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TAP, TANAP to Reduce Europe’s Dependence on Russia

tanap TAP

Construction of the Trans Adriatic Pipeline (TAP) and the Trans-Anatolian Natural Gas Pipeline (TANAP), through which Azerbaijani gas will go to Europe, will enable Greece and the countries of Southeast Europe to reduce dependence on Russian gas, president of the Hellenic Association for Energy Economics, professor Kostas Andriosopoulos said. He …

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Europeans Offer Iran to Work on Caspian Hydrocarbon

Companies from Norway, the Netherlands, and the United Kingdom have expressed willingness to work with Tehran on oil and gas projects in the Caspian Sea. They have requested a chance to explore the area and develop possible fields, regarding which a number of meetings have been held, Deputy CEO of …

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TAP Committed to Facilitating Links to Region Gas Infrastructure

TAP

The Trans Adriatic Pipeline (TAP) AG welcomes the signing of a Memorandum of Understanding (MoU) on the Ionian Adriatic Pipeline (IAP) by Albania, Bosnia and Herzegovina, Croatia, Montenegro and Azerbaijani state oil company SOCAR, TAP reported. Ian Bradshaw, Managing Director of TAP, said that the MoU enhances energy cooperation across …

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Big Banks Plan to Coin New Digital Currency

Big Banks Plan to Coin New Digital Currency

Four of the world’s biggest banks have teamed up to develop a new form of digital cash that they believe will become an industry standard to clear and settle financial trades over blockchain, the technology underpinning bitcoin. UBS, the Swiss bank, pioneered the “utility settlement coin” and has now joined …

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220 Hotels Shut Down as Occupancy Collapses in Tourist Areas

220 Hotels Shut Down as Occupancy Collapses in Tourist Areas

The number of closed hotels has increased nationwide during the current period, as the current tourism crisis continues. The number of closed facilities in all tourist areas registered 220 hotels so far, according to Ahmed Balbaa, chairperson of the tourism committee in the Egyptian Businessmen’s Association (EBA). Sharm El-Sheikh acquired …

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Italy Earthquake: Before and After Images Show Destruction

Italy Earthquake: Before and After Images Show Destruction

A strong earthquake has devastated a string of mountain towns and villages in central Italy, killing more than 240 people and leaving many unaccounted for. The 6.2 magnitude quake, which was followed by several aftershocks, struck at 03:36 (01:36 GMT) on Wednesday, 100km (65 miles) north-east of Rome. Worst affected …

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Possible Route for Iran oil to Europe Through Ukraine Revealed

PJSC Ukrtransnafta, an operator of Ukraine’s oil transportation system, spoke about the perspective route for the possible supply of Iranian oil to Europe through Ukrainian territory. “It is obvious that the perspective route for transit to Central and Eastern Europe through Ukraine can be oil supplies through Bosphorus to the …

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247 Dead in Italy Earthquake (UPDATING)

247 Dead in Italy Earthquake (UPDATING)

08:38 (GMT+4) At least 247 people died in Italy as a result of earthquake, RIA Novosti reported. 01:50 (GMT+4) Italy’s civil protection agency says death toll in earthquake rises to 159, Reuters reported. 21:29 (GMT+4) Italian Premier Matteo Renzi says the death toll from the quake that hit central Italy has risen to 120, AP reported. 20:33 …

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Iran Adds 532 mb of Oil, 522 bcm of Gas to its Reserves

Iran Adds 532 mb of Oil, 522 bcm of Gas to its Reserves

Iran added 532 million barrels (mb) of oil and 522 billion cubic meters (bcm) of gas to its extractible reserves since the beginning of Hassan Rouhani’s presidency in mid-2013, an Iranian official told Trend Aug.23 on condition of anonymity. “Currently the country’s recoverable proved oil and gas reserves stands at …

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Armenia’s Economic Activity Index Shows Record Decline

Armenia's Economic Activity Index Shows Record Decline

Armenia’s economic activity index decreased by 4.7 percent in July 2016 compared to the same period of 2015. This is a record figure, Aysor.am reported citing Haykakan Zhamanak newspaper. A decline in the country’s economic activity has not been observed yet in 2016, according to the newspaper. Just two weeks ago, Armenia’s …

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The New Mercedes-Maybach Is the 6-Meter-Long Car of Your Dreams

The New Mercedes-Maybach Is the 6-Meter-Long Car of Your Dreams

This sleek, superlong electric concept shows what Mercedes hopes for the future. Tonight in Carmel, Calif., Mercedes-Benz unveiled the latest of its Maybach line: the Vision Mercedes-Maybach 6. The gullwing 2+2 concept has a low, sleek hood, a massive touchscreen inside, and an all-electric powertrain. It’s meant to show what a …

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