Latest news

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


Ukraine and Azerbaijan sign an agreement on LNG cooperation

The Ukrainian and Azerbaijani governments have signed on Friday two documents: a memorandum which has the goal to organize the LNG supplies to Ukraine and a collaboration agreement in the domain of oil transportation through the territory of Ukraine.

read more... 31/01/2011


A gas export agreement to be signed between Azerbaijan and Iran

The Iranian Oil Minister Massoud Mirkazemi has arrived on Wednesday in the capital of Azerbaijan, Baku in an official visit to sign a long-term gas export deal with Azerbaijan.

read more... 13/01/2011


BP examines the possibility of drilling a new well in the Caspian Sea.

BP, the largest foreign investor in Azerbaijan which operates the technical aspects of the project on the development of the Shah Deniz gas field wants to build new production well in the Caspian Sea.

read more... 30/12/2010


Nabucco will make final investment decision by the end of 2011.

According to the spokesman of Nabucco, a supply contract with Azerbaijan should be finalized in 2011 as talks have intensified.

read more... 26/11/2010