Latest news
Presidents of Turkey, Azerbaijan and Georgia inaugurated the Trans Anatolian Natural Gas Pipeline (TANAP)
TANAP started operations on June 12 at a grand inauguration ceremony.
read more... 13/06/2018
Norway's Equinor, SOCAR sign Caspian oil field deals
Norway's Equinor and Azerbaijani state oil company SOCAR signed a risk service agreement for the development of the Karabagh oil field in the Caspian Sea, Equinor said on Wednesday.
read more... 31/05/2018
BP ready to launch drilling operations of the first well in shallow waters of Absheron Peninsula
Vice-President for External Affairs of BP Company in Azerbaijan, Georgia and Turkey Bakhtiyar Aslanbeyli declared that BP Company intends to launch the drilling of the first well in promising structures in the shallow waters of Absheron Peninsula (SWAP) at the beginning of 2019.
read more... 07/05/2018
Iran wants to form common oil company with Azerbaijan
Iran wishes to create a joint oil firm together with Azerbaijan. Amir Hossein Zamaninia, the Islamic Republic’s Deputy Oil Minister for International and Commercial revealed that the company will be formed within the framework of an agreement recently inked between the two parties.
read more... 30/04/2018
EIB to offer 932-million-euro loan for Trans-Anatolian Pipeline
The European Investment Bank (EIB) Board decided to provide a loan estimated at EUR 932 million for the 1850 km Trans-Anatolian Pipeline (TANAP) to transport natural gas from Azerbaijan’s Shah Deniz-2 gas field to Europe.
read more... 16/03/2018