Caspian Sea

Earthwork for the construction of Trans-Anatolian gas pipeline (TANAP) will start on April 1 next year, the President of Azerbaijan's State Oil Company (SOCAR) Rovnag Abdullayev said on Tuesday.

Bulgarian President Rosen Plevneliev will visit Azerbaijan in the third week of September (23-24) to take part in the celebrations for the 20th anniversary of the so-called "Contract of the Century."

The first section of a natural gas pipeline between Iran and Iraq has been completed, the head of Iranian gas development has said.

The state-run Turkish Petroleum Corporation (TPAO) has inked a $1 billion loan agreement with Turkish state-run lender Vakıfbank and the country’s largest non-state lender İşbank so it can purchase Total’s stake in an Azeri gas project.

 EC reluctant to recognize Socar as DESFA’s owner; Athens tries to force issue

The deal for Azeri natural gas company Socar to buy a controlling stake in Greece’s Natural Gas Transmission Network Operator (DESFA), which was agreed last year, is not near completion yet because of the European Commission’s reservations, diplomatic sources have told Kathimerini.

Azerbaijan’s government-run energy company has announced that private schools run by affiliates of the movement led by U.S.-based Islamic scholar Fethullah Gülen have been closed down.

Prime Minister Antonis Samaras and visiting Azeri President Ilham Aliyev on Monday discussed two major investments that promise to draw much-needed revenue – the privatization of Greece’s gas transmission network (DESFA) and the construction of the Trans Adriatic Gas Pipeline (TAP), that would cross Greece.

SOCAR Turkey, the Azerbaijani energy giant’s Turkish venture, has signed a $3.3 billion credit deal for its STAR refinery project, marking Turkey’s largest and longest-term financing deal for its first privately built oil refinery.

France’s Total and Germany’s E.ON plan to withdraw from a pipeline scheme to bring Azerbaijan’s gas to Italy, an Azeri official said, as falling Italian demand puts energy projects there into doubt.

Turkey has signed deals to increase its stakes in the Trans-Anatolian gas pipeline (TANAP) and the Shah Deniz projects, with a ceremony attended by Prime Minister Recep Tayyip Erdoğan, marking another step towards its long-lasting dream of becoming an energy hub.