Turkey to Pur­sue En­ergy Op­por­tu­ni­ties With Azer­bai­jan

Iran News - - INTERNATIONAL -

ANKARA (Dis­patches) - Turkey will con­tinue to ex­pand its in­vest­ments in Azer­bai­jan’s en­ergy sec­tor, Berat Al­bayrak, Turkey’s en­ergy and nat­u­ral re­sources min­is­ter said in Baku on Thurs­day.

Azer­bai­jan con­tin­ues to be a re­li­able part­ner for Turkey and other con­sumer coun­tries in oil as well as gas sup­ply, Al­bayrak said.

Turkey is in­volved in a num­ber of en­ergy projects with Azer­bai­jan in­clud­ing Turkey’s Trans Ana­to­lian Nat­u­ral Gas Pipe­line (TANAP) pro­ject, which is an in­te­gral part of Azer­bai­jan’s South­ern Gas Cor­ri­dor.

“TANAP is a sym­bol of the strong unity of the two coun­tries and of the win-win pol­icy,” Al­bayrak said.

TANAP will be a his­tor­i­cal build­ing block es­pe­cially in terms of Euro­pean sup­ply se­cu­rity, with the open­ing in the sec­ond half of next year, he de­clared.

An up­date con­tract for the de­vel­op­ment of the Az­er­iChi­rag-Gu­nashli (ACG) block of Azer­bai­jan’s oil and gas field, the largest in the Azer­bai­jan sec­tor of the Caspian basin, was signed Thurs­day in Baku.

The du­ra­tion of op­er­a­tional ac­tiv­i­ties for the ACG field will be is ex­tended from 2024 to 2050.

The up­dated con­tract is a his­tor­i­cal agree­ment not only for Azer­bai­jan, but also for re­gional and en­ergy mar­kets, Al­bayrak said.

The ACG block is a sym­bol of Azer­bai­jan’s un­lim­ited sources, he said and added, “It also con­trib­utes to re­li­able oil resource ac­cess for world mar­kets.”

Turkey’s TP, Turk­ish Pe­tro­leum, has a 5.73 per­cent stake in the ACG pro­ject.

Al­bayrak re­minded that other pro­ject part­ner­ships be­tween Turkey and Azer­bai­jan in­clude the Baku-Tbil­isi-Erzu­rum (BTE) Gas Pipe­line and the BakuT­bil­isi-Cey­han (BTC) pipe­line.

BTE was built to trans­port the gas pro­duced in the Shah Deniz field lo­cated in the Azer­bai­jani sec­tor of the Caspian Sea to Ge­or­gia and Turkey.

The BTC pipe­line is a 1,768 kilo­me­ter-long crude oil pipe­line from the Az­eri-Chi­rag-Gu­nashli (ACG) oil field in the Caspian Sea to the Mediter­ranean Sea.

BTC pipe­line car­ries oil from the ACG field and con­den­sate from Shah Deniz across Azer­bai­jan, Ge­or­gia and Turkey.

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