SOCAR

Ukrainian companies can take part in the construction and restoration of the city of Aghdam, as well as in the restoration of agriculture in the Karabakh region of Azerbaijan, deputy of the Verkhovna Rada (Parliament of Ukraine) of Ukraine, co-chairman of the Ukraine-Azerbaijan inter-parliamentary working group of friendship, Valeriy Kolyukh told Trend during his visit to Azerbaijan.

Between 12 October 2021 and 11 November 2021, Trans Adriatic Pipeline (TAP) AG is undertaking a public consultation on proposed revisions to the TAP Network Code, Trend reports with reference to TAP AG consortium.

The proposed amendments, the supporting rationale for those amendments and an estimated timeframe for implementation of those amendments are summarised in a Revision Proposal.

“bp” has decided to hold a 25 percent equity share in the Shallow Water Absheron Peninsula (SWAP - Shallow Water Absheron Peninsula) project in Azerbaijan with a belief that this will enable the company to evenly distribute its investment potential in Azerbaijan and to redeploy capital to other areas of its business in line with the company’s strategy, bp Azerbaijan stated.

Azerbaijan's State Oil Company (SOCAR) has signed an agreement on the right to export Rosneft's oil products to Ukraine, Poland, and the Baltic states, Russian media sources reported with the reference to the company’s Deputy Head of Public Relations Ibrahim Ahmadov.

The State Oil Company of Azerbaijan (SOCAR) will issue new bonds for the domestic market on September 20, 2021, taking into account numerous applications and a great demand for these securities from investors, SOCAR Capital LLC stated.

Petkim petrochemical complex of Azerbaijan’s state oil company SOCAR received the Best Business Investment Management award from International Finance magazine, Trend reports referring to SOCAR.

SOCAR Turkey has received two international financial awards.

Armenia will be supplied with natural gas from Russia, through the territory of Azerbaijan, this is a tremendous geostrategic move that connects, unlike any other time, the governments of Azerbaijan and Russia, Peter M. Tase, US expert, strategic adviser on international affairs and public diplomacy to governments, universities, and corporations in Europe and the Americas told Trend.

The fact that Azerbaijan is going to help Armenia maintain a steady supply of natural gas whether from Russia or anywhere else, is another sign of how positively and humanely Azerbaijan has behaved in the aftermath of the Second Karabakh War, former US ambassador to Azerbaijan Matthew Bryza told Trend.

Russian gas will be temporarily transported to Armenia through Azerbaijan due to the repair of the North Caucasus - Transcaucasia gas pipeline.

Kazakhstan’s KMG Drilling & Services and Azerbaijan’s Caspian Drilling Company signed an agreement on drilling wells with the Kazakh “Satti” jack-up rig in the Azerbaijani sector of the Caspian Sea, Trend reports citing the Kazakh Sovereign Wealth Fund, NWF Samruk-Kazyna JSC.

The Trans Adriatic Pipeline (TAP) will soon see the start of laying pipes on bottom of Adriatic Sea, "Trend.az" reports citing the TAP AG consortium.

Activities are in full swing on board the "Castoro Sei" pipe-laying barge of Italy’s "Saipem" company, which is the contractor of the project, said the consortium.

"This offshore "moving assembly line" with up to 340 people on board is welding pipes and will shortly start laying them on the bottom of the Adriatic Sea", reads a message.