Weekly digest of Azerbaijan’s oil & gas sector

Weekly digest of Azerbaijan’s oil & gas sector

BAKU, Azerbaijan, Aug.1

By Leman Zeynalova – Trend:

Baker Hughes conducts stimulation works at Azeri-Chirag-Gunashli

Baker Hughes has recently conducted stimulation works on an additional two wells at the Azeri-Chirag-Gunashli (ACG) block of oil fields in the Azerbaijani sector of the Caspian Sea, Tommy Kassem, VP Oilfield Services, Russia Caspian, Baker Hughes, told Trend.

“Following our successful deployment of a Stimulation Vessel in 2018 – 2019, Baker Hughes has recently conducted stimulation works on an additional two wells at the Azeri-Chirag-Gunashli block. Our operations team was able to significantly improve the expected oil rate through a Baker Hughes chemicals solution,” said Kassem.

Kulevi oil terminal holds technical inspection of boiler chimneys

On July 27, Kulevi oil terminal of Azerbaijan’s state oil company SOCAR announced that its boiler chimneys of have been inspected by specialized contractor possessing all the necessary certificates.

Reportedly, the 45 m high boiler chimneys were inspected on June 10, 2020.

Kulevi oil terminal conducts environmental self-monitoring

Kulevi oil terminal has conducted second quarter environmental self-monitoring.

After second quarter monitoring was conducted, all parameters were found to be within the respective limits. As for the noise levels in major BST facilities such as the pump station, boiler and workshop, the use of ear protection for personnel is recommended.

BSTDB will readily use its experience in renewable energy projects for benefit of Azerbaijan

The Black Sea Trade and Development Bank (BSTDB) told Trend that it will readily use its experience in renewable energy projects for benefit of Azerbaijan.

The Bank said it will be looking forward for more renewable energy opportunities.

TANAP reaches maximum level of daily gas flow

The Trans Anatolian Natural Gas Pipeline (TANAP), the longest part of the Southern Gas Corridor envisaging transportation of Azerbaijani gas to Europe, reached the maximum level of daily gas flow July, said Turkey’s Minister of Energy and Natural Resources Fatih Donmez.

He noted that since the start of gas deliveries to Turkey via TANAP on June 30, 2018, the country has received about 6.2 billion cubic meters of gas.

Star Refinery resumes jet fuel output in small volumes

Star refinery of Azerbaijan’s state oil company SOCAR in Turkey has resumed jet fuel production in small volumes, said Murat LeCompte, Chief External Affairs Officer at SOCAR Turkey.

“Star refinery replaced jet fuel production with diesel output, as the demand for jet fuel dropped globally. We temporarily suspended jet fuel production. This decision turned out to be very beneficial for us, since the diesel demand was in place. Star refinery resumed production of jet fuel in small volumes in July. We will be changing our production profile depending on the situation with pandemic,” he said.

SOCAR reveals volume of investments in Turkey

SOCAR Turkey has to date invested a total of $16.5 billion of the planned $19.5 billion in Turkey, said Murat LeCompte, Chief External Affairs Officer at SOCAR Turkey.

EIB disburses loan to BOTAS for TANAP project

The European Investment Bank (EIB) has disbursed $270 million worth loan to Turkey’s BOTAS Petroleum Pipeline Corporation for the Trans Anatolian Natural Gas Pipeline (TANAP), the longest part of the Southern Gas Corridor that envisages transportation of Azerbaijani gas to Europe, EIB told Trend.

The funds were allocated in accordance with the loan agreement signed back on December 20, 2018.

“Following the fulfillment of the conditions precedents of the loan agreement, we disbursed EUR equivalent of the signed amount ($270 million) to the Borrower (BOTAS) on 21 July 2020,” said the Bank.

EIB noted that the loan has a final maturity of 18 years with 5 years grace period.

TAP completes welding all over its length

The last weld in the Trans Adriatic Pipeline (TAP) was completed, Trend reports citing the TAP AG consortium.

This means that 878 kilometers are now joined, from the Trans Anatolian Natural Gas Pipeline (TANAP) through to the Pipeline Receiving Terminal in Italy.

Enagas reveals planned capital contributions to TAP

Until the Trans Adriatic Pipeline (TAP) starts up, Spanish Enagas, one of the project shareholders will continue as planned to make capital contributions to TAP amounting to 9 million euros.

85% of TAP pressurized with gas

Around 85 percent of the Trans Adriatic Pipeline (TAP), the final leg of the Southern Gas Corridor, has been pressurized with gas, Trend reports with reference to the company.

“Infrastructure commissioning work is progressing according to plan, with approximately 85 percent of the pipeline pressurized with gas, some 750 km, including sections in Greece and Albania,” Enagas said in its report.

SOCAR offers lowest LNG price to Pakistan

Azerbaijan’s state oil company SOCAR has offered the lowest price for a spot liquefied natural gas (LNG) cargo to Pakistan at 5.73 percent of Brent, Trend reports.

This is the equivalent to roughly $2.2 per million British thermal units, Kallanish Energy reports citing Pakistan LNG.

The cargo will be delivered on August 27-28, contracted at a delivered ex-ship basis.

Azerbaijan’s state oil company SOCAR will deliver 140,000 cubic meters of liquified natural gas (LNG) to Pakistan on August 27-28, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR, told Trend.

Intensive discussions underway for Masdar’s solar project in Azerbaijan

Intensive discussions are underway for the solar photovoltaic (PV) project of the United Arab Emirates’ (UAE) Masdar company in Azerbaijan, Mohamed Alqubaisi, Ambassador of the United United Arab Emirates in Azerbaijan, told Trend.

He was commenting on Masdar’s agreement with the Ministry of Energy of Azerbaijan to design, finance, build and operate a 200-megawatt utility-scale solar photovoltaic project.

BP to implement planned shutdown on Shah Deniz Alpha platform

BP as operator of the Shah Deniz field development project advises that as part of its SD annual work programme it will implement a planned facility shut down (turnaround - TAR) on the Shah Deniz Alpha (SDA) platform in the Caspian Sea, as well as the Shah Deniz 1 facility inside Sangachal Terminal, end of July - early August, Trend reports citing BP.

In accordance with the plan, production from the SDA platform has been suspended on 30 July for five days to enable efficient maintenance, inspection and project work to be undertaken.

Saudi Aramco evaluating measures to improve operational efficiency in Azerbaijan during COVID-19

Saudi Aramco is evaluating measures to improve operational efficiency and synergy, optimize functions and processes in Azerbaijan in the current difficult times due to COVID-19, the company told Trend.

"Currently, all of our sites remain operational without significantly impacting our production. Our supply chains also remain uninterrupted as we continue to work with our supply partners to ensure the safe delivery of materials," the company said.

Environmental impact assessment of wind power project in Azerbaijan to be completed by late 2020

The environmental and social impact assessment of a 240 megawatt wind power project in Azerbaijan will be completed by the end of the year, Trend reports with reference to the Azerbaijani Ministry of Energy.

“The current state of the environmental and social impact assessment process of a 240 megawatt wind power project was discussed online with representatives of ACWA Power company, 5 Capitals environmental and management consultancy and Eco-Energy LLC,” the ministry said.

Azerbaijan's SOCAR may confirm new strategic dev't plan in September 2020

The preparation of a new strategic plan for the development of Azerbaijan’s State Oil Company (SOCAR), which will cover the period until 2035, is scheduled to be complete until September this year, the company’s Vice-President Khalig Mammadov said.

According to the vice-president, the new strategic development plan is elaborated by McKinsey consulting company.

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