Until the end of this year over 150 m of the pipes of the Trans Anadolu (TANAP) gas pipeline will be welded, reported TANAP consortium.
State Oil Company of Azerbaijan (SOCAR) President Rovnag Abdullayev told journalists that over 50 km of the gas pipeline will be welded in 2015.
The consortium reported that after completion of construction TANAP will become the longest pipeline (1850 km) in Turkey, Europe and Near East with the diameter of 56 inches.
At present 5,500 people are involved in the TANAP project directly and 10,000 people indirectly.
At present the works are done on the sections where the pipes will be laid. The contractors have to lay the section 800 km long.
The engineering, deliveries and construction management works continue in London, Bombay, Ankara, Kars, Erzurum, Erzinjan, Sivas and Yozgat.
“Among the companies providing deliveries and engineering service there are international companies such as Baosteel Europe GmbH, Italian Sicim and Valvitalia, US General Electric Oil & Gas and ABB, Belgian Solar Turbines and German ILF.
The engineering and project management works will be done by the Australian Warley Parsons company and the primary engineering works by the British Bechtel company. The evaluation of impact on environment will be done by the Italian Golder Associates and British ERM company.—0—
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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