Albania for the construction of the Trans Adriatic gas pipeline. This amount accounts for about 30% of all pipes that will be used for the pipeline’s construction. TAP project envisages transportation of gas from Azerbaijan’s Shah Deniz gas…
Twelve more entrepreneurs have received investment promotion documents worth a total of 106 million manats for their projects. The documents were handed to the entrepreneurs during the event organized by Azerbaijan’s Economy Ministry on July 29. Azerbaijan’s Deputy Economy Minister Niyazi Safarov said that despite the difficult economic situation in the world, Azerbaijan took systematic…
The Qatar Airways plane operating the flight from Tbilisi to Baku has been delayed for almost eight hours due to technical reasons, the Baku Heydar Aliyev International Airport said. The plane was due to take off from the Tbilisi International Airport at 13:40 (GMT+4 hours) and land at the Baku Heydar Aliyev International Airport at…
The consortium of Azerbaijani Shah Deniz gas and condensate field development produced 5.4 billion cubic meters in the first half of the year, Natural Gas Europe reported citing Azerbaijani top energy official. That figure indicates a 3.8% growth YoY. Daily production hit a new record above 30 million cubic meters. The current output was on…
The volume of trade turnover between Iran and Azerbaijan is estimated to surge by at least 80% over the current Iranian year (to end March 21), an Iranian trade official said. Considering the close diplomatic ties between Tehran and Baku and the existing plans for cooperation between the two neighboring countries, the level of trade…
The European Commission will allocate 3.5 million euros of financial aid for the project for construction of TANAP via which Azerbaijani gas will be delivered to Turkey and then to Europe, said the message from TANAP. These funds will be used to support commercial activities and the integrated facility management system. “The European Commission considered…
Azerbaijan plans to increase investments in Turkey up to $20 billion until 2018, said Azerbaijan’s Economy Minister Shahin Mustafayev. “Currently, the volume of Azerbaijani investments in Turkey totals $8 billion”, said Mustafayev. He also noted that Turkey had invested nearly $10 billion in Azerbaijan. More than 1,700 Azerbaijani companies operate in Turkey and the number…