Grand Egyptian Museum fuels hospitality, real estate expansion in West Cairo    IWG accelerates Egypt expansion, plans 30 new flexible workspace centres in 2026    Redminds, Saudi Al Warda Group launch real estate alliance targeting EGP 20bn investments by 2026    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt's gold reserves surges to $16.55b in October – CBE    Giant CMA CGM ship transits Suez Canal, signaling return of megavessels    Egypt's MSMEDA helps 18,000 SMEs win EGP 1.25b in state contracts    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Iraq's PM says holding elections on schedule is a 'major event' for the state    Russia's Putin appoints new deputy defence minister in security shake-up    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    Egypt to adopt World Bank Human Capital Report as roadmap for government policy    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches new cancer pharmaceuticals sector to boost drug industry localization    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Azerbaijan warns of risks to Caspian energy exports from conflict with Armenia
Published in Ahram Online on 18 - 07 - 2020

Azerbaijan warned on Saturday about security risks to the oil and gas it supplies to European markets due to the outbreak of hostilities at its border with Armenia.
Elshad Nassirov, vice president of Azeri state energy company SOCAR, said on a conference call some of the energy infrastructure involved in shipping Caspian oil and gas to world markets is located in the vicinity of the current military operations.
Fifteen servicemen from Azerbaijan and Armenia and one Azeri civilian have died since Sunday in clashes between the two countries, who fought a war in the 1990s over Azerbaijan's breakaway region of Nagorno-Karabakh.
Nassirov told the call that if they looked at a map they would see that clashes had taken place near some of its infrastructure. He said the Baku-Tbilisi-Ceyhan oil pipeline, the Baku-Supsa oil pipeline, the Baku-Tbilisi-Erzrum gas pipeline and some other facilities were located not far from the territory where clashes had taken place.
Nassirov also referred to the Trans-Adriatic Pipeline, the last stretch of the Southern Gas Corridor which also includes two other pipelines running via Georgia and Turkey - important because its completion means the whole corridor will be operational, reducing Europe's dependence on Russian gas supplies.
"The pipeline will be ready and operational in time in October-November this year," he said.
Armenia on Saturday also warned about security risks to the region coming from Azerbaijan after Baku said on Thursday it might strike the Metsamor nuclear power plant.
"This is a statement that should be unequivocally considered a crime against humanity ... it should be given an appropriate international response and probe," Armenian Prime Minister Nikol Pashinyan said.
Speaking on the conference call organised by U.S.-based think-tank the Caspian Policy Center, details of which were published on the group's website, Nassirov called on the West to help protect its energy exports.
"I would use this opportunity to invite our colleagues in Washington and elsewhere to think about how fragile ... this region is and to think how to provide ... military and physical security to the corridor, which is providing energy security to Europe," Nassirov said.


Clic here to read the story from its source.