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
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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