Tag Archives: Azerbaijan

TANAP project will be completed and the TAP Trans-Adriatic gas pipeline will be completed in 2020. then supply of Azeri gas in Europe will begin.

The OPEC Joint Technical Committee was created to monitor the implementation of countries’ commitments to cut oil production.

The company is ready to supply gas turbine equipment with the capacity of 6. 15 and 25 MW for the needs of oil and gas companies of Azerbaijan and for regional power supply and power supply of factories.

There is a huge ground for cooperation in the energy sector between Iran and Azerbaijan to help boost the two nation'.s economic development.

Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate.

The reductions will be on the same terms as those agreed in November.

TAP’s shareholding is comprised of BP (20 percent). SOCAR (20 percent). Snam S.p.A. (20 percent). Fluxys (19 percent). Enagás (16 percent) and Axpo (5 percent).

In the newly signed contract. Azerbaijan’s share of the oil will be 75 per cent. and bonus payments by foreign investors will reach $3.6 billion.

Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.

Construction and assembly works on the new project. proposed by the plant. have been started to improve the process of separating oil products from industrial water.