Rovnag Abdullayev, President of State Oil Company of Azerbaijan (SOCAR) has named the company, which is going to leave the European pipeline project Trans-Adriatic Pipeline (TAP), the last link of the Sothern Gas Corridor (SGC).
SOCAR President said in his last exclusive interview to private ANS TV channel: “Statoil has decided to fully leave TAP project and one company is ready to buy its share,” added Abdullayev.
“Several companies have already expressed interest in buying Statoil’s share. And I think it will be better if several companies buy this share,” said SOCAR President.
At the IV World Gas Congress on June 4, 2015 Carlo Malakarne, Executive Director of Italian Snam compay, said that Snam is going to buy 20% share in TAP project. Later he said that one of the companeis has expressed a desire to leave the project.—0—
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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