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SOCAR Foreign Investments Near $4.5B

As of January 1, 2017, Azerbaijan’s state oil company SOCAR invested almost $4.49 billion in projects abroad, a source in the company told Trend June 16. The greatest share of the company’s investments – $3.334 billion – accounted for projects in Turkey, according to the source. “As much as $414.5 …

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EIB Appraising TAP, TANAP Projects for Financing

The European Investment Bank (EIB) is currently appraising the Trans Adriatic Pipeline (TAP) and Trans Anatolian Natural Gas Pipeline (TANAP) projects and will carefully review all the relevant issues as part of its usual due diligence procedures, a source in EIB told Trend. “As for all the projects that it …

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Private Sector Business Organisations from Eastern Partnership Countries Demand Better Business Climate for SMEs

More than 100 business support organisations (BSOs) representatives from Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine and the EU Member States gathered in Kiev on June 21st  for the final conference of the EU funded East Invest project. Participants discussed private sector’s engagement in policymaking across the Eastern Partnership (EaP) countries …

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BTK Railway to Be Ready in August 2017

The Baku-Tbilisi-Kars (BTK) railway will be ready in August 2017, Ahmet Arslan, Turkey’s minister of transport, maritime affairs and communications, said, the country’s media outlets reported June 21. Arslan added that Turkey has almost completed construction of the BTK railway on the country’s territory, but the problem is that a …

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No Risk for SGC from Revival of South Stream: Expert

The revival of the Russian-initiated South Stream gas pipeline project poses no risk to the Southern Gas Corridor project, which envisages delivery of Azerbaijani gas to Europe, Charles Ellinas, CEO of Cyprus-based energy consultancy e-CNHC told Trend. “All agreements on the Southern Gas Corridor are in place, gas sales are …

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Roughly 11M tons of Azerbaijani Oil Transported via BTC

Roughly 2,237,140 tons of Azerbaijani oil was transported via the BTC main export pipeline in May 2017. Over 10 million tons of oil was transported via this pipeline in January-May. In general, more than 332 million tons of oil has been pumped to BTC since the start of pipeline exploitation …

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Malaysia Is The Cheapest Country In The World For Flights

Flight website Kiwi.com has released its second annual Flight Price Index, showing which countries in the world offer the most affordable flights as measured per 100km of travel. To calculate the rankings, it analysed over a million flights across 80 countries to find an average price of short-haul and long-haul …

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Why You Should Have (at Least) Two Careers

It’s not uncommon to meet a lawyer who’d like to work in renewable energy, or an app developer who’d like to write a novel, or an editor who fantasizes about becoming a landscape designer. Maybe you also dream about switching to a career that’s drastically different from your current job. …

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