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Tag Archives: Azerbaijan

Details of Turkey-Azerbaijan logistics Project

Details of Turkey-Azerbaijan logistics Project

The logistics center that is being built in Kars as part of the Baku-Tbilisi-Kars (BTK) railway project will be commissioned in October 2018, Turkey’s Ministry of Transport, Maritime and Communications told Trend Aug. 7. The project’s cost is estimated at about 94.3 million Turkish liras. According to the ministry, a …

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Silicon Island of the Caspian region: can we make it real?

Silicon Island of the Caspian region: can we make it real?

Azerbaijan, the cradle of the first democratic republic in Muslim world where women took off the veil for the first time in an Muslim majority country now has to prove to the rest of the world that it is no longer “a former Soviet republic”, but the nation the world …

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Azerbaijani Gas to be Priority for Georgia’s Future Imports – Minister

Azerbaijani Gas to be Priority for Georgia’s Future Imports – Minister

Azerbaijani gas will be taken into account at first for Georgia’s future imports, Georgia’s Energy Minister Ilia Eloshvili said in an exclusive interview with Trend. “To look at figures, in Georgia the gas demand accounted for 2.2 billion cubic meters in 2016 where SOCAR’s [Azerbaijani state oil company] share amounted …

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Iran-Azerbaijan Railway Cooperation to Work Out Soon

Iran-Azerbaijan Railway Cooperation to Work Out Soon

In the coming months, Iran and Azerbaijan are expected to launch transporting goods and cargos through the International North-South Transport Corridor, a grand project that will intricately interconnect Europe and Asia. Tehran and Baku are apparently making efforts to boom trade turnover, which surged by 78 percent to reach $221.2 …

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SOCAR Increases Share in its Georgian Subsidiary

SOCAR Increases Share in its Georgian Subsidiary

Azerbaijan’s state oil company SOCAR increased its share in the authorized capital of SOCAR Energy Georgia Ltd. (its Georgian subsidiary) from 51 percent to 67.34 percent, according to the SOCAR’s consolidated financial statements for 2016 audited by the London-based Ernst & Young company. SOCAR paid 58 million manats ($34 million) …

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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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