Today State Oil Company of Azerbaijan (SOCAR) and BP company will sign a commercial agreement on purchase-sale within the framework of the trans-Anadolu (TANAP) gas pipeline project, a source from BP Turkey company told Turan’s correspondent.
By having signed the document BP will become a full shareholder of TANAP Co company.
The same source said that BP TANAP Ltd company will legally represent British company in TANAP, which will have 12% share in the project.
BP Turkey representative told Turan that BP’s joining the TANAP has been agreed with the Turkish side. On December 13, 2013 the tripartite documents were between the Ministry of Energy and Natural Resources of Turkey, SOCAR (the project operator) and BP.
Since today the shares of the TANAP partners are distributed as following: SOCAR – 68%, BOTAS – 20% and BP-12%.—0—
Economics
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The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
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The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
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The monopolists of the Azerbaijani internet services market, LLC Aztelekom and LLC Baktelekom, have agreed to raise the minimum monthly internet package price from 18 AZN for 40 Mbps to 25 AZN for 100 Mbps starting August 15. Explaining the new price, these companies want to convince the public that the price has dropped since the internet speed will increase by 2.5 times, thus reducing the cost per Mbps from 45 qapik to 25 qapik. There is no information about the technical innovations in the company that will ensure high traffic speed.
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