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Tag Archives: Azerbaijan

Zhecho Stankov: Bulgaria Interested in Azerbaijani Gas

Zhecho Stankov: Bulgaria Interested in Azerbaijani Gas

Bulgaria is interested in early supplies of Azerbaijani gas, said Bulgarian Deputy Energy Minister Zhecho Stankov. Stankov made the remarks during the meeting with Azerbaijan’s Deputy Energy Ministers Gulmammad Javadov and Natig Abbasov. The Bulgarian official said that Azerbaijan is a reliable strategic partner of Bulgaria. During the meeting, the sides discussed …

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Port of Baku to Cooperate With Bulgarian Ports

Port of Baku to Cooperate With Bulgarian Ports

Azerbaijan and Bulgaria, which have well-established bilateral ties, may soon expand their cooperation to the sphere of port service operations. The Baku International Sea Trade Port (Port of Baku), the oldest and largest port on the Caspian Sea signed a memorandum of understanding with the Bulgarian Ports Infrastructure Company. The document, …

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BP Reveals Cost of Contracts on Azerbaijan’s Biggest Gas Project

Contracts worth about $18 billion have been signed so far within the second phase of the development of Azerbaijan’s Shah Deniz gas and condensate field and the expansion of the South Caucasus pipeline, said a message from BP, an operator of these projects. The company organized a press tour Sept. …

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Azerbaijan to Start Transportation via South-West Route Soon

Azerbaijan plans to send first two wagons with 90 tons of light petroleum distillate via the South-West transportation route soon, said the message from the country’s ADY Express company. ADY Express has already started test transportation via this route, according to the message. The company will send two test wagons …

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SOCAR Eyes Entering Bulgarian Oil Products Market

Azerbaijan’s state oil company SOCAR is interested in entering the Bulgarian oil products market, head of SOCAR Balkan Murad Heydarov told reporters. He noted that currently SOCAR is holding talks on the possibilities of benefiting from Bulgaria’s gas and oil products markets. “Such talks are underway. We believe this market …

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Gas Production at ACG Exceeds 124 Billion Cubic Meters

President of Azerbaijan’s State Oil Company (SOCAR) Rovnag Abdullayev has revealed the volume of production at Azeri-Chirag-Gunashli (ACG) block of oil and gas fields. In his article published in local state newspapers, Abdullayev said that 407 million tons of oil and 124.3 billion cubic meters of associated gas have been …

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IFC Studying Southern Gas Corridor Project

IFC Studying Southern Gas Corridor Project

International Finance Corporation (IFC) is studying the Southern Gas Corridor project, IFC representative in Azerbaijan Aliya Azimova told Trend Sept.9. She pointed out that this project is of great importance for the entire region. “We constantly follow the ongoing processes in this project and systematically connect with its main participants. …

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Depositors of Closed Azerbaijani Banks Get Over 226M Manats

Depositors of Closed Azerbaijani Banks Get Over 226M Manats

Azerbaijan Deposit Insurance Fund (ADIF) paid compensations worth over 226.04 million manats to depositors of Dekabank, Kredobank, Zaminbank, Parabank, Caucasus Development Bank, AtraBank, Bank of Azerbaijan, Ganjabank and Texnikabank, ADIF said in a message Aug. 31. Below is the list of closed banks and the volume of obtained compensations as …

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Ilham Aliyev: Azerbaijan, Georgia Linked by Projects in Transport, Energy Fields

Azerbaijan’s President Ilham Aliyev received Georgia’s Prime Minister Giorgi Kvirikashvili Aug. 31. “You have quite frequently been visiting Azerbaijan. Now you are visiting as a Prime Minister. I am very glad,” said the president. Ilham Aliyev expressed confidence that this visit will promote the strengthening of relations in the future. …

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ADY Express Transports Cargo via North-South Route

ADY Express Transports Cargo via North-South Route

ADY Express company has started to transport cargo via the North-South route, the Azerbaijan Railways CJSC said. “Despite there is no railway between Azerbaijan and Iran, ADY Express company has been already transporting cargo via this route,” the message said. “For example, compressed liquid gas (butadiene) was transported from Iran …

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Georgia, Azerbaijan to Enjoy Transport Corridor after BTK Commissioned

Georgia and Azerbaijan will have a favorable transport corridor after the Baku-Tbilisi-Kars railway is put into operation, said Georgian Foreign Minister Miikheil Janelidze. He made the statement at a joint press conference with his Azerbaijani counterpart Elmar Mammadyarov in Tbilisi Aug. 29. At the same time, Georgia and Azerbaijan play …

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