The process of BP’s joining the trans-Anadolu gas pipeline (TANAP) will be completed in the near future, Gordon Birrell, BP-Azerbaijan President, told journalists at the end of last week.
Birrell expressed hope that the procedure of purchase-sale of share from the State Oil Company of Azerbaijan (SOCAR) will be completed till the end of this year. When the deal is closed, BP’s share in the project will constitute 12%.
TANAP project envisages gas transportation from the Azerbaijani Shah Deniz field to the European border through Turkey.
The initial carrying capacity of the pipeline will total 16 billion cub.m. of gas a year. In the future the pipeline could be expanded up to 31 billion cub.m. a year.
It is planned to put TANAP into operation in 2018. The project is estimated at $11.8 billion.
TANAP operator is SOCAR (70%), which since this year (Turkish BOTAS company is another project partner with 30% share) has been actively preparing for the construction scheduled for 2015.—0—
Economics
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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