Energy
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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.
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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.
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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.
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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.
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