77% of the preparations for the supply of the first Azerbaijani gas within the second stage of the gas condensate field development project Shah Deniz in 2018 are ready, the Regional President of BP for Azerbaijan, Georgia and Turkey, Gordon Birrell told reporters.
As part of the pre-drilling, 10 pre-drilling wells were drilled.
‘We have already established three of the four reinforcement systems for subsea manifolds. In addition, the construction of the vessel Khankendi is being completed and in the second quarter of 2017 it will be released into the sea for the installation of manifolds,’ he said.
‘The gas in the second half of 2018 will be delivered to Turkey through the pipeline Trans-Anatolian (TANAP), and by 2020 - to Europe via TAP,’ Birrell said. -12B--
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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