Iraqi gas could be transported to Europe via the Trans Anadolu gas pipeline (TANAP), Turkish Star newspaper quoted Saltuk Duzyol, President of TANAP A.S. gas pipeline company, as saying.
He said the issue of Turkmen gas transportation via TANAP is under discussion.
Duzyol said earlier that over one third of TANAP was built in Turkey. He said welding has been completed on the 440-km-long section of TANAP.
He also said that the contracts have been signed to build the TANAP offshore section, which will pass through the Dardanelles bottom.
TANAP will export gas from the Azerbaijani Shah Deniz field from the Georgian-Turkish border to the western border of Turkey. Gas will reach Turkey in 2018 and after completion of TAP construction gas will be exported to Europe approximately in early 2020.
TANAP shareholders include SOCAR – 58%, Botas – 30% and BP – 12%.—0—
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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