 Azerbaijan investments in Turkey to hit $15 bln by 2025November 30, 2011 - 20:26 AMT PanARMENIAN.Net - The State Oil Company of Azerbaijan Republic (SOCAR) seeks to invest $15 billion in Turkey, Head of the SOCAR Investments Department said. Vagif Aliyev noted that a petrochemical complex is expected to be constructed in the peninsula where Petkim petrochemical company is located. He further said a power plant, wind energy facilities and port would be built here. The amount of investments would hit $15 bln in 2025, Aliyev said. He stressed that Azerbaijani side intends to purchase gas networks in Turkey. As for transportation of gas from Azerbaijan to Turkey, Aliyev said that Azerbaijani side intends to sell this gas itself. “According to the plan, we seek to enter Turkish gas distributing networks sphere, and it will be a great advantage for us to have a place in this sphere,” APA quoted Aliyev as saying.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |
