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Tag Archives: Azerbaijan

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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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

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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