Azerbaijani gas will be cheaper, than Iranian or Russian, said Kenan Yavuz, head of SOCAR Turkey Enerji, member of Board of Petkim petrochemical holding.
Yavuz told Turkish Haberturk newspaper that SOCAR invests capital in various and sometimes risky projects. He added that at the Turkish market SOCAR is involved in manufacture of petrochemical products. It plans to generate power at the Izmir power station, distribute fuel and natural gas and provide logistic and transport services. The company has bought media assets (newspaper and television) at the local market.
He said SOCAR plans to launch the trans-Anadolu pipeline (TANAP) in 2018. By that time the company’s investments into the Turkish projects will reach $17 billion.
SOCAR’s partners in development of the Shah-Deniz gas condensate field have submitted their preliminary intentions concerning purchase of the share in the TANAP project. According to the preliminary information, the partners are going to distribute 29% share in TANAP as following: Statoil and BP – 12% each and Total – 5%.—0—
Economics
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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