Azerbaijan Attracts Syndicated Loan for TANAP

In two days, it will be 30 years since the signing of the "Contract of the Century" - the production sharing agreement (PSA) for the deepwater Caspian fields of "Azeri-Chirag-Guneshli". The contract was initially signed for 30 years. However, on September 14, 2017, it was extended until 2050. Production of the first oil began in early November 1997.

bp and “Apollo” have agreed on the acquisition of a non-controlling stake in bp Pipelines TAP Limited, which owns 20 percent of Trans Adriatic Pipeline AG (TAP). The deal is valued at one billion USD.

In 2024, Azerbaijan will export a total of 25 bcm of gas, with 9.8 bcm going to Türkiye, and 12.5 bcm to Europe,  the Azerbaijani Energy Minister Parviz Shahbazov   stated on September 16 during a meeting with colleagues from the Turkic States Organization.

The official Bishkek has proposed that Azerbaijan enter into a long-term contract for the supply and processing of crude oil, reported the Kyrgyz Ministry of Energy yesterday.