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Economic Development in Azerbaijan

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Azerbaijan makes advance payment for two Ukrainian AN-178 aircraft

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http://defence-blog.com/news/azerbaijan-makes-advance-payment-for-two-ukrainian-an-178-aircraft.html
 
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Rapid growth year for Azerbaijan's aviation fleet, AZAL is planning on buying 10 Boeing 737 MAX aircraft.
bringing the total order of aircraft for 2016 to 31, not including joint production for AN-178
We will most likely see establishment for joint production of passenger aircraft as well, my guess will be MC-21 by Irkut.

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http://oxu.az/economy/139168

http://www.azernews.az/business/99271.html
 
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Azerbaijani, Turkish and Turkmen Presidents expected to meet

the main topic of discussion will be an energy cooperation, in particular, The issue of laying the pipeline to deliver Turkmen gas across the Caspian Sea to Azerbaijan, from where it further can be delivered to Europe via the Trans Adriatic Pipeline (TAP).

http://news.az/articles/politics/110682

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Azerbaijani, Turkish and Turkmen Presidents expected to meet

the main topic of discussion will be an energy cooperation, in particular, The issue of laying the pipeline to deliver Turkmen gas across the Caspian Sea to Azerbaijan, from where it further can be delivered to Europe via the Trans Adriatic Pipeline (TAP).

http://news.az/articles/politics/110682

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Good to see the strategic projects going on despite the turmoils recently.
 
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Rapid growth year for Azerbaijan's aviation fleet, AZAL is planning on buying 10 Boeing 737 MAX aircraft.
bringing the total order of aircraft for 2016 to 31, not including joint production for AN-178
We will most likely see establishment for joint production of passenger aircraft as well, my guess will be MC-21 by Irkut.

qlLv9QJ.jpg


http://oxu.az/economy/139168

http://www.azernews.az/business/99271.html

and my prediction was right, Azerbaijan will also launch joint aircraft production with Russia
Azerbaijan will also build a helicopter center responsible for regional maintenance of Russian/Soviet helicopters

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http://oxu.az/economy/143229


Iran, Azerbaijan to set up car joint venture
Iran Khodro, the giant Iranian automaker, is setting up the venture with Azerbaijan’s Azeurocar to jointly produce four Iranian car brands of Dena, Rana, Soren and Samand.

The joint venture’s annual capacity is estimated to stand at about 10,000 cars.

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http://www.azernews.az/business/100488.html
 
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MoU on Ionian-Adriatic Pipeline signed with SOCAR

Croatia, Albania, Bosnia-Herzegovina and Montenegro signed a Memorandum of Understanding (MoU) on the construction of the Ionian Adriatic Pipeline (IAP) with Azerbaijani state oil company SOCAR, Croatian media reported.

The signing took place within the Dubrovnik Forum on August 26.

IAP pipeline with a length of around 516 kilometers will be connected to the Trans Adriatic Pipeline (TAP), which is designed to transport Azerbaijani gas to Europe, in the city of Fier in Albania.

The IAP will pass through Albania, Montenegro, Bosnia and Herzegovina, and end in the city of Split in Croatia, where it will be connected to the existing gas distribution system of the country. From Croatia, the gas can go to Hungary and other countries of Central and Western Europe.

The capacity of the IAP will be five billion cubic meters per year. The pipeline will be capable of carrying out reverse supply.

TAP has already signed memoranda of understanding and cooperation with the developers of this project, in particular, with Plinacro natural gas transmission system operator of Croatia, BH-Gas company of Bosnia-Herzegovina and Geoplin Plinovodi company of Slovenia.

Moreover, there has been created a ТАР and IAP working group which regularly holds meetings in order to synchronize the time of implementation of both projects and agree on the technical issues of connection.


http://www.azernews.az/oil_and_gas/101424.html

 
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Supercomputer necessary for Azerbaijan to find new oil and gas fields to become a world leader by new hydrocarbons by 2030

Today the Presidium of Azerbaijan National Academy of Sciences (ANAS) debriefed a report of Director of the Institute of Oil and Gas Ibrahim Guliyev which titled “Oil and Gas Science 2030: looking into the future”.

ANAS informed that Guliyev raised an issue on adaptation of modern geophysical survey techniques to find oil and gas fields at the depth of 7-14 km.

“One of the important tasks is conducting fundamental studies to explore intellectual oil and gas fields. To solve problems in this sphere it is necessary to apply new methods based on supercomputer technologies,” Guliyev reported.

He also raised an issue on exploration of alternative resources of gas hydrates and hydrocarbons – inrefinable crude, light tight oil and gas dissolved in groundwater gases.

“By 2030 Azerbaijan can become a world leader by using completely new hydrocarbons. For several years, scientists of the Institute of Geology and Geophysics and German colleagues conduct long-term thermal monitoring of hydrocarbon gases released from mud volcanoes of Azerbaijan. The results will be the basis for the establishment of renewable hydrocarbon system,” Guliyev said.

According to him, the Institute of Oil and Gas is already forecasting the development of various industries, including making and testing mathematical models of dynamics of oil and gas prices changing with due regard to market requirement.

By the end of the report, ANAS Presidium decided to approve the geophysical and geochemical exploration of oil fields at great depths, the fundamental study of the intellectual fields, the scientific study of fields of hydrocarbon gases, and the recovery of oil and gas reserves at the mud volcanoes as the priority areas for the Institute. The priority areas also include the geological and chemical study of light tight oil and gas, the study of economics of the oil industry and geoecological problems.

It should be mentioned that BP Company started applying hydraulic fracturing on the Azerbaijani field Azeri-Chirag-Gunashli long before the shale revolution in the USA.

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http://abc.az/eng/news/main/98871.html
 
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