Azerbaijan offers Iraq access to Europe gas pipelines

AFP

Azerbaijan has offered Iraq access to the "Southern Gas Corridor" connecting the Caspian Sea to the European Union to help Baghdad sell natural gas to Europe, Baku's foreign minister said Monday.

Elmar Mammadyarov told journalists in the Iraqi capital that officials in Baghdad had already expressed interest in joining the massive project, which is supported by the United States and aims to reduce Europe's dependence on gas from Russia.

"It's a huge project ... and it's open if Iraq is also interested to deliver their own natural gas," Mammadyarov said at a joint news conference with his Iraqi counterpart Hoshyar Zebari.

"The project is there, so if any other countries ... want to join the Southern Gas Corridor, including Iraq, who already expressed some interest for this project, we are ready to start negotiations." Gas pumped from the immense new Shah Deniz II field will travel across Azerbaijan and Georgia and across Turkey through a new Trans-Anatolian Pipeline, which is set to be a key part of the Southern Gas Corridor from the Caspian Sea to Turkey and the EU.

Russia, meanwhile, backs a new pipeline under construction known as South Stream that aims to transport 63 billion cubic metres under the Black Sea to Europe.

$10-12 bn to be invested in TANAP project

Nearly $10-12 bn is expected to invest in TANAP project.

 

Nearly $10-12 bn is expected to invest in TANAP project, SOCAR President Rovnag Abdullayev said at the meeting with Energy Minister of Turkey Taner Yildiz, APA-Economics reports.

To him, at present time, works are conducted in direction of legal and financial issues of the project: ‘Physical works on TANAP project is expected to start in Q2, 2014’.

Azerbaijan to purchase Turkish T-129 ATAK helicopters, total cost $3 billion

Turkey's native Attack Helicopter T-129 ATAK on training flight

Azerbaijan will purchase 60 T-129 ATAK helicopters manufactured by Turkey, the Sabah newspaper reported on Monday.

According to the report, Azerbaijan ordered T-129 ATAK helicopters from the Turkish aerospace company Türk Havacılık ve Uzay Sanayii (TAI), and mass production will begin in this year.

Purchase of 60 helicopters, specially manufactured for Azerbaijan, will cost $3 billion.

Besides Azerbaijan, UAE, Malaysia, Pakistan and Jordan showed an interest in buying helicopters.

Turkish-made ATAK combat helicopters are part of the state program aimed at ensuring the Turkish army with arms, equipment and outfit of own production. Currently, Turkey has achieved self-sufficiency in this sector at 50 percent.

ATAK helicopters can reach speeds of up to 300 kilometers per hour, to fly in any weather conditions and poor visibility.