Azerbaijani Energy Minister Announces Gas Export Forecasts

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.

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.

A joint communiqué was signed on September 16 by the energy ministers of the Turkic Council (TC) in Bishkek, the Azerbaijani Ministry of Energy reported. Azerbaijan's Energy Minister Parviz Shahbazov, along with his counterparts from Türkiye, Kazakhstan, Kyrgyzstan, and Uzbekistan, expressed support in the communiqué for the creation of a TC Energy Coordination Committee, a Regional Technology and "Green" Initiatives Center, and "green" energy corridor projects.