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Tag Archives: Azerbaijan

Azerbaijan may Export up to 700 Million MW through Georgia

Azerbaijan may Export up to 700 Million MW through Georgia

Electricity export from Azerbaijan via the Azerbaijan-Georgia-Turkey energy bridge may reach 700 million megawatts, said Azerbaijani Energy Minister Natig Aliyev in his article published by the official press Oct. 20. “The work on the creation of the Azerbaijan-Georgia-Turkey energy bridge is continuing,” noted Natig Aliyev. “The project will allow integrating …

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Azerbaijan to Join Motor Races in Georgia

Azerbaijan to join motor races in Georgia [PHOTO]

Fans of extreme, the country’s oldest off-road club “4×4 Club” will join Rain Forest Challenge in Georgia. One of the world’s top 10 toughest motor races will take in Tbilisi from October 20 to 23, Trend Life reported. National team includes Emil Guliyev, Kamran Asadov, Musa Mustafaev and prize-winner of numerous competitions Azer Bunyadzade. Race …

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Georgia Sets Preferential Tariff on Kazakh Cargo Transit

Georgia Sets Preferential Tariff on Kazakh Cargo Transit

Georgia, Kazakhstan and Azerbaijan have reached agreement on preferential tariffs for Kazakh cargo transit in the TransCaspian corridor. The agreement was reached at the meeting of TransCaspian International Transport Route Coordination Committee in Astana. A part of Kazakh export cargo, including cereals, oil products and nonferrous metals will enjoy preferential tariffs …

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SOCAR May Put Up Joint Ventures’ Shares for Sale

SOCAR May Put Up Joint Ventures’ Shares for Sale

Azerbaijan’s state oil company SOCAR may put up for sale the shares of a number of its joint ventures, said SOCAR President Rovnag Abdullayev. He made the remarks Oct. 18 at a press conference dedicated to the beginning of the sale of bonds in the secondary market of Baku Stock …

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Azerbaijan Offers Uzbekistan to Benefit from BTK

Azerbaijan Offers Uzbekistan to Benefit from BTK

Azerbaijan has invited Uzbekistan to benefit from the Baku-Tbilisi-Kars railway project. Azerbaijan’s Foreign Minister Elmar Mammadyarov met with his Uzbek counterpart in Tashkent on October 17, Azerbaijan’s Foreign Ministry told Trend. During the meeting, Mammadyarov informed his counterpart about the restoration of the historical ‘Silk Road’ and the Baku-Tbilisi-Kars project, in particular, …

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Turkish Stream Not a Rival to TANAP

Turkish Stream Not a Rival to TANAP

Turkish Stream is not a rival to the Trans-Anatolian Gas Pipeline (TANAP), Saltuk Duzyol, head of TANAP consortium, said in an interview with TRT Haber on Oct. 13. He said TANAP has two contracts for gas transportation for a period of 15 years, which guarantees its stable income. “Turkish Stream …

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Azerbaijan Built 200 km of Railways Since 2016

Azerbaijan Built 200 km of Railways Since 2016

Azerbaijan Railways CJSC has built nearly 200 kilometers of railways since early 2016, Javid Gurbanov, head of Azerbaijan Railways CJSC, told reporters in Baku Oct. 13. He said that the construction and renovation of Azerbaijan’s railways continues. “On Oct. 12, we commissioned the updated production base for the construction of …

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SOCAR’s Bonds See Strong Demand

SOCAR's Bonds See Strong Demand

Bonds of Azerbaijan’s energy giant SOCAR, issued for the domestic market of the country enjoy high level of market uptake.   The demand for bonds, the nominal value of which is $1,000, has exceeded the supply twofold. Applications worth some $203,604 million were accepted by relevant institutes, while the total …

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Georgia Sets Preferential Tariff on Kazakh Cargo Transit

Georgia Sets Preferential Tariff on Kazakh Cargo Transit

Georgia, Kazakhstan and Azerbaijan have reached agreement on preferential tariffs for Kazakh cargo transit in the TransCaspian corridor. The agreement was reached at the meeting of TransCaspian International Transport Route Coordination Committee in Astana. A part of Kazakh export cargo, including cereals, oil products and nonferrous metals will enjoy preferential tariffs …

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Whether Georgian Products Overcome Azerbaijani Restrictions

Government of Azerbaijan has taken decision on increasing customs duties and restricting imports. The new decision will come into force soon and will be valid for two years. Government of Georgia assures that the decision will not affect Georgian products and exporters. Azerbaijani officials have confirmed that changes will not …

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How Important is North-South Corridor to Iran?

North South Corridor

Iranian Transport Minister Abbas Akhoundi has described North-South transportation corridor as the shortest overland route linking the Persian Gulf to the Europe. In the meantime, the 1,450 km long North-South corridor will connect the Mediterranean Sea to the Islamic Republic, he said, IRNA news agency reported. In the regional terms, …

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Azerbaijan, Kazakhstan Plan to Lay New Oil Pipeline

Azerbaijan, Kazakhstan Plan to Lay New Oil Pipeline

Azerbaijan and Kazakhstan are planning to lay new Eskene-Kuryk-Baku oil pipeline with a length of 739 kilometers, according to an article by Azerbaijan’s Energy Minister Natig Aliyev, published in the country’s official press Oct. 6. The minister said that Kazakhstan has huge proven reserves of hydrocarbons, which account for 5.5 …

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