Azerbaijani President Ilham Aiyev said that the Azerbaijani side is not opposed to purchase of share of the Italian Snam S.p.A. group in the trans-Adriatic gas pipeline (TAP). Reuters reported that Ilham Aliyev said yesterday while answering questions of journalists at the International Exhibition Milan Expo.
“Why not? If other shareholders are going to sell their share, I do not see any problem here,” said President.
President Ilham Aliyev added that construction of the TAP will be completed in 2020.
Earlier Executive Director of the company Carlo Malakarne said in his intreview to Reuters that since June 2015 the company has started the evaluation works to buy 20% share in TAP.
TAP shareholders include BP (20%), SOCAR (20%), Statoil (20%), Fluxys (19%), Enagas (16%) and AXPO (5%). –0—
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review