Search for TANAP

26.02.2014 Azerbaijan sets up firm to manage Shah Deniz projects, pipelines

Azerbaijani President Ilham Aliyev has signed a decree on February 25 establishing a closed joint-stock company (CJSC) for effective management of projects within the second phase of Shah Deniz gas and condensate field's development, expansion of the South Caucasus Pipel

18.02.2014 TANAP pipeline open to Central Asian gas – SOCAR Turkey

The Trans-Anatolian pipeline (TANAP) project is open for Central Asian gas, the Caspian Strategic Institute (HASEN) quoted Deputy Head of SOCAR Turkey as saying on February 15, Azernews reported on February 17.

17.02.2014 Turkey’s gas demand to increase 60% by 2035 – BP Turkey

Turkey's gas demand will increase by 60 percent by 2035, president of BP Turkey, Bud Fackrell said at the conference held at the Caspian Strategic Institute (HASEN) on February 14, the institute said on February 15, according to a report from Trend.

20.12.2013 Azerbaijan State Oil Fund Investments to Exceed USD 34 Billion in 2014

The projected total cost (the average amount) of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) for 2014 was set at 27 billion mantas, Trend reported on December 20.

18.12.2013 Norway’s Statoil to Divest Share of Holdings in Azerbaijan’s Shah Deniz

Statoil also enters an agreement to divest a 10% share of its 25.5% holdings in Shah Deniz and the South Caucasus Pipeline, Statoil Press Office said on December 10.

17.12.2013 Investors Agree to Build Gas Corridor from Azerbaijan to Europe

Backers of Azerbaijan's Shah Deniz II gas project signed a final investment decision on December 17, a crucial move for the future of an alternative gas transit route to Europe as the continent tries to wean itself off Russian energy supplies.

17.12.2013 Hyundai Interested in SOCAR Projects in Azerbaijan and Abroad

President of Azerbaijan's state oil company SOCAR Rovnag Abdullayev met with Jung Soo-Hyun, President of Hyundai Engineering Construction Co. LTD of South Korea, Azernews reported on December 16.

The sides exchanged views on issues of mutual interest.

05.12.2013 Turkey to Simplify Taxation for TANAP Pipeline

The Trans-Anatolian pipeline (TANAP) project within the simplified oil and gas taxation system in Turkey will receive tax benefits, the Azerbaijani news agency Trend reported on December 5, citing the Sabah newspaper.

06.11.2013 Azerbaijan to Invest over $1bn in TANAP in 2014

Azerbaijan will funnel more than $1bn in the construction of Trans Anadolu Pipeline (TANAP) in 2014, the executive director of the state oil fund, Shamkhar Movsumov, said at parliamentary hearings on the draft state budget for 2014 on November 4.

30.10.2013 Azerbaijan Sets up Commission on Southern Gas Corridor

President of Azerbaijan Ilham Aliyev signed an order on the measures regarding transportation of Azerbaijani natural gas to the world market via Southern Gas Corridor on October 29, the news agency Trend reported on October 30.