Funding of the trans-Anadolu gas pipeline project (TANAP) is carried out at a normal pace, SOCAR President Rovnag Abdullayev told journalists.
He said SOCAR’s project partners – BOTAS and BP – have already started funding of their own share.
“TANAP is even implemented ahead of schedule. In the second half of 2018 Azerbaijani gas will reach Turkey,” said Abdullayev.
TANAP envisages gas transportation from the Azerbaijani Shah Deniz field from the Georgian-Turkish border to the western Turkish border. The initial capacity of the TANAP pipeline is expected to be 16 billion cub.m. of gas a year. About 6 billion cub.m. will be delivered to Turkey and the remaining volume to Europe.—0—
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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