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BP to Suspend Gas Output at Shah Deniz Platform in 2017

BP Azerbaijan company plans to suspend gas output at the Shah Deniz platform in 2017 due to technical-preventive, repair and adjustment work at the Sangachal terminal, Bakhtiyar Aslanbayli, communications, external affairs, strategy & region vice president at BP Azerbaijan, told reporters Dec. 1. In 2017, it is planned to carry …

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BTK Railway to Connect Azerbaijan to Europe

Turkey expects the first branch of the Baku-Tbilisi-Kars (BTK) railway to be commissioned in early 2017, Minister of Transport, Maritime Affairs and Communications of Turkey Ahmet Arslan said in an exclusive interview with Trend. He said that the second branch of the BTK railway will be commissioned during 2017. “The …

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Oil Prices fall on Doubts Over OPEC Production Cut

Oil Prices fall on Doubts Over OPEC Production Cut

Oil prices fell around 2 percent on Tuesday on signs leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply. The Organization of the Petroleum Exporting Countries will meet in Vienna on Wednesday aiming to implement an agreement outlined in September to cut output …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Oil extractiondown at the Azeri-Chirag-Gunashli oil field in 3Q16 In 3Q16, oil production was down 2.5% y/y to 622,359 barrels per day at the Azeri-Chirag-Gunashli (ACG) oil field, operated by the BP-led consortium, as operations at …

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EU And Eastern Partnership Countries Stepping up Cooperation on Innovation with the EU4Innovation Initiative

Commissioners Johannes Hahn and Carlos Moedas and EEAS Deputy Secretary General Jean-Christophe Belliard, launch the EU4Innovation initiative in Yerevan. Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations, Carlos Moedas, EU Commissioner for Research, Science and Innovation and Jean-Christophe Belliard, Deputy Secretary General of the European External Action Service …

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Chief of Turkey’s Beer Giant Anadolu Efes Resigns

Turkey’s largest beer maker Anadolu Efes has announced that Robin Michael Goetzsche, who has been serving as its president and CEO since November 2015, will be leaving his position as of Dec. 31. A statement to the Public Disclosure Platform (KAP) on Nov. 21 said Goetzsche will be leaving due …

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SOCAR Drilling New Well at Oldest Oil field in Caspian Sea

Azerbaijan’s state oil company SOCAR will additionally produce about 3,650 tons of oil annually, thanks to the commissioning of a new well that is being drilled at the Oil Rocks offshore field, SOCAR said in a message posted on its website Nov. 24. The well’s projected depth is 1,700 meters …

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Armenian Economy in Crisis Needs Rapid Change, New Premier Warns

Armenian Economy in Crisis Needs Rapid Change, New Premier Warns

Armenia’s new prime minister has what he believes is a vote-winning message before parliamentary elections in May: The economy’s in terrible shape and he’s the man to fix it. The impoverished ex-Soviet republic needs “profound change,’’ Karen Karapetyan, who took office in September, said in an interview in the capital, …

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USA, World and Georgia Waiting for Trump’s Decisions

donald-trump

In pre-election period nobody expected Donald Trump would carry the presidential elections. Even in December 2015 the Bloomberg appraised probability of Trump’s victory as Black Swan (negative event that is hard to forecast). All these evaluations and expectations remain in the past now. Donald Trump has become the US President. …

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New York Audience fascinated by “Ali and Nino” Movie

New York Audience fascinated by “Ali and Nino” Movie

Premiere of the feature film “Ali and Nino” based on the namesake world bestseller “Ali and Nino” novel by Gurban Said was held in New York. The premiere of the film, the project manager and executive producer of which is Leyla Aliyeva, vice-president of Heydar Aliyev Foundation, took place at …

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White House: SGC Provides new hope for Stability

White House: SGC Provides new hope for Stability

The Southern Gas Corridor provides new hope and opportunity for stability and prosperity, said the statement released on the website of the White House Nov.15. “As Greece moves forward on the path to economic recovery, the United States will advocate policies to promote and foster economic growth and further opportunities …

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