Topaz Energy and Marine, which has a contract with BP, has bought two new vessels for maintain offshore platforms in the Azerbaijani sector of the Caspian Sea, reads information of the company posted on the official web site. The information says that total cost of the towboat and supply vessel – Caspian Challenger and Caspian Endeavour - is $100 million.
The vessels will be used within the framework of a long-term contract between Topaz Energy and Marine and BP, operator of the Azeri-Chirag-Guneshli (ACG) oil and gas fields and Shah-Deniz gas condensate field development in the Azerbaijani sector of the Caspian Sea.
At present 25 vessels of Topaz Energy and Marine operate in Azerbaijan’s waters. After acquisition of another supply vessel Caspian Voyager in quarter 2, 2014 total number of the vessels will reach 26.—0—
Economics
-
Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
-
The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
-
In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
-
Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
Leave a review