77% of the preparatory work for starting the delivery of Azerbaijani gas in 2018 as part of the Stage 2 of the Shah Deniz field’s development has been completed, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell said. Gas will be delivered to Turkey in 2018 via the Trans-Anatolian Natural Gas Pipeline (TANAP)…
In December Azerbaijan will open the Baku railway station, Javid Gurbanov, chairman of Azerbijan Railways CJSC, said. Gurbanov added that ASAN service would be engaged in the sale of tickets at the station. “There will be a shopping center on the second floor of the station”, he added. “Upper floors will be leased for offices.…
Azerbaijan is among the countries that are interested in tenders for LNG supplies, Adnan Gilani, head of Pakistan LNG, a new state-owned company set up to manage procurement and supply of gas, informed. Pakistan plans to issue two international tenders for 750,000 tons per year of liquefied natural gas each in the coming month, he…
Azerbaijan can annually earn nearly $2.5 billion on cargo transportation, Chairman of Azerbaijan Railways CJSC Javid Gurbanov said. “If we can make 50 million tons of cargo annually pass through the territory of Azerbaijan we will annually receive $2.5 billion of revenues by earning nearly $50 per ton”, Gurbanov said. Years are needed for that,…
Azerbaijan’s state oil company SOCAR was focused on diversification of its investments even when the oil prices were high, and this strategy would ensure stability of the company’s revenues, President of SOCAR Rovnag Abdullayev said. “As a result of the right investment strategy, the value of SOCAR’s total assets increased from 9 billion manats to…
Azerbaijani state oil company SOCAR is not going to abandon the purchase of a share in the Greek gas operator DESFA, President of SOCAR Rovnag Abdullayev said. “We won the tender and we’re not going to abandon the deal [with DESFA]”, Abdullayev said. “We don’t talk about appealing to a court, but we will defend…
First Shah Deniz 2 platform jacket sail is an important milestone and great achievement, Shah Deniz 2 projects Vice President Ewan Drummond said. “The first jacket sail away is an important milestone and we are pleased to have achieved this as we move towards completion of other areas of the project”, Drummond said. “I take…