Major events in Caspian countries' oil and gas industry for last week (Nov.14-19)

Major events in Caspian countries' oil and gas industry for last week (Nov.14-19)

President Ilham Aliyev receives US special envoy for Eurasian Energy

President of Azerbaijan Ilham Aliyev received Special Envoy of the United States Secretary of State for Eurasian Energy Richard Morningstar.

The meeting focused on US-Azerbaijan bilateral relations and prospects for energy cooperation.

EU Special Representative discusses Trans-Caspian Gas Pipeline project in Ashgabat
EU Special Representative for Central Asia Pierre Morel discussed implementation of the Trans-Caspian pipeline project at a meeting with Turkmen President Gurbanguly Berdimuhammadov.

Baku hosts conference

Baku hosted a conference on the topic "European dimension of Caspian Energy", jointly organized by the Center for Strategic Studies under the President of the Republic of Azerbaijan (SAM), the French Institute of International Relations (IFRI) and the State Oil Company of the Azerbaijan Republic (SOCAR).

Ashgabat hosts int'l conference

An exhibition "Turkmenistan Oil and Gas- 2011" and a conference opened in Ashgabat. On the agenda were the issues of development of Turkmenistan's oil and gas industry for 20 years of independence and the prospects of international cooperation.
Around 500 representatives from oil, gas and service companies from Azerbaijan, the U.S, Russia, Great Britain, China, and France, UAE, Japan and several European countries attended the forum.

The conference discussed issues on interaction in energy sphere, particularly, additional gas pipeline to Russia (Caspian - via Kazakhstan), Europe (Nabucco - via the Caspian Sea through Azerbaijan) and India (the Trans-Afghanistan Pipeline via Pakistan).
Turkmenistan, Pakistan sign declaration on gas purchase

After the talks between Turkmenistan and Pakistan a Joint Declaration on the sale of gas on Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project was signed in Islamabad. The Declaration was signed as a result of Turkmen President Gurbanguly

Berdimuhammadov's recent visit to Islamabad. He held talks with Pakistani President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani.

SOCAR buys out Exxon Mobil's Swiss division

The State Oil Company of Azerbaijan (SOCAR) signed agreement with Exxon Mobil over acquisition of its Swiss division, Esso Schweiz GmbH.

The agreement was signed between SOCAR and Exxon Mobil Central Europe Holding GmbH in Zurich, Switzerland.

The company will work under the Esso brand within 12 months after change of the owner. De-branding of business related to aviation, trucks, and oil storage tanks will be carried out 30 days after the completion of the transaction.

All existing contract commitments and production process will remain unchanged during the transitional period.

Following the completion of the transitional process in the third quarter of 2012, the company will start providing services under the new brand-SOCAR.

Following the acquisition of Esso Switzerland, the SOCAR has taken over a retail network consisting of 170 filling stations, a division specialized in fuel marketing for industry and wholesale clients (this division is responsible for household fuel and balloon gas sale to independent suppliers throughout Switzerland), gas filling station Wangen-Olten, filling stations, joint ventures specialized in aircraft fuelling at the Airports of Geneva and Zurich, and the Swiss Provision and Supply Company that controls joint ventures managing terminals and pipelines.

Azerbaijan's mining companies assume new obligations within EITI report

The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan discussed 2012 EITI Work plan, State Oil Fund of Azerbaijan said. Inclusion of social and customs payments to EITI reports, draft amendments to the Memorandum prepared by the Working Group and other issues on EITI implementation in Azerbaijan were discussed and appropriate decisions were made at the meeting

BP ceases using extractive platform for planned operations in Azerbaijan

BP, the operator developing the block of offshore fields Azeri-Chirag-Guneshli in Azerbaijan, has recently stopped work on the Western Azeri platform which is part of the technical maintenance programme of three extractive platforms in the Caspian Sea. The platform will be commissioned at the end of the month. According to the plan, the production on the three platforms, Eastern Azeri, Western Azeri and Central Azeri will be suspended in a planned sequence to ensure efficient technical maintenance. When working on one, the other two platforms located on the Azeri field will continue working.

Geophysical research starts on prospective block in Azerbaijani sector of Caspian Sea
Caspian Geophysical has launched 3D geophysical research on the Shafag-Asiman prospective block in the Azerbaijani sector of the Caspian Sea. SOCAR and the British BP are participants in the block's development. According to the contract, BP has taken on greater responsibility for the work on this block because it is located at a water depth of 750 meters. The projected reserves of Shafag Asiman are 500 billion cubic meters of gas and 65 million tons of condensate, SOCAR First Vice-President Khoshbakht Yusifzade said earlier.

Caspian Pipeline Consortium kicks off project on extension in Kazakhstan

The Caspian Pipeline Consortium kicked off a project on extension in Kazakhstan. The first stage of the project includes constructing oil pumping station in the cities of Tengiz and Atyrau and replacing welded pipes in the 88-kilometer sector of the highway by ones with large diameter. Kazakh oil, from the existing fields, including large Tengiz and Karachaganak and from Kashagan, where commercial production is expected to start in December 2012 - June 2013, will enter the extended pipeline system in the long term outlook. The total amount of investments will hit $5.4 billion.

Lukoil, Malaysian firm to build booster compressor station in Uzbekistan

Lukoil Uzbekistan and Malaysia's KNM Berhad Group (KNM) have signed a contract to construct a booster compressor station on the Khauzak-Shady plot worth about $72 million. According to the contract, KNM will develop working documents, supply equipment and render services for the supervision, installation, commissioning and staff training. The contract's implementation term is about two years.

Uzbekneftegaz commissions compressor station on Dengizkul field

National Holding Company (NHC) "Uzbekneftegaz" commissioned a booster compressor station on the gas condensate field "Dengizkul" (Kashkadarya, south of Uzbekistan) worth $77 million. Construction of the booster compressor station with capacity 3 billion cubic meters of gas per year was carried out within upgrading gas production facilities on the "Dengizkul" field. A preliminary gas preparation unit was reconstructed within the project. Ukrainian JSC Sumy Frunze NPO is supplier of main equipment.

Strengthening confidence-building measures in Azerbaijan-Armenia relations most important - Russian MFA
Strengthening confidence-building measures in Azerbaijan-Armenia relations most important - Russian MFA
Baku entitled to demand compensation from Armenia – Russian political analyst
Baku entitled to demand compensation from Armenia – Russian political analyst
US must choose between real ally Ankara and fictional history - Turkish presidential administration
US must choose between real ally Ankara and fictional history - Turkish presidential administration
Loading Bars
Latest
Azercell’s high-speed mobile internet continues to cover on and under the ground
High provision of reserves positively affects Azerbaijan's sovereign rating - Gazprombank
Azerbaijan establishes Commercialization & Technology Transfer Center
Azerbaijan's MoD shows footage from Zangilan's Najaflar village (VIDEO)
Azerbaijan maintaining stable credit position despite pandemic - Renaissance Capital
Azerbaijani currency rates for Apr. 23
Georgia, Bulgaria aiming for improvement of maritime shipping
Growing share of renewables to cause electricity price volatility
Azerbaijan enters era of fourth industrial revolution based on artificial intelligence - Ministry
India's posts world record daily COVID cases for second straight day
Situation in Azerbaijan’s Ganja city following Armenia's attack – war crime, French lawyer says
Georgia shares data on revenues from excise taxes in 1Q2021
EBRD aims to finance main economic spheres in Georgia
13 patients killed in hospital fire in western India
Azerbaijan applies world experience in construction of digital cities
Russia and Azerbaijan interested in Georgian mussels and oysters
Lending to legal entities, individuals in Azerbaijan's Nakhchivan drops
Georgia reveals volume of taxes, paid by its citizens
Azerbaijan discloses data on 1Q2021 oil export to Israel
EU leaders seek to lead climate action in carbon trading
NASA's Ingenuity helicopter logs another successful flight on Mars
More than 874,000 COVID-19 infections detected worldwide over past 24 hours
Iran cuts number of centrifuges enriching uranium to 60% purity, IAEA report says
3 rockets land near Baghdad airport in Iraq
Israel reports 189 new COVID-19 cases, 837,668 in total
Eight missing in Shanghai factory fire
Georgian FM meets Turkish counterpart in Bucharest
UN Environment, WHO support Georgia in deciding on regulation on lead paint
Uzbekistan’s business activity index sharply increases
55 new cases of "double mutation" variant found in UK in latest week
Azerbaijani athlete reaches final of European Artistic Gymnastics Championships
Azerbaijan's banking sector wraps up 1Q2021 with profit
Internet data transmission speed slightly down in Azerbaijan
National Bank of Georgia sells funds at foreign exchange auction
Georgia sees increase in vegetables export
State Customs Committee discloses export of natural gas from Azerbaijan to Georgia
Turkmen Ministry of Agriculture extends tender for purchase of necessary goods
Flydubai to resume flights at Georgian Batumi International Airport
Polymetal International boosts gold output in Kazakhstan, Russia
Brazil reports 3,472 more deaths
Kazakh gas supply company opens tender for construction of operational base
Georgia unveils data on exports of fruits and nuts in 1Q2021
Azerbaijan plans to increase production of fish and fish products
Turkey’s export of furniture and timber to Turkmenistan down
Kyrgyzstan ranks second in world in terms of cheapest mobile internet
Iran's annual exports of dried fruit, nuts grows %42
Georgia opens 69-th online session of UN Economic Commission for Europe
World community must know about Armenian atrocities in Azerbaijan – French lawyer
PM Modi announces India-US partnership on climate, clean energy
Azerbaijan Airlines to start operating special flights to London
Building of Azerbaijan’s Mud Volcanoes Tourism Complex to look like crater from above
Strengthening confidence-building measures in Azerbaijan-Armenia relations most important - Russian MFA
Georgia publishes budget performance report of 1Q2021
French lawyers arrive in Azerbaijan’s Ganja city, shelled by Armenia during war (PHOTO)
EIB financing helped to launch 60 satellites into space in 2020
EIB likely to support dev’t of renewable energy sphere in Azerbaijan
Azerbaijan shares data on number of vaccinated citizens for Apr. 22
Azerbaijan confirms 2,047 more COVID-19 cases, 2,610 recoveries
Baku entitled to demand compensation from Armenia – Russian political analyst
IATA revises 2021 forecasts of world airlines losses
Azerbaijan to open tourism bureau in Israel
Belarus to supply components for Azerbaijan to assemble tractors in 2021
Several more Russian airlines allowed to operate flights to Baku
EIB exploring new project ideas to support digitalization across Eastern Partnership
SOCAR won't participate in sales of Antipinski Refinery’s property
NCOC talks Marine Access Channels Project plans at Kazakh Kashagan field
Azerbaijan's Aghdam in complete ruins - French lawyer
Uzbekistan’s Central Bank notes decrease of inflation rate
EAG working on assessing Turkmenistan's compliance with FATF recommendations
Uzbekistan GTL to buy pipes via tender
Kazakhstan’s KazTransOil to pay out dividends for 2020
Economy Ministry shares data on revenues from Azerbaijan's non-oil and gas sector
Turkmenistan elected member of Executive Board of UN Entity for Gender Equality, Empowerment of Women
Historical monuments in Azerbaijan's Aghdam vandalized - French criminal justice attorney
Kazakhstan’s KazTransOil decreases oil transshipment volumes in 1Q2021
Turkmenistan increases processing of agricultural products
Turkmen company exports tomatoes to Austria
Autoclave gas blocks plant construction launched in Kazakhstan's Turkestan
Azerbaijan's Nakhchivan launches new communication facilities in 1Q2021
Azerbaijan's Nakhchivan sees decrease in insurance portfolio for 1Q2021
Iran’s Bahar Azadi gold coin price again falling
Azerbaijan's Nakhchivan State Statistical Committee shares data on reconstruction of roads
Equinor to electrify over 35% of its total oil & gas output base by 2025
Russia leads among countries exporting goods to Azerbaijan
Iran’s CBI allocates funds for import of essential products
Output from Georgian Enguri HPP to increase after reconstruction - Director of Enguri HPP
Azerbaijan shares footage from Jabrayil's Shahverdili village (VIDEO)
Tesla opens Tel Aviv pop-up store
Russian airline receives permission to operate flights to Uzbekistan
Uzbekistan’s 3M2021 retail trade turnover of small business decreases
Number of bank accounts increases in Azerbaijan’s Nakhchivan
American Airlines loss narrows as travel demand picks up
Azerbaijan jointly with Russia sets up car manufacturing enterprise
Number of innovative companies worldwide grows
Kazakhstan boosts production of coal, some petroleum products
Swiss president heads for damage-control EU summit
Etihad Airways to stop operating Boeing 777-300ER jets this year
Installation of info boards on roads leading to Azerbaijan's liberated lands continues (VIDEO)
French human rights activists visiting Azerbaijan's Aghdam (PHOTO)
Georgia increases imports of tomatoes from Azerbaijan
All news