Berlin Gives Loan for Gas Pipeline from Azerbaijan
Baku / 06.03.18 / Turan: To ensure gas supplies from Azerbaijan, the German government intends to provide a loan guarantee for a large loan of the Azerbaijani state enterprise (SOCAR) in a German bank.
This was announced on Tuesday, March 6, by the dpa agency with reference to a letter from the representative of the German Ministry of Finance, Jens Spahn, which he sent to the budget committee of the Bundestag.
The loan amount is 1.5 billion dollars (1.2 billion euros). "These gas supplies should make a significant contribution to providing gas supply to Europe and Germany," dpa quoted Spahn's letter.
The energy concern E.on signed a long-term contract with Azerbaijan in 2013 on deliveries of natural gas from the field on the Caspian Sea. The agreement provides for an annual receipt by the German company of 1.45 bcm of blue fuel in the period from 2020 to 2044. -02D-
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- Markets Review
- 6 March 2018 10:43
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- Economics
- 6 March 2018 11:32
Politics
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Azerbaijani President Ilham Aliyev called President of the United States Donald Trump on 25 November.
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Director of the Institute of Political Management, political scientist Azer Gasymly has been summoned to the Main Police Department of Baku at 16:00 today. He wrote about it in facebook.
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On Monday, the Baku Appeals Court considered the appeal of Talysh researcher Iqbal Abilov against the extension of his detention for another four months. The defense argued that the decision to extend Abilov's detention was unjustified, lawyer Fariz Namazly told reporters.
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