Ministry: Baku and Ankara implemented a project that Europe could not carry out for years
"TANAP, along with strengthening the political and economic ties between Ankara and Baku, is also an important project for Turkey in terms of energy security." According to APA-Economics, the head of the press service of the Turkish department Mehmet Ali Berber said this at a meeting with foreign journalists.
01:04 15 November
President: Azerbaijan’s financial situation is inaccessible for many countries
“Azerbaijan will continue to pursue regular policy for economic diversification. This policy yields results. Dependence on oil is decreasing today. However, we mustn’t forget that the oil and gas will be the driving force of our economy for long years. Non-oil sector, especially this year, was seriously reformed, and our export increased sharply. Outcomes of the nine months are positive. Agriculture, non-oil sector, non-oil industry are growing. Our currency reserves are increasing and must increase in the next years too. The currency reserves increased $4.5 billion in the nine months of 2017. While considering the low oil price, this is a great achievement. This achievement shows that our financial situation is stable. Azerbaijan’s financial situation is inaccessible for many countries. Our external debt is below 20% and currency reserves are equal to GDP. Therefore, the reforms in economic and regional development fields will be deepen and this will allow us to get more benefit from non-oil sector”, President of Azerbaijan Ilham Aliyev said at the solemn ceremony marking the 25th anniversary of the founding of the ruling New Azerbaijan Party, APA reported.
18:36 14 November
President: Azerbaijan’s investments abroad amount to billions of dollars
Azerbaijan is an example of how state and foreign investors should do business together, President of Azerbaijan Ilham Aliyev said at the solemn ceremony on production of 2 billionth ton of oil in Baku.
18:05 08 November
BOTAS intends to extend agreement on transportation of Azerbaijani gas to Turkey
The 15-year agreement on transportation of Shahdeniz 1 gas to Turkey might be extended.
13:37 03 November
President Ilham Aliyev receives delegation led by Italian Senate VP - UPDATED
President of the Republic of Azerbaijan Ilham Aliyev has received a delegation led by Vice President of the Italian Senate Linda Lanzillotta.
18:51 02 November
Azerbaijani, Montenegrin FMs meet in Baku - UPDATED
Azerbaiajn’s Foreign Minister Elmar Mammadyarov met with his Montenegrin counterpart Srdjan Darmanovic in Baku on Thursday.
14:42 02 November
TANAP to be tested at year-end
Earlier, the General Director of TANAP Saltuk Duzyol said that the natural gas will be pumped in the pipeline since the beginning of 2017.
14:27 01 November
SOCAR invested $100M in Petkim every year
SOCAR Turkey Energy has invested $12.6 billion in projects such as STAR Refinery, PEtkim Petrochemical Holding, Petlim, Petkim wind power station and TANAP since 2008.
12:44 01 November
Erdogan: Some bothered by delivery of Azerbaijani gas to Europe
Azerbaijani gas will be delivered to Europe, and some circles are bothered by this, said Turkish President Recep Tayyip Erdogan.
16:49 31 October
President: Azerbaijan’s investments in Turkey must reach $20B
According to him, Azerbaijan has invested $10 billion in Turkey so far and Turkey $11 billion in Azerbaijan: “These investments will increase. Azerbaijan’s investments in Turkey must reach $20 billion”.
15:57 31 October
EIB to allocate $1.3B for TANAP
According to him, the natural gas will be pumped in the pipeline from the next year: “The gas will be pumped in the system from the entry point on Turkey-Georgia border for testing”.
13:56 30 October
TANAP has crucial importance in terms of meeting rapidly increasing natural gas demand of Turkey – Erdogan
The Trans Anatolian Natural Gas Pipeline (TANAP) project, which is developed jointly by Turkey and Azerbaijan, is a strategic project of great importance for Europe’s energy security as well. I believe that the sides will mark the commissioning of TANAP in the near future, Turkey’s President Recep Tayyip Erdogan said in an interview with Trend, Azertac and APA.
12:05 30 October
EIB is one of potential financial partners in TANAP and TAP projects, says vice-president
TANAP and TAP are certainly important projects for Europe as well as for Azerbaijan and for the Eurasian space, Vice-President of the European Investment Bank Vazil Hudák told APA.
13:07 26 October
Azerbaijani, Italian FMs meet in Palermo
Azerbaijan’s Foreign Minister Elmar Mammadyarov met with Italy’s Minister of Foreign Affairs and International Cooperation Angelino Alfano within the framework OSCE Mediterranean conference taking place in Palermo, October 24-25, 2017.
13:05 25 October
Top official: PACE seems to have turned into tool in hands of certain circles
The Parliamentary Assembly of the Council of Europe (PACE) seems to have turned into a tool in the hands of certain circles, Novruz Mammadov, assistant to Azerbaijan’s president for foreign policy issues, head of department, said on Monday.
15:43 23 October
EBRD approves loan for TANAP
According to Ministry of Finance, the $500 million loan agreement was signed by the Afghan Isayev, Director-General of the Southern Gas Corridor Closed Joint Stock Company (CJSC) and Aida Sitdikova, EBRD Director for Energy and Natural Resources, Russia, Caucasus and Central Asia. The guarantee agreement was signed by Finance Minister Samir Sharifov and Aida Sitdikova.
18:52 20 October
Ilham Aliyev: Azerbaijan’s external debt less than 20% of GDP - UPDATED
Azerbaijan has passed a path of successful development in a short period, said Azerbaijan’s President Ilham Aliyev.
16:19 20 October
TAP to invest 800 million euros in Albania
FDI for the whole country is approximately 1.5 billion euros.
13:20 17 October
Ancient tombs unearthed during TANAP construction
According to Anadolu agency,
13:24 09 October
Minister: TANAP to be completed earlier than planned
According to him, the work continues at full speed: “I hope the project will be completed earlier than planned. TANAP is the joint project of Azerbaijan and Turkey. 80% of the project has been completed. Undoubtedly, Turkish section of the TANAP will be completed in the first quarter of 2018. TAP will be handed over in 2020. So we’ll witness delivery of Azerbaijani gas to Europe“.
13:40 06 October