TPAO announces amount of investments in Azerbaijan

28 November 2024

TPAO announces amount of investments in Azerbaijan

18:49 19 December 2016 Read: 1338

TPAO announces amount of investments in Azerbaijan

Turk Petrolleri A.O. (TPAO) aims to reduce foreign investments, Director-General Besim Shishman.

“We intend to save money because of decline in oil price. It’s true, our investments are sustainable. But we reduced investments in additional projects. Domestic investing is not reduced”, Shishman said.

Touching upon the foreign investments, the Director-General said that the company is about to shut down its representation in Libya due to ongoing processes.

According to him, TPAO invested $10 billion in the projects in Azerbaijan: “These are most profitable projects”.

More about:

News Line

Five of those killed in accident in Tovuz were military personnel - Azerbaijani MoD

Five of those killed in accident in Tovuz were military personnel - Azerbaijani MoD

Commemorative coin symbolizing Nizami Ganjavi's heritage presented to UN Secretary-General

Commemorative coin symbolizing Nizami Ganjavi's heritage presented to UN Secretary-General

Magnitude 3.3 quake jolts Azerbaijan’s Jalilabad district

Magnitude 3.3 quake jolts Azerbaijan’s Jalilabad district

Why India's latest Sun mission finding is crucial for the world - iWONDER

Why India's latest Sun mission finding is crucial for the world - iWONDER

Azerbaijan’s Central Election Commission forms expert group regarding upcoming municipal elections

Azerbaijan’s Central Election Commission forms expert group regarding upcoming municipal elections

Commemorative coin featuring illustrations from Khamsa manuscripts presented to Guterres

Commemorative coin featuring illustrations from Khamsa manuscripts presented to Guterres

Icherisheher and Gala Reserve attract over 12,000 visitors during COP29

Icherisheher and Gala Reserve attract over 12,000 visitors during COP29

Azerbaijan’s CEC forms working group for municipal election document verification

Azerbaijan’s CEC forms working group for municipal election document verification

Azerbaijan's successful holding of COP29 commended in Lefkosa

Azerbaijan's successful holding of COP29 commended in Lefkosa

Romania asks EU to investigate TikTok’s election handling after ultranationalist’s stunning win

Romania asks EU to investigate TikTok’s election handling after ultranationalist’s stunning win

Azerbaijan to hold municipal elections on January 29

Azerbaijan to hold municipal elections on January 29

US lawmakers urge Biden to pardon Assange to send ‘clear message’ on media freedom

US lawmakers urge Biden to pardon Assange to send ‘clear message’ on media freedom

Unidentified drones observed flying over US bases in UK

Unidentified drones observed flying over US bases in UK

Prosecutors investigate racism incident during football match in France

Prosecutors investigate racism incident during football match in France

US seeks full control of Armenia, says Russian intel agency

US seeks full control of Armenia, says Russian intel agency

Azerbaijan welcomes ceasefire between Israel and Lebanon

Azerbaijan welcomes ceasefire between Israel and Lebanon

OPEC+ to hold Dec 1 oil policy meeting online

OPEC+ to hold Dec 1 oil policy meeting online

Azerbaijani parliament adopts amendments to customs tariff law

Azerbaijani parliament adopts amendments to customs tariff law

UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio

UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio

President Ilham Aliyev congratulates Trump on his reelection as US President

President Ilham Aliyev congratulates Trump on his reelection as US President

President Ilham Aliyev shares post on Kalbajar City Day - VIDEO

President Ilham Aliyev shares post on Kalbajar City Day - VIDEO

Azerbaijani, Iranian special forces begin joint tactical exercise

Azerbaijani, Iranian special forces begin joint tactical exercise

Azerbaijani President: The COP29 is a turning point in climate diplomacy!

Azerbaijani President: The COP29 is a turning point in climate diplomacy!

COP29 Presidency issues statement on climate finance goals and consultation process

COP29 Presidency issues statement on climate finance goals and consultation process

Protocol of intent signed for Baku Dialogue on Water for Climate Action

Protocol of intent signed for Baku Dialogue on Water for Climate Action

Azerbaijan files lawsuit against Armenia at The Hague

Azerbaijan files lawsuit against Armenia at The Hague

Azerbaijan celebrates Kalbajar City Day in Azerbaijan

Azerbaijan celebrates Kalbajar City Day in Azerbaijan

COP29 сlosing plenary held in Baku

COP29 сlosing plenary held in Baku

Azerbaijan welcomes ceasefire between Israel and Lebanon

Azerbaijan welcomes ceasefire between Israel and Lebanon

President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus

President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus

Azerbaijani Foreign Ministry summons French ambassador

Azerbaijani Foreign Ministry summons French ambassador

Aircraft of Azerbaijan Air Force carry out training flights - VIDEO

Aircraft of Azerbaijan Air Force carry out training flights - VIDEO

Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation

Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

News Line
Most Read

23:15 Five of those killed in accident in Tovuz were military personnel - Azerbaijani MoD
22:16 Commemorative coin symbolizing Nizami Ganjavi's heritage presented to UN Secretary-General
21:17 Magnitude 3.3 quake jolts Azerbaijan’s Jalilabad district
19:27 Why India's latest Sun mission finding is crucial for the world - iWONDER
18:25 Azerbaijan’s Central Election Commission forms expert group regarding upcoming municipal elections
17:49 Commemorative coin featuring illustrations from Khamsa manuscripts presented to Guterres
17:44 Icherisheher and Gala Reserve attract over 12,000 visitors during COP29
16:59 Azerbaijan’s CEC forms working group for municipal election document verification
16:57 Azerbaijan's successful holding of COP29 commended in Lefkosa
16:26 Romania asks EU to investigate TikTok’s election handling after ultranationalist’s stunning win
16:26 Azerbaijan to hold municipal elections on January 29
16:13 US lawmakers urge Biden to pardon Assange to send ‘clear message’ on media freedom
15:54 Unidentified drones observed flying over US bases in UK
15:34 Prosecutors investigate racism incident during football match in France
15:12 US seeks full control of Armenia, says Russian intel agency
14:59 Azerbaijan welcomes ceasefire between Israel and Lebanon
14:40 OPEC+ to hold Dec 1 oil policy meeting online
14:25 Azerbaijani parliament adopts amendments to customs tariff law
13:44 Ursula von der Leyen: Europe must fight for its freedom
13:22 Putin: Russia ready for new large-scale projects with Kazakhstan
12:53 Azerbaijan, Lithuania agree to establish joint tax working group
12:44 Azerbaijan records growth in international cargo traffic by sea
12:26 Azerbaijani Culture Minister highlights Baku Process initiative at 10th UNAOC Global Forum in Portugal
12:05 Iran welcomes cease-fire between Israel and Lebanon
11:35 Azerbaijan, Lithuania set to establish working group for developing tax cooperation
11:23 Putin to host traditional informal CIS summit at end of year
11:05 Global oil prices see modest growth
10:53 Ceasefire deal between Israel and Hezbollah takes effect
10:30 Azerbaijani oil price rises in global markets
10:14 Terror suspect on FBI’s most wanted list arrested in north Wales
09:53 Australia launches 'landmark' bill to ban social media for children under 16
08:57 Biden says Israel, Lebanon have agreed to deal to end over year-long conflict
08:36 Armenia welcome to come back to CSTO when ready, 'door open', Kremlin aide says
21:49 The European Union Delegation organises European National Costumes Exhibition in Baku
20:48 COP29 conference in Tatarstan`s media spotlight
18:52 “SAT-SAS-2024” exercise of Azerbaijani and Turkish naval forces continues, Defense Ministry
18:23 Azerbaijan’s Central Election Commission holds meeting
17:32 Russia expels British diplomat over spying claims
17:22 Azerbaijani parliament projects 5.3% increase in revenue for 2025 budget
16:48 Preparations for Araz-2024 joint tactical exercise wrap up
16:42 Russia's Putin calls on CIS intelligence agencies to prevent instability
16:15 Azerbaijan, UAE ink memorandum on mine clearance cooperation
16:08 October 2024 becomes second-warmest month globally in last 50 years
15:31 Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation
15:17 Azerbaijan, Turkish Republic of Northern Cyprus sign memorandum on insurance
15:00 Many security personnel killed as violence erupts in Islamabad
14:41 Putin to conduct state visit to Kazakhstan
14:24 Georgian parliament speaker proposes December 14 for presidential elections
13:57 Israeli Cabinet set to vote on Lebanon cease-fire deal
13:49 EU to invest €1 billion in Ukraine's military industry
12:56 SOCAR, DeGolyer and MacNaughton discuss geothermal energy projects
12:10 G7 foreign ministers meet in Italy to discuss Middle East, Ukraine
11:47 UN partners with Azerbaijan to promote ASAN Service model across four continents
11:27 Magnitude 3.1 quake hits Azerbaijan’s Mingachevir district
11:08 Lebanese lawmaker says cease-fire deal with Israel close
11:01 Abu Dhabi hosts Global Food Week 2024
10:59 Oil prices jump in global markets
10:22 Latvian ambassador congratulates Azerbaijan on successful completion of COP29
10:14 30th anniversary of Azerbaijan's joining NATO's PfP program marked in Baku
09:51 Azerbaijani oil price drops in global markets
09:25 Trump vows day-one tariffs on Mexico, Canada and China
09:11 Fire breaks out in Japan during test of Epsilon S rocket engine
23:45 President Ilham Aliyev congratulates Trump on his reelection as US President
22:04 Air Arabia flying Moscow-Sharjah makes emergency landing in Azerbaijan
21:46 Embassies of Azerbaijan and Kazakhstan host official reception in Cambodia
21:45 Key outcomes of COP29 conference in Turkish media spotlight
20:03 COP29: Key outcomes of Baku-hosted conference in world media spotlight
19:55 Meeting with NATO delegation held in Baku, Defense Ministry
18:39 Azerbaijan's investment opportunities promoted in Izmir
17:43 Rescue operation launched after Red Sea tourist boat sinks
17:32 Azerbaijan, NATO explore cooperation prospects
17:15 Iran set to hold nuclear talks with European troika after IAEA resolution
16:59 UK expands sanctions against Russia
16:28 Ultranationalist candidate leading in 1st round of Romania's presidential election
16:14 UN calls on urgent measures to fight violence against women
16:01 Azerbaijani shooter claims silver in Walther Youth Cup Smederevo
15:53 Aircraft of Azerbaijan Air Force carry out training flights - VIDEO
15:24 Azerbaijan’s Minister of Culture to attend 10th UNAOC Global Forum in Portugal
15:08 China launches two new satellites
14:40 Azerbaijan discloses number of mines found in liberated territories over past week
14:27 Indonesia’s Mount Dukono erupts, ash plume reaches 3,000 meters
14:05 Azerbaijani economy's dependence on oil and gas sector down significantly - minister
13:42 Azerbaijani taekwondo fighters win two medals in Bosnia Open G1
13:40 Azerbaijani, Iranian special forces begin joint tactical exercise
13:36 Storm Bert causes widespread chaos across UK with floods, fatalities, power outages
13:18 Azerbaijan's social expenditures in 2024 projected to be 1.6 times higher than in 2021
12:55 Next couple of months ‘critical for Ukraine,’ says former Trump security adviser
12:37 President Ilham Aliyev: Level of friendship between Azerbaijan and Bosnia and Herzegovina is gratifying
12:36 President Ilham Aliyev congratulates President of Suriname
12:26 Turkish Cabinet to discuss war in Ukraine, Middle East situation
12:16 President Ilham Aliyev congratulates Chairman of Bosnia and Herzegovina Presidency
11:33 Oil prices drop in global markets
10:57 Georgian Prime Minister announces composition of new government
10:29 Pilot killed in cargo plane crash near Lithuanian capital
10:11 President Ilham Aliyev shares post on Kalbajar City Day - VIDEO
10:03 Azerbaijan's Commissioner for Human Rights meets with OIC Secretary-General
09:55 "Young Diplomats" congratulate Azerbaijan on successful hosting of COP29
09:33 S. Korea Air Force begins large-scale Soaring Eagle exercise
09:11 Azerbaijan celebrates Kalbajar City Day in Azerbaijan
19:55 First export train heads from Azerbaijan to China
16:16 COP29 agreement is a critical step - UK foreign secretary
16:14 Azerbaijani President: The COP29 is a turning point in climate diplomacy!
14:31 President Biden congratulates Azerbaijan for hosting landmark COP29 summit
12:16 COP29 and Azerbaijan's green energy transition in spotlight of BBC TV Channel
10:06 Breakthrough in Baku delivers $1.3tn “Baku Finance Goal”
10:03 COP29 сlosing plenary held in Baku
22:53 COP29 achieves full operationalization of Article 6 of Paris Agreement – unlocks international carbon markets
21:55 Resolution adopted commending Azerbaijan for exemplary COP29 organization
19:44 Hungary has invited Netanyahu to visit, Israeli PM's office confirms
19:41 COP29 hosts another protest
18:33 Putin says Russia will keep testing new missile in combat
17:29 Defense minister highlights Azerbaijan Army's strength and dedication, inspired by commander-in-chief
14:51 Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29
14:15 Azerbaijani shooting teams shine at int'l tournament in Serbia
14:00 Earthquake jolts Azerbaijan's Lachin
13:29 Chairman of Caucasus Muslims Office to attend 10th UNAOC Global Forum
13:08 Kazakhstan presents plans to achieve carbon neutrality at COP29
12:34 WHO: Mpox continues to be international public health emergency
12:13 COP29: New initiatives unveiled at Urban Development Day to boost int’l co-op
11:35 European Club Association meeting to highlight COP29-launched Football Clubs Alliance for Climate

23:45 President Ilham Aliyev congratulates Trump on his reelection as US President 665
12:37 President Ilham Aliyev: Level of friendship between Azerbaijan and Bosnia and Herzegovina is gratifying 641
10:57 Georgian Prime Minister announces composition of new government 639
21:46 Embassies of Azerbaijan and Kazakhstan host official reception in Cambodia 632
15:08 China launches two new satellites 618
15:53 Aircraft of Azerbaijan Air Force carry out training flights - VIDEO 618
13:42 Azerbaijani taekwondo fighters win two medals in Bosnia Open G1 617
16:14 UN calls on urgent measures to fight violence against women 610
12:16 President Ilham Aliyev congratulates Chairman of Bosnia and Herzegovina Presidency 606
16:01 Azerbaijani shooter claims silver in Walther Youth Cup Smederevo 606
16:28 Ultranationalist candidate leading in 1st round of Romania's presidential election 606
21:49 The European Union Delegation organises European National Costumes Exhibition in Baku 604
10:29 Pilot killed in cargo plane crash near Lithuanian capital 601
11:33 Oil prices drop in global markets 600
14:05 Azerbaijani economy's dependence on oil and gas sector down significantly - minister 597

Tell me about Azerbaijan

10:28

2021/11/1635834059.jpg

Drive up high to the remote village of Khinalig – Azerbaijan| PHOTOS

Armenian Aggression

12:13

2021/08/1629188112.jpg

Glorification of Armenian terrorism in California - OPINION

15:49

2023/12/1702641119.jpg

2023 champions honored at FIA Prize Giving event in Baku - NO COMMENT

Azerbaijan in Focus

09:37

2021/10/1634017375.jpg

EURONEWS : Highly skilled art of copperware production lives on in Lahij| VIDEO

23:17

2021/10/1634066358.jpg

Armenia launches criminal case on Serzh Sargsyan's visit to Baden-Baden - CARTOON

19:30

516OIzDe1pL._BO_.jpg

Years of Blood: A History of the Armenian-Muslim Clashes - Audiobook

About us

If you have a story you think we might be interested to know about please email our news team at [email protected] or phone +994 125975052 and ask to be put through to AzVision.

Azvision.az ©2014 | All rights reserved