Economic Development in Azerbaijan

[Azeri440]

TANAP Construction

 

[Azeri440]

Azerbaijan to purchase six more Boeing aircraft by end of 2017

Azerbaijan Airlines (AZAL) plans to sign a contract by the end of 2017 to buy four Boeing 787 Dreamliner aircraft, AZAL President Jahangir Asgarov said at the 7th Caspian Air Cargo Summit in Baku on October 10.

He added that two more Boeing 747-8 F aircraft will be acquired for the Silk Way Airlines company.

https://www.azernews.az/business/120266.html

First Alstom Locomotive for Azerbaijan

 

[Azeri440]

Pirallahi Island Development Project

 

[what]

Azerbaijan, Georgia, Turkey launch new Asia-to-Europe rail link

http://www.hurriyetdailynews.com/az...ey-launch-new-asia-to-europe-rail-link-121605

Finally after many many delays.

 

[Azeri440]

Azerbaijan, Georgia, Turkey launch new Asia-to-Europe rail link

http://www.hurriyetdailynews.com/az...ey-launch-new-asia-to-europe-rail-link-121605

Finally after many many delays.

Azerbaijan is already planning to expand the capacity of the railway to 50 mil tons

 

[Fenasi Kerim]

Azerbaijan is already planning to expand the capacity of the railway to 50 mil tons

View attachment 434216 View attachment 434217

This has been one of my dreams to see such a train line from Turkey - Georgia - Azerbaijan, well done and congratulations to all those involved. Next trip will be on one of these to Baku!

P.S love the difference between the two lokomotivs.

 

[Azeri440]

MC-21, Azerbaijan currently has 10 on order and is planning to set up joint production

 

[what]

MC-21, Azerbaijan currently has 10 on order and is planning to set up joint production

Interesting, didnt know that Russia has to companies producing passenger jets right now with Irkut and Suchoi.

 

[Seyfullah]

https://twitter.com/x/status/929660756056051713

 

[Azeri440]

https://twitter.com/x/status/929660756056051713

43 aircraft on order

5 Dreamliners
5 Embraer 190s
10 737 MAX
10 Irkut MC-21 + local production
10 An-178 + local production
2 747-8Fs
1 An-124

 

[Azeri440]

SOCAR interested in purchasing LUKOIL refinery in Italy

Azerbaijan’s state oil company SOCAR is interested in purchasing the ISAB refinery in Italy, which is owned by Russia’s LUKOIL PJSC, Russian media quoted LUKOIL President Vagit Alekperov as saying on November 13.

Alekperov said that along with SOCAR, national companies of Iran and Algeria are also interested in purchasing the ISAB refinery.

He noted that LUKOIL has received many proposals and today the company is considering all options.

“Today the refinery is in very good condition. All installations operate, even new facilities have been introduced after modernization,” said LUKOIL head. “We are negotiating with interested parties, especially with those who could give us the opportunity to integrate into new projects.”

Earlier, Alekperov said that big refiners of the United States, international investment funds and the national company of one of the Persian Gulf states are interested in buying the ISAB oil refining complex.

https://www.azernews.az/oil_and_gas/122144.html

 

[what]

I'd love to buy some SOCAR shares if they are publicly traded one day.

 

[Azeri440]

I'd love to buy some SOCAR shares if they are publicly traded one day.

SOCAR Turkey IPO will happen in 2020

 

[Azeri440]

Five nations agree to create Lapis Lazuli transport corridor

Afghanistan, Turkmenistan, Azerbaijan, Georgia and Turkey signed an agreement on the creation of the Lapis Lazuli transport corridor which is set to connect the five countries.

The document, which was finalized after three years of technical talks, was signed on the margins of the 7th Regional Economic Cooperation Conference on Afghanistan (RECCA) in Ashgabat on November 15, TASS reported.

It is envisaged that the railways and motorways will connect the city of Torgundi in the Afghan province of Herat with Ashgabat, then with the port of Turkmenbashi on the shore of the Caspian Sea. Further, the corridor will pass through the Caspian Sea to Baku, then through Tbilisi to Ankara with branches to Poti and Batumi, and further from Ankara to Istanbul.

The budget of the project is estimated to exceed $2 billion. Consultations on the creation of the transport corridor began back in 2012. Four technical discussions on the Lapis Lazuli Corridor agreement have been held, with the most recent occurring on March 31, 2016. National railways and motorways are already forming a significant part of this transport corridor, so the agreement is primarily aimed at facilitating transit logistics and simplifying customs procedures.

The initiative seeks to improve transport infrastructure and procedures (including for road, rail, and sea), increase exports, and expand the economic opportunities of citizens in countries benefiting from this new transport corridor.

Barriers to regional trade and transit and transaction costs will be reduced, in part, through a new Custom Integration Procedure and, between Afghanistan and Turkmenistan, a new Cross-Border Transport Agreement. Its projected impact is considerable not only because most of the needed infrastructure is already in place, but also because most of the investment required will focus on improving policy and governance.

https://www.azernews.az/business/122298.html

 

[what]

Barriers to regional trade and transit and transaction costs will be reduced, in part, through a new Custom Integration Procedure and, between Afghanistan and Turkmenistan, a new Cross-Border Transport Agreement. Its projected impact is considerable not only because most of the needed infrastructure is already in place, but also because most of the investment required will focus on improving policy and governance.

https://www.azernews.az/business/122298.html

There is so much untouched potential in central Asia.

I'd sign FTA agreements with Azerbaijan, Georgia and would add the Kazakhs and Turkmens later on.