Turkish state-run pipeline company Botas will conduct talks with the European Investment Bank (EIB) and World Bank (WB) to borrow a total of $2 billion to fund its share in the Trans Anadolu pipeline (TANAP), Bloomberg agency reported yesterday quoting the sources familiar with the situation.
The same source reported that the talks have been coordinated with the Turkish Energy Ministry.
“It is expected that $1.07 billion will be allotted by EIB and another $1 billion by WB. The resources will be used to fund share of the Turkish company in TANAP. Both credits will be allotted for a long period, but their conditions are still under discussion. Possibly, the credits will be allotted against security of the state,” said the same source.—0—
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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