The attack on the Turkish section of the South Caucasus gas pipeline on the night of August 25 had no effect on the extraction of gas from the field "Shah Deniz" in the Caspian Sea. According to BP, after the completion of maintenance work on August 23, production has been restored and is gradually increasing. For a complete filling of the pipeline to the Turkish border (100 km to the Beach + 680 km) requires three to four days. However, if by that time the company BOTAS will not be able to restore the pipeline, then BP has the possibility not to stop gas production.
According to source in SOCAR, the State Oil Company in this case be able to take additional volumes of gas from the "Shah Deniz" field, and pumped into underground storage. "We have the technical capabilities for this," said the source.
On the night on August 25 near the Sarıkamış Kars province of Turkey (Eastern Anatolia) PKK rebels (PKK) blew up the gas pipeline Baku-Tbilisi-Erzurum. The gas supply was suspended.
Turan recalls that three weeks ago in the same place on the pipeline Baku-Tbilisi-Erzurum gas pipeline has already been attacked. It was a good chance that on August 2 the production platform in the field "Shah Deniz" was suspended due to maintenance works, and 7-8 hours before an explosion gas supply from the territory of Turkey was completely stopped. -12B-
Economics
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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