The American company has received two service contracts in the framework of "Shahdeniz-2"
Two contracts worth $200 million awarded within the second stage of Azerbaijani Shah Deniz gas condensate field development, BP reported on October 1.
The contracts, which are for subsea flow-line coating and early subsea export line coating, have been awarded to Bredero Shaw International B.V. (USA, Texas), according to the report.
Coating will commence in late 2014, with initial deliveries of coated pipe being available for commencement of the first offshore pipeline installation campaign in 2015, and later deliveries for the second campaign in 2018.
On December 17, 2013, a final investment decision was made on the Stage 2 of the Shah Deniz offshore gas and condensate field's development. The gas produced at this field will first go to the European market (10 billion cubic meters). Around six billion cubic meters will be annually supplied to Turkey.
The gas to be produced as part of the Stage 2 of the field's development will be exported to Turkey and to the European markets by means of expanding the South Caucasus Pipeline and construction of the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).
Since the final investment decision last December the Shah Deniz 2 projects have made good progress. Most of the major engineering, construction and supply contracts, valued at some $9 billion, have been awarded and early works already started in most construction areas across Azerbaijan and Georgia.—12D--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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