Azerbaijan could get a share in the Nabucco-West project, said Gerhard Roiss, Executive Director of Austrian OMV company.
He said the partners of the project should be changed for development of Nabucco-West project.
The Azerbaijan Centre for Oil Studies told Turan that judging by all, the Nabucco-West pipeline consortium is waiting for signing of the financial agreement with the main partners of the Shah-Deniz project, including BP, SOCAR and Total, which was recently signed with another pipeline consortium TAP. Such a development of events would have given the production companies a chance to transport their gas to the consumers in Europe.
According to the survey of Kommersant newspaper, costs for the pipeline design are not high and they usually total about $10 million. The questioned experts believe that final configuration of the project will depend on the situation at the gas market by mid-2013 and final decision on the pipeline route, which the partners of South Stream gas pipeline project should make. At present Gasprom company and its partners have been considering over five options of the pipeline construction.-0-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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