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World Bank set to finance criticised mega gas pipeline from Azerbaijan to Europe

SUMMARY World Bank set to fund Azerbaijan and Turkey part of Southern Gas Corridor to Europe Concerns raised over significant risks due to geopolitical context, fossil fuel dependency Defined as “the biggest infrastructure project of our times“ by the European Commission and a priority for the European Union, the Southern Gas Corridor was always going […]

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SOCAR names Azerbaijan’s investments volume in TANAP construction

Expenditures of the Southern Gas Corridor CJSC within the framework of the Trans Anatolian Natural Gas Pipeline (TANAP) construction project will exceed $6 billion, a senior official of the Azerbaijan’s state oil company SOCAR told Trend. “Expenditures of the Southern Gas Corridor CJSC, the main share in which belongs to the government of Azerbaijan will […]