Half of the sum for the financing of its share in the project Southern Gas Corridor, which is $ 7 billion, Azerbaijan intends to attract as loans, said today the deputy head of SOCAR Investment Department Zaur Gahramanov.
According to him, the total cost of laying the pipe will be $ 45 billion, of which $ 14 billion falls on Azerbaijan. In this connection, negotiations are underway with the European Bank for Reconstruction and Development, the International Finance Corporation and the European Investment Bank.
Recall, the main components of the Southern Gas Corridor are Stage 2 of Shah Deniz project, the expansion of the South Caucasus Pipeline Baku-Georgia-border with Turkey, the construction of Trans-Anatolian gas pipeline (TANAP) from the eastern to the western border of Turkey and the Trans Adriatic Pipeline (TAP), linking Greece, Albania and the Adriatic Sea to southern Italy.
It is supposed to deliver 16 billion cubic meters of gas, of which 10 billion cubic meters are for Europe and 6 billion – for the western regions of Turkey. --17D-
Economics
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The weaknesses of strategic planning in the Azerbaijani land transport sector were revealed during a briefing on improving legislation, which was attended by representatives of the Azerbaijan Land Transport Agency (AYNA) and the Ministry of Digital Development and Transport.
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The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
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The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
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