Botas

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World Bank to allocate $800 million for TANAP

World Bank to allocate $800 million for TANAP

The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project. The loans will be supplied through the World Bank's …

SOCAR reports on undisrupted construction of TANAP

SOCAR reports on undisrupted construction of TANAP

The head of of the Investment Department of SOCAR, Vagif Aliyev, said today that despite the low level of the world oil prices, the Trans-Anatolian Gas Pipeline (TANAP) is still being built within the approved schedule. …

Turkey reaches agreement on gas supplies from Qatar

Turkey reaches agreement on gas supplies from Qatar

During the visit of Turkish President Recep Tayyip Erdogan to Qatar, the Turkish company BOTAS and the National Oil Company of Qatar signed a preliminary memorandum of understanding on supplies of gas from the emirate to the …

Turkey hasn't received discount on Iranian gas

Turkey hasn't received discount on Iranian gas

Iran has not confirmed the information that it has provided the Turkish state pipeline company with a discount on gas. “No offer has been made so far for reducing the gas price within the framework of the existing contract …

Do Turkey's politics interfere in Russian economy?

Do Turkey's politics interfere in Russian economy?

The head of the Russian-Turkish Business Council, Ingush senator Ahmet Palankoyev and Turkish political scientist Tekin Okay said in an interview with the correspondent of Vestnik Kavkaza that the economic relations between Moscow and Ankara will

Turkey reaches agreement on discounted Russian gas

Turkey reaches agreement on discounted Russian gas

Turkey’s Ministry of Energy and Natural Resources has announced the conclusion of negotiations between Botas Petroleum Pipeline Corporation and Gazprom over a discount on Russian gas.

Gazprom tells about future

Gazprom tells about future

Gazprom Deputy Chairman Alexander Medvedev confirmed that Gazprom will stop gas transit through Ukraine to Europe after 2019. He also confirmed the seriousness of intentions regarding the construction of the Turkish Stream gas pipeline.He expressed confidence that there will be no risks in the construction of the first line of the Turkish Stream gas pipeline. "There is no risk for the first line," TASS cited Medvedev as saying.

Mikheev: negotiations on Turkish Stream are game in search of benefits

Mikheev: negotiations on Turkish Stream are game in search of benefits

Recently, media reported that talks between Gazprom and the Turkish company Botas on technical issues related to the Turkish Stream have been delayed. Both sides are suffering serious losses. According to some estimates, Gazprom's losses amount to several hundred million euros, on the other hand, Turkey cannot apply the discount of $100, but it rather buys Russian Gas at $100 more than the average European price.

Russia to give Turkey gas discount of 10.25%

Russia to give Turkey gas discount of 10.25%

Turkish Energy Minister Taner Yildiz said today that his ministry has reached a deal with Gazprom, granting Turkey a gas discount of 10.25%, Turkey purchased 27.4 billion cubic meters of gas from Gazprom in 2014 using the Blue Stream Pipeline running under the Black Sea and the Trans-Baikal Pipeline through Ukraine.

Russia and Turkey agree to increase Blue Stream gas supplies

Russia and Turkey agree to increase Blue Stream gas supplies

 Russia and Turkey have confirmed their interests in increasing gas deliveries via the Blue Stream pipeline to three billion cubic meters per year, Russian Energy Minister Alexander Novak said Wednesday."The Turkish side expressed its …

BP to join TANAP in late 2014

 BP will have joined the Trans-Anatolia Gas Pipeline (TANAP) by 2015, according to Vagif Aliyev, the head of investment management of the State Oil Company of the Azerbaijan Republic (SOCAR), Interfax reports.SOCAR owns 70% and Botas …

400 liters of ayran made at festival in Karachay-Cherkessia

400 liters of ayran made at festival in Karachay-Cherkessia

400 liters of ayran were made at the Third Folk and Ethnographic Ayran Festival of Karachay-Balkarian Culture called "The ayran festival in Honey Waterfalls" at the Malokarachayevsky District. It was organized by Mussa Botashev to boost ethnic tourism and break stereotypes about Caucasians.The first day was dedicated to cuisine, the second to Karachay horses. On October 19, a horse exhibition was organized.