Latest news

Turkey could increase its share in TANAP project

Turkey has demanded to Azerbaijan to increase its share in Trans-Anatolian gas pipeline (TANAP), the head of Azerbaijan's state energy company SOCAR, Rovnag Abdullayev, said this week at a conference. Currently Turkey owns a 20% share in the project, while the rest of the shares belong to SOCAR of Azerbaijan.

read more... 12/12/2013


Azerbaijan inks major gas deals with European buyers

Azerbaijan inked yesterday major contracts to deliver European buyers with gas, offering them an alternative supply source to Russia.

read more... 20/09/2013


EIA: Caspian Sea could become Europe's preferred alternative for gas

The Caspian Sea region, which includes Russia, Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, and Iran, is one of the oldest oil producers. However, despite being a traditional oil producer, the Caspian area's importance as a natural gas producer is increasing rapidly.

read more... 17/09/2013


Rosneft and SOCAR to seal oil and gas cooperation deal

Russian crude oil giant, Rosneft on Tuesday sealed an oil and gas deal with Azerbaijan's state energy firm, SOCAR.

read more... 15/08/2013


TAP has won the tender to carry gas to Europe

The Shah Deniz II consortium has announced yesterday that it has made the choice and selected the Trans Adriatic Pipeline to carry gas to Europe, defeating the Nabucco West consortium. TAP is expected that will transport more than 20 billion cubic meters per year of natural gas from the Shah Deniz II field in Azerbaijan, through Greece and Albania to Italy and further into Western Europe. Nabucco West and TAP were the only two bidders in the project to transport the Azerbaijani gas.

read more... 27/06/2013