Azerbaijan to help Turkmenistan enter European Markets

Amid stagnation of the economies of the major global players such as Russia or China, the diversification of the economic partners becomes acute for their neighbors. Azerbaijan and Turkmenistan are well aware about this, as has proven another meeting of foreign ministers of the three countries, namely, Azerbaijan, Turkey and Turkmenistan on August 28. Just […]

SOCAR to build gas pipeline from Israel to Turkey

Turcas, a company owned by the State Oil Company of the Azerbaijan Republic (SOCAR), proposed construction of a gas pipeline from Israel to Turkey under the sea. The initiative was offered to Turkey by Matthew Bryza, US ex-Ambassador to Azerbaijan and currently a high-ranking SOCAR official. The project is worth $2.5 billion. Turcas plans to […]

TAP awards three pipeline equipment contracts

Trans Adriatic Pipeline AG (TAP) has awarded three contracts for the engineering, manufacturing and delivery of 48 in. and 36 in. fittings, isolating joints and scraper traps. This equipment will perform various key functions, and will be installed along the TAP route, in line with the project technical specification. Industria Meccanica Bassi S.p.A has been […]