Construction of the Trans Anadolu gas pipeline (TANAP) has been accelerated in the central Turkish province of Yozgat, wrote Turkish Yozgat newspaper on Tuesday.
The pipes’ welding is already in progress in the province.
Yozgat is one of 20 Turkish provinces, through which TANAP gas pipeline will be laid.
TANAP gas pipeline worth $9.2 billion envisages gas export from the Caspian Shah Deniz field from the Georgian-Turkish border to the western border of Turkey. Gas will be pumped to Turkey in 2018 and it will be exported to Europe in 2020 as soon as construction of the Trans Adriatic gas pipeline (TAP) is completed.
TANAP shareholders include SOCAR with 58%, BOTAS – 30% and BP – 12%.—0—
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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