British Petroleum (BP)

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Georgian Military Highway closed again

The Georgian Military Highway, a major route through the Caucasus between Georgia and Russia, has been closed again today at 8:00 MSK due to snowfall, the Ministry of Emergency Situations of North Ossetia reported.  Following the recommendations of Georgia’s Darial border checkpoint, traffic on the road section Vladikavkaz-Lars was suspended due to snowfall, worsening weather conditions and the impossibility of ensuring safe passage of motor vehicles. 

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Southern Gas Corridor Advisory Board meets in Baku

The Ministerial Advisory Council of the Southern Gas Corridor Project has been established on the instructions of Azerbaijani President Ilham Aliyev. The Ministry of Energy of Azerbaijan informs that the Advisory Board will hold its first meeting on 12 February in Baku.

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Ilham Aliyev talks about energy security in Munich

Ilham Aliyev talks about energy security in MunichBy Vestnik KavkazaA roundtable discussion on energy security dedicated to the subject "Strategies for diversification" has taken place at the Munich Security Conference.

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Turkic solidarity in energy economics

Who is interested in construction of a gas pipeline across the Caspian Sea? Experts point out the dynamic of development of relations between Russia, Turkey and Azerbaijan

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Professor Lutz Mez: "Prices for oil will rise, the peak of the American "shale bubble" is over

By Tageszeitung The long-term drop in oil prices is one of the main factors affecting the economies of Russia, Kazakhstan and Azerbaijan. The price is below $50 per barrel. Professor Lutz Mez, a German energy expert, a member of the Free University of Berlin, the founder of BC CARE, has shared his outlook on the situation. - Mr. Mez, we are undergoing a dramatic fall in oil prices, it has more than halved in the last few months. What is the reason?

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Roundup of 2014 for Azerbaijan

Escalations in Nagorno-Karabakh, tensions with West, partnership with Russia, the struggle for the European gas market, prevention of religious extremism, attempts to revamp relations with Tehran

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Azerbaijani president meets with BP executive director

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.

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BOTAS and BP Pipelines want to build TANAP

 BP Pipelines and the Turkish Pipeline Company BOTAS have appealed to the Turkish Antimonopoly Committee to buy shares in the Trans-Anatolian pipeline construction (TANAP).  

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Kakha Bendukidze: economist and reformer

Kakha Bendukidze, a notable Georgian businessman, considered the main architect of President Mikheil Saakashvili’s reforms, died last night. Politologist Iosif Tsiskarishvili called Bendukidze’s passing away a serious loss for the Georgian economic and scientific communities. The expert called him an educated, skilled economist and an active member of society.

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 BP will have joined the Trans-Anatolia Gas Pipeline (TANAP) by 2015, according to Vagif Aliyev, the head of investment management of the State Oil Company of the Azerbaijan Republic (SOCAR), Interfax reports.SOCAR owns 70% and Botas …

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The Rhum gas field, co-owned by British Petroleum (BP) and the National Iranian Oil Company (NIOC), will resume production after a four-year hiatus due to anti-Iran sanctions, a BP spokesman says, Iranian news agency Press TV reports on Saturday.

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