Baku, Azerbaijan, July 15
By Elena Kosolapova – Trend:
The process of closing the office of Shell Business Development Central Asia BV, a subsidiary of the Royal Dutch Shell Plc, subject to regulatory and legal requirements, will be completed by the end of 2016, the company told Trend.
The company said Shell has had no operations in Azerbaijan since withdrawing from the Inam PSA in 2008.
Shell had a 5-percent share in the development of Azerbaijan’s Inam offshore structure together with Azerbaijani state oil company SOCAR (50 percent), BP (25 percent), and Korea National Oil Corporation (20 percent).
In 2009, the partners developing the Inam structure in the Azerbaijani sector of the Caspian Sea cancelled the production sharing agreement (PSA) on it and ceased the project.
Shell was also considering the possibility of transporting a profitable part of its oil, which will be extracted from Kazakhstan’s Kashagan field, via the Baku-Tbilisi-Ceyhan oil pipeline, but later it was decided to transport all the volumes of Kazakh oil via the CPC pipeline (Caspian Pipeline Consortium).
The company also said Shell’s activities in Kazakhstan have not been linked to Azerbaijan.
“Oil export options for subsequent phases of Kashagan development in Kazakhstan are yet to be determined,” added the company.
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