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Tag Archives: Azerbaijan

TAP to Ensure More Sustainable Energy Future for Europe

TAP to Ensure More Sustainable Energy Future for Europe

The Trans Adriatic Pipeline (TAP) project, which envisages delivery of Azerbaijani gas to Europe, will ensure a more sustainable energy future for this continent, said the country manager of TAP AG consortium for Greece Rikard Scoufias. He pointed out South-Eastern Europe is a region that could benefit most from the …

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Kazakhstan Keen to Increase oil Transportation Through Azerbaijan

Kazakhstan Keen to Increase oil Transportation Through Azerbaijan

Kazakh national oil transportation company KazTransOil is conducting work to increase oil transportation through Azerbaijan via railway for further loading of the Batumi oil terminal on the Black Sea coast of Georgia, Kazakhstan’s Energy Ministry told Trend. The Batumi oil terminal is fully owned by KazTransOil. According to the ministry, …

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EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift

EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift

The European Bank for Reconstruction and Development is pushing ahead with plans to lend $500 million to Azerbaijan’s Southern Gas Corridor project after the nation was suspended from an international oil-wealth transparency watchdog. The development bank is “progressing” its financing to the $40 billion pipeline project with a final board decision expected …

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Georgian Ministry talks Purchase of Iranian Gas

Georgian Ministry talks Purchase of Iranian Gas

Delivery of gas from Iran to Georgia is theoretically possible, and there is necessary infrastructure for this, but such contracts were not concluded between state companies, Georgia’s Deputy Minister of Energy and Natural Resources Mariam Valishvili told Trend Apr. 24. “The Iranian side expresses its readiness to supply gas to …

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Commercial Gas Output to Reach 40 bcm in Azerbaijan

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The volume of commercial gas production in Azerbaijan will reach 40 billion cubic meters per year until 2025, said Nazim Samadzade, first deputy head of the Gas Export Department of Azerbaijan’s state oil company SOCAR. He made the remarks during the conference titled “The 2nd SOCAR International Caspian and Central …

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Georgia On My Mind – Where Beauty Meets Business

Georgia On My Mind - Where Beauty Meets Business

Georgia is a beautiful country, blessed with a favourable location at the crossroads between Western Asia and Eastern Europe. Bordering Armenia, Azerbaijan, Russia and Turkey and with access to the sea, Georgia has good transportation links with the entire region and beyond, and it enjoys a free trade agreement with …

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TransCaspian International Transport Corridor (TMTM) Efficiency Discussed in Kiev

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On April 11 chiefs of railway administrations of Kazakhstan, Ukraine, Azerbaijan and Georgia – Kanat Alpisbaev, Voitsekh Balchun, Javid Gurbanov and Mamuka Bakhtadze met with Vladimer Groissman, Prime Minister of Ukraine. At the meeting the parties discussed efficiency of TransCaspian International Transportation Route (TMTM). The parties stressed the TMTM importance …

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Georgia to Buy only Azerbaijani Gas

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In 2017 Georgia will not buy Russian gas and satisfy 96% of the domestic demand only by Azerbaijani gas. Minister of Energy Kakha Kaladze said that Agreement signed with Gazprom enables the country to buy Azerbaijani gas by the money raised from Russian natural gas transit to Armenia. “We also …

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Azerbaijan may Cancel Interest Rate Limit for Insured Deposits

Azerbaijan may Cancel Interest Rate Limit for Insured Deposits

Azerbaijan may cancel the uppermost limit of the interest rate for insured deposits of individuals, Azad Javadov, executive director of the Azerbaijan Deposit Insurance Fund (ADIF), told Trend. He said this can be done through expanding ADIF mandate and amending Azerbaijan’s legislation. The head of the Fund noted that these …

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