Business & Economics

TAP Transports First 5 bcm of NATURAL Gas to Europe

The Trans Adriatic Pipeline (TAP) AG confirms that a total of 5 bcm of natural gas from Azerbaijan has now reached Europe via the interconnection point of Kipoi, at the Greek-Turkish border, where TAP connects to TANAP. Luca Schieppati, TAP Managing Director, said: “We are

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USAID to Continue Promoting Competitive Business Environment in Azerbaijan

USAID will also continue to promote a more competitive and favorable business environment in Azerbaijan, the USAID office in Azerbaijan told Trend. In this regard, USAID will also continue to work with the Azerbaijan Small and Medium Business Development Agency. USAID

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Increased by 25%: State Oil Fund Spoke About its Income

Revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli block and condensate from the Shah Deniz field in January-August 2021 amounted to $3 billion 618.178 million, which is 25.2% higher than

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Exclusive Interview With Mr Azer Quliyev, Chief Executive Officer, Siemens AG Osterreich Office in Azerbaijan.

Siemens, which has a 173-year-long history, built the first power station in the village of Galakand in Gadabay in 1883, thus laying the foundation of the Azerbaijani energy system. We would like you to tell our readers about the activities

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Azerbaijan Increases Natural Gas Exports

From January through July this year, gas exports to foreign countries from Azerbaijan as a whole exceeded 12.061 billion cubic meters, according to the report of the State Oil Company of Azerbaijan (SOCAR) on drilling, production, processing, and export indicators in the

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BP Deploys New Digital Tool in The Caspian

BP recently launched a three-dimensional (3D) visualization tool on the East Azeri and West Chirag platforms, commencing the first phase of the digital modelling of all its assets in the region,  The new tool allows to perform some of the

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Shusha Declaration: A New Strategic Stage in The Relations Between Azerbaijan and Turkey

Dr. Vugar Bayramov, Member of the Parliament of Azerbaijan The Shusha Declaration on Allied Relations signed between  President of Azerbaijan and President of Turkey is of historical significance for both countries. The document will deepen strategic cooperation between the two

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TAP Launches 2021 Market Test

TAP launched a new market test to allow natural gas shippers to express interest, and in a later phase, secure access to new, long-term capacity in TAP, thereby enabling the future expansion of the pipeline capacity. The market test will

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EU to Support Transition to Clean Energy in EAP Countries

The European Union (EU) will support energy transition in the Eastern Parnetship (EaP) countries, as it has launched the second phase of its EU4Energy program – “Promoting the Clean Energy Transition in the Eastern Partnership Countries: EU4Energy Phase II, Trend reports with

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Idea of Establishing Alat Free Economic Zone is Based on Our Policy – President Aliyev

“The idea of establishing the Alat Free Economic Zone is based on our policy. In particular, the work done to develop the non-oil sector in recent years has given an impetus to the establishment of this zone,” President Ilham Aliyev

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