Baku–Tbilisi–Ceyhan pipeline

Traces of a very powerful explosion are visible on the sea floor around the pipeline

Baku-Tbilisi-Ceyhan (BTC) oil pipeline delivered over 3.4 billion barrels of Azeri oil since operations began in 2006, according to data from Turkey's petroleum pipeline corporation BOTAŞ.

Turkey's President Recep Tayyip Erdoğan extolled the benefits of the Trans-Anatolia Natural Gas Pipeline Project in an article he wrote for the latest issue of The Diplomat magazine.

In the article "TANAP: Regional Development and Peace Project" published in collaboration with the New York Times, Erdoğan emphasized that TANAP is a regional peace project.

British petroleum giant BP has started operating a $28-billion pipeline in Azerbaijan to supply gas to Turkey and elsewhere in Europe, the company said July 2.    

Azerbaijan inaugurated on May 29 a pipeline that will eventually create the first direct route to transport gas from one of the world's largest fields to Europe bypassing Russia.

British oil giant BP and energy-rich Azerbaijan on Sept. 14 prolonged their sharing deal for the Caucasus nation's largest oilfields until 2050.

"This time round, the contract is being signed on better terms for Azerbaijan," the ex-Soviet nation's President Ilham Aliyev said during a signing ceremony in the capital, Baku.

Turkish minister of customs and trade said on Oct. 3 that Turkey and Azerbaijan should work to increase the foreign trade volume between the two countries.

Cenap A?ç?'s remarks came at the first meeting of Turkey-Azerbaijan Joint Customs Committee held in the Azerbaijani capital, Baku.

Turkey is well placed and an increasingly significant hub for oil and natural gas transit from the Middle East, Central Asia and Russia to Europe and the Atlantic, the U.S. Energy Information Administration (EIA) has said. 

Norway?s Statoil announced the closure of its offices in Turkey on June 15, after its sale of a stake in Malaysian company Petronas? Shah Deniz project in Azerbaijan.

Russia’s proposal to sell gas to Europe via Turkey with the so-called ‘Turkish Stream’ will jeopardize Ankara’s strategic importance, according to an energy expert.