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A feasibility study currently underway on the Azerbaijan-Georgia-Romania Interconnector (AGRI) will be ready by September, Georgian Minister for Energy Alexander Khetaguri has said today. Speaking to reporters in Azerbaijan, the minister said the project put Georgia at the forefront of energy in...
Azerbaijani Minister of Industry and Energy Natiq Aliyev has said that Azerbaijan is in the perfect position to become a transit hub for European energy. "Azerbaijan's main advantage is its diversified network of pipelines and reliable transport infrastructure, which positions the country as a key energy...
President of the State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev has said that Azeri gas production is set to rise to between 50 and 55 billion cubic metres a year by 2025. Speaking to The Business Year Journal, Mr. Abdullayev also said that this year would be a deciding year for...
Ukrainian Prime Minister Mykola Azarov has said that his country is ready and open to participate in the Trans Anatolian pipeline project, in a financial and technical capacity. At a meeting with Turkish Deputy Prime Minister Ali Babacan today, the prime minister said that Ukraine wished to "both make...
The Turkish government expects to ratify a Memorandum of Understanding (MoU) signed with Azerbaijan later this week, an official has said. Speaking to the Trend news agency, a spokesperson from the Turkish Grand National Assembly said the deal, which was signed last December, will be ratified shortly.
The State Oil Company of Azerbaijan Republic (SOCAR) and Bulgarian Energy Holding (BEH) have today signed a Memorandum of Understanding (MoU) to cooperate on gas. The MoU will see increased supply of Azeri gas to Bulgaria, as well as cooperation on gas projects between the two. VP of SOCAR Khoshbakht...
The State Oil Company of Azerbaijan Republic (SOCAR) has said that it has begun work to replace a section of the Altiagac-Agsu pipeline after it exploded and caught fire three weeks ago. It expects the work to be completed by mid-May. The section of the pipeline had to be closed down on the 13th...
Turkmenistan is set to supply 10 billion cubic metres of gas through the Trans-Caspian pipeline, Azeri Energy Minister Natig Aliyev has said. Speaking in Baku yesterday, Minister Aliyev said that negotiations were now ongoing to work out the particulars of such a deal but that the present focus was...
Azeri Minister for Energy Natig Aliyev has said that BP is planning to expand the annual capacity of the South Caucasus pipeline to up to 37 billion cubic metres. The minister, who was speaking in the Azeri capital Baku today, said the capacity of pipeline would be increased to deal with the additional...
The second stage of the Shah Deniz project has been officially launched in Baku, Azerbaijan today, marking an "important milestone" for the project, operator BP said. BP made the announcement in a statement today following a meeting between Azeri president Ilham Aliyev and Group Chief Executive...