American oil company ExxonMobil became a shareholder of BTC Co., which manages the Baku-Tbilisi-Ceyhan oil pipeline, reads BP's report on the results of activities in Azerbaijan in 2017. ExxonMobil acquired 2.5 percent of BTC shares from CIECO.
Archives for Azerbaijan
A new company will be created for implementation of the Ionian Adriatic Pipeline (IAP) project, according to a letter of intent signed by Plinacro (Croatia), Albgaz (Albania) and Montenegro Bonus (Montenegro), Azerbaijan’s state oil company SOCAR acts as one of the technical consultants for IAP.
Azerbaijan offers German companies to create a joint enterprise in the framework of SOCAR Polymer petrochemical project.
The United States Agency for International Development can allocate $3.6 million worth funds to Azerbaijan in 2019 for financing a range of projects, according to the draft budget of the US State Department and USAID.
Azerbaijan’s GDP may grow 1.5 percent in 2018, Moody’s Investors Service said in a report on Feb. 12. Moody’s also expects surplus of Azerbaijan’s fiscal balance at 1 percent of GDP this year.
The International Finance Corporation is ready to invest in competitive businesses in various productive sectors of Azerbaijan, including export-oriented industries, Jan van Bilsen, IFC regional manager for the South Caucasus, said in an interview.
Austria intends to send a freight train that will run to Kazakhstan via the Baku-Tbilisi-Kars (BTK) railway, Javid Gurbanov, head of the Azerbaijan Railways CJSC, told reporters in Baku.
The EBRD and the International Maritime Organization agreed in London to deepen their cooperation and establish a strategic partnership to promote sustainable maritime transport in Azerbaijan.
Implementation of sustainable forest management in Azerbaijan is the main objective of the FAO-supported project on assessment and monitoring of forest resources to strengthen forest knowledge framework in the country.