Latest news

BP invested $33 billion in Azerbaijani energy fields

The British energy giant, BP has invested $33 billion in developing Shah Deniz and the Azeri-Chirag-Guneshli (ACG) field, which will involve as well the construction of the Baku-Tbilisi-Ceyhan and the South Caucasus pipelines.

read more... 04/11/2011


BP decreased daily oil and gas production in Azerbaijan

The oil giant, BP has cut its oil and gas production in Azerbaijan in the first semester of 2011, following a weaker demand over the summer time and an infrastructure improving program.

read more... 23/08/2011


Nabucco’s future dependent on Azerbaijan

In the article entitled “Nabucco Pipeline’s Fate Hinges on Azerbaijan”, published by The Wall Street Journal, the author relates that the fate of the Nabuccco pipeline, which will be able to carry 31 billion cubic feet per year of gas linking the Caspian to Austria by traversing the heart of Turkey proposed in 2002, may depend on Azerbaijan.

read more... 03/08/2011


Nabucco’s future decided by Azeri gas deliveries.

The chief executive of Austrian OMW, Wolfgang Ruttenstorfer reported to the Austrian newspaper, Kurier that the Nabucco gas pipeline project will be implemented only if the project partners will be able to secure big gas deliveries from Azerbaijan in the next months.

read more... 21/02/2011


EU considers fusion between Nabucco and ITGI gas pipeline projects

EU officials are interested in a fusion between Nabucco, a Turkey-Austria pipeline, and ITGI (Interconnector Turkey-Greece-Italy), two strategic gas projects in order to carry gas from Azerbaijan to Europe and to reduce the Russian dependence on gas supplies.

read more... 18/02/2011