2013 Shah Deniz-2 investment plans made public
2013, members of the consortium for the development of the Azerbaijani offshore gas condensate field Shah Deniz will spend $3 billion within the second phase of the development of the field, a senior representative of the State Oil Company of Azerbaijan (SOCAR) said. He said a final investment decision on the Shah Deniz project will be made in October 2013
Negotiations held on agreement for gas transportation from Shah Deniz 2 via TANAP
The consortium for the development of the Azerbaijani Shah Deniz gas condensate field is in talks with the project of Trans Anatolian Pipeline (TANAP) regarding the signing of an agreement on gas transportation, a senior official of the State Oil Company of Azerbaijan (SOCAR) said.
Referring to the AGRI (Azerbaijan-Georgia-Romania Interconnector) project, a SOCAR representative said that the project is of current interest, but its relevance decreased.
"We have a different solution to the issue surrounding construction of an LNG terminal in Georgia," senior SOCAR representative said.
Turkmenistan proposes to hold OSCE forum on energy security in Ashgabat
Turkmenistan has proposed holding a summit in Ashgabat under the auspices of the Organisation for Security and Cooperation in Europe (OSCE) to discuss issues related to energy security, the Turkmen Dovlet Khabarlary state information service said.
The initiative was voiced by President Gurbanguly Berdimuhamedov at a meeting with Ukrainian President Viktor Yanukovych, who is on an official visit in the country on February 12-14. This year Ukraine is chairing the OSCE.
Ashgabat believes that a stable international energy supply should be one of the answers to modern global challenges.
Such an approach to the issue meets the long term interests of global development and therefore is more relevant than ever for the international community," Neutral Turkmenistan newspaper quoted the Turkmen leader as saying.
Ashgabat believes it is relevant to strengthen energy dialogue within OSCE and formulate mechanisms of multilateral consultations on political, financial, economic, technological and environmental aspects of construction and operation of multiple pipeline infrastructures.
Iranian Ambassador: Oil swap operations between Kazakhstan and Iran may be resumed
Swap operations (substitute exchange transactions) of oil between Kazakhstan and Iran may resume, Iranian ambassador in Astana Gorban Seyfi said.
"The reasons for stopping oil swaps were technical in nature. Today we can safely resume swap operations," Seyfi said.
The ambassador said that Iran is ready to conduct oil swap operations. However, there are very few of them, only two tankers.
According to official statistics published by the National Iranian Oil Company, the amount of swap of crude oil from Caspian countries in the Persian Gulf region is nearly 20 thousand barrels per day, and is expected to reach 70 million barrels per day in the coming months.
Iran ceased oil swap operations with the Caspian littoral states that it had been conducting for nearly 13 years, in April 2010. In July 2011, the managing director of the National Iranian Oil Company (NIOC), Ahmad Galebani announced the resumption of oil swap with Caspian states, saying that negotiations are underway on the volume of these transactions.
Oil transferred to Iran from Central Asia is processed in Tehran and Tabriz, and then sold in the Persian Gulf region.
Norwegian Statoil officially informs Kazakhstan about its withdrawal from Abay
Norwegian Statoil has officially informed Kazakhstan about its intention to withdraw from the Abay project in the Kazakh sector of the Caspian Sea, a source in KazMunaiGas (KMG) national company said. "Statoil has decided to withdraw from Abay," KMG said. "The company officially informed KMG." Abay is located in the northern part of the Kazakh sector of the Caspian Sea and is 65 kilometers from the coast at a depth of 8-10 meters.
Annual conference and forum of oil and gas companies starts in Astana
Today Astana hosted annual conference "Kazneftegazservice-2013" and Forum of Oil And Gas Companies "Oil and Gas: Kazakh Content 2013".
The participants discussed the development of local content, participation in tenders and reviewing promising oil and gas projects. Special attention is paid to the launch of the project for future expansion of Tengizchevroil LLP, the second phase of the Kashagan field, and some other projects.
During the exhibition, oil and gas companies presented their plans for the procurement of goods, works and services in 2013, including their medium term procurement plan.
Uzbek Fund for Reconstruction and Development allocates $ 75.2 million for development of gas condensate fields
The Fund for Reconstruction and Development of Uzbekistan (FRDU) granted Uzbekneftegaz National Holding Company (NHC) a loan for $ 75.2 million for the accelerated development of gas condensate fields in the border area with Turkmenistan, a representative of the NHC said.
The project provides for the accelerated development of the Samantepa, Girsan, Chulkuvar, Kumla and Taylyak fields which opened in the early 90's. The presence of any reserve deposits has not been disclosed.
As previously reported, the accelerated development of the deposits, until 2014 instead of the previously scheduled 2016, was stipulated by presidential decree.
The total project cost is $ 232.9 million. It is expected that the commissioning of these fields will ensure the production of 6.83 billion cubic meters of gas and 160,200 tons of gas condensate per year.