SOFAZ considering properties in Europe and Southeast Asia for investment
24 July 2012 - 8:32pm
Dec 19 2014 - 20:24
SOCAR Turkey Enerji and Goldman Sachs have signed a deal on the sale of 30% of Petlim Limancılık A.Ş. for $250 million. Petkim owns 100% of its shares, Trend reports. Kenan Yavuz, a member of the board of Petkim, said that part of the shares may be put up for privatization. Initially, 25% of shares of Petlim Limancılık were planned to be privatized.
Dec 18 2014 - 17:26
During today's traditional press conference of Russian President Vladimir Putin, the head of state, responding to a question about the plans for gas exports in the conditions of rejection of "South Stream", spoke about the details of the planned pipeline to Turkey, that has become known informally as "Turkish Stream." According to Putin, there are no plans to make this pipeline a full replacement fo
Dec 18 2014 - 10:50
The Central Bank of Azerbaijan has reduced the basic rte of foreign currencies. The official rate on December 18 is 0.7844 manats per dollar. On December 4, the dollar was worth 0.7845 manats.
Dec 17 2014 - 20:05
Azerbaijani President Ilham Aliyev has met with BP Executive Director Robert Dudley today. They discussed cooperation between Azerbaijan and BP, realization of the Azeri-Chirag-Guneshli project, progress on the Shah Deniz Field, the Southern Gas Corridor. Aliyev and Dudley expressed hope for further cooperation between the State Oil Company of the Azerbaijan Republic (SOCAR) and BP, Trend reports.
Dec 15 2014 - 12:49
In the last two weeks Russian and Azerbaijani media have been flooded with information about discords between Moscow and Baku over the South Stream project, killed off by Russian President Vladimir Putin in Ankara. The information appeared right after Azerbaijani President Ilham Aliyev’s interview with Russia 24. Russian media have been offering informative and analytical articles about the disadvantage of Azerbaijan’s Southern Gas Corridor as an alternative to South Stream. Azerbaijani media have been casting doubts about the prospects of the new Russian project as inferior to the Trans-Anatolia Pipeline (TANAP) for delivery of gas to Europe.
Dec 15 2014 - 10:47
Dec 14 2014 - 13:57
Azerbaijani businesses won't suspend their operations in Ukraine despite the challenges the Ukrainian economy is facing, Director for Commerce of the Azerbaijani Consulting Group (ACG), Ruslan Abbasov, is quoted as saying by ABC.az.
Dec 13 2014 - 13:11
Azerbaijan to secure EU's energy safetyAfter the South Stream gas pipeline had been stopped Europe started to look for alternative gas routes. Among them are such projects as the South Gas Corridor (TANAP and TAP) intended to deliver Caspian oil to European countries. According to representative of the European Commission Luke Devigne, Azerbaijan plays an important role in securing Europe's energy safety. Azerbaijan is both producer and deliverer of crucial resources, he stressed. Moreover, the country is a very important trade partner to the European Union. Since the South Stream gas pipeline has been abandoned, Europe has started to look for alternative gas routes. Among them are such projects as the South Gas Corridor (TANAP and TAP) intended to deliver Caspian oil to European countries.