BP, operator of the Shah Deniz project, has become an equal shareholder of the trans-Anadolu pipeline (TANAP).
A source from TANAP A.S. company told Turan that this happened on April 16, 2015.
“Prior to that BP company has passed all the stages and signed all necessary juridical documents to join the project,” said the same source.
On March 12, 2015 TANAP A.S. and BP signed the shareholder agreement in Ankara, according to which British company has obtained the right to become TANAP shareholder.
At present BP already has 12% share in the gas pipeline project. Its partners are SOCAR with 58% share and Turkish BOTAS with 30% share.
Cost of TANAP project with the initial carrying capacity of 16 billion cub.m. is estimated at about $12 billion.—0—
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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