The resolution on construction of the trans-Adriatic pipeline (TAP) will be adopted till the end of 2013.
“TAP will adopt the resolution on construction a month before making a final investment decision on the Shah Deniz Phase 2. It is expected that this will happen till the end of this year,” said TAP press officer.
At the end of June 2013 the Shah-Deniz consortium selected TAP as its route for transportation of its gas to the European markets. Gas, which will be extracted from the Shah-Deniz Phase 2, will become the main source for TAP.—0—
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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