Gunnar Walter has been appointed a new Financial Director of the trans-Adriatic pipeline project (TAP), which will be used to export Azerbaijani gas to Europe, reads the statement released by TAP.
In January 2014 Walter has been appointed Senior Financial Manager of TAP. He has 13 years of experience in the gas infrastructure development projects.
Walter has worked earlier in Nord Stream project and German EIN Ruhrgas company. TAP envisages export of gas from the Shah Deniz Phase 2 project in Azerbaijan to the EU member-states.
About 870-km-long pipeline will be connected with trans-Anadolu gas pipeline (TANAP) on the Turkish-Greek border near Kipoy city, pass through Greece, Albania, Adriatic Sea and then south of Italy. The pipeline construction is expected to begin in 2016.
* TAP shareholders include BP – 20%, SOCAR – 20%, Statoil – 20%, Fluxys – 19%, Enagas – 16% and Axpo – 5%.—0—
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review