SOCAR did not start talks with the new companies on their involvement into the trans-Anadolu gas pipeline (TANAP) yet, Kenan Yavuz, SOCAR Turkey Enerji President, member of Board of Petkim petrochemical holding, said yesterday at a press conference within the framework of the III Caspian Forum.
SOCAR’s partners for the gas condensate Shah-Deniz field development have submitted their preliminary intentions concerning acquisition of share in the TANAP project. According to the preliminary information, the partners must distribute 29% share in TANAP as following: Statoil and BP will get 12% each and Total – 5%.
He said total investments into the project implementation will reach $8-10 billion.
One can understand from his words that exact investments into the TANAP Phase 1, which includes construction of1790-km-long 56 inch diameter pipeline with the carrying capacity of 16 billion cub.m, have not been defined yet. However, work on the feasibility study of the project started long time ago. In 2014 it is planned to start acquisition of land and invite the first tenders.
SOCAR plans to launch TANAP in 2018.—0-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review