Tag Archives: Socar

by in News

Albania, Montenegro Eye EU Funding for Gas Pipeline

Albania’s Energy Ministry on Friday presented a feasibility study for a 618-million-euros gas corridor between Albania, Bosnia and Croatia, which it hopes the EU and US will support. Albania’s Ministry of Energy on Friday in Tirana unveiled a preliminary feasibility study for a proposed Ionian-Adriatic gas pipeline, hoping the EU may fund construction of the […]

by in News

IAP project counts on EU, US support

The countries involved in the construction of the Ionian-Adriatic Pipeline (IAP), Albania, Montenegro, Bosnia and Herzegovina and Croatia count on the support of the European Union and the United States. The remarks were made during the meeting of the Project Management Unit for IAP project held in Tirana. Addressing the event, Albania’s Energy Minister Damian […]

by in News

World Bank Agrees $800 mln loan for Turkey, Azerbaijan gas pipeline

The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project late Tuesday, December 20, Anadolu Agency reports. The loans will be supplied through the World Bank’s subsidiary, the International Bank for Reconstruction and Development (IBRD). Turkey’s Petroleum Pipeline Corporation (BOTAS) will […]

by in News

SOCAR JOINS NEW ADRIATIC PIPE PROJECT

Four western Balkans nations signed a memorandum of understanding with Azerbaijan state Socar on co-operation on building the Ionian Adriatic pipeline (IAP) on the sidelines of a Dubrovnik forum 25-26 August. The declaration of intent to develop the 5bn m³/year line was originally signed in 2007 by Croatia, Montenegro and Albania. The length of the […]

by in News

Socar is running into problems concerning Desfa

Azerbaijan’s state energy company Socar is running into problems concerning its stake in Greece’s natural gas grid operator, Desfa, with the Greek parliament expected to vote imminently for a crucial change concerning the value of Desfa. As a result, Socar is expected to send a delegation of senior officials to hold talks in Athens this […]

by in News

Azerbaijan is knocking strongly on Europe’s doors..

Azerbaijan is enhancing its role in improving the energy security of Europe and strengthening its position in the European energy markets. Azerbaijan hosted the 23rd International Oil and Gas Exhibition titled “Caspian Oil and Gas 2016” from June 1-4, when more than 400 participants from 30 countries took part in the event held in Bakuunder […]

by in News

Time period for TAP construction revealed

Onshore construction activities within the Trans Adriaric Pipeline (TAP) project will commence in parallel in all the host countries during the summer of 2016, while offshore construction will take place in the winter of 2017/2018. The source said that TAP’s construction activities are progressing in line with the project schedule. “Following TAP’s construction inauguration ceremony […]

  • 1
  • 2