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.

Iran declares number of enterprises restored in Qom Province
Iran declares number of enterprises restored in Qom Province
Iran exports over $30 billion worth of goods in 6 months
Iran exports over $30 billion worth of goods in 6 months
Iranian Energy Exchange announces products to be on sale October 21
Iranian Energy Exchange announces products to be on sale October 21
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Value of wood, furniture exports from Turkey to Uzbekistan down
Hungary reiterates its support for Azerbaijan's territorial integrity
Kazakh coal extracting venture opens tender to buy electricity generating unit
Kazakhstan’s Oil Construction Company to buy pipes via tender
Tashkent Stock Exchange's trade volume increases
State Commercial Bank of Turkmenistan holds another campaign to increase cashback
Сontracted capacity of Enagas storage facilities reach 100% of available supply
Uzbekistan’s car production up within 9M2020
Volume of electricity generation up in Uzbekistan
Azerbaijani ASB Bank's net income drops
Azerbaijani FM leaves for Moscow
Iran declares number of enterprises restored in Qom Province
Azerbaijan has enough resources to quickly restore economic growth rates - CBA's chairman
SOCAR among TOP importers of gasoline to Ukraine
Azerbaijan announces latest data on civilian casualties, damages caused by Armenia's attacks
Georgia reports 1,351 new coronavirus cases
Indian Monnet company looking to launch ferrosilicon production in Kazakhstan’s Pavlodar
Azerbaijani MoD shows footage of newly-liberated Chereken village (VIDEO)
GTL may help companies increase their portfolio of higher value finished products
Turkmenistan plans to buy medical helicopters from Russia’s Tatarstan
Georgia talks about main road construction projects
Battalion of Armenian Armed Forces' 556th regiment neutralized - Azerbaijani MoD
China's import of Turkish wood, furniture surges
Cotton fiber production increases in Uzbekistan
Azerbaijani oil prices decrease
It's wrong to compare economically strong Azerbaijan with Armenia, Trend's editor-in-chief on Al Jazeera TV (VIDEO)
President's aide talks about Armenian attacks on Azerbaijani cities on Oct. 20
Gasoline production increases in Uzbekistan
Jet fuel consumption to return to 2019 demand levels in 2025
Kazakhstan to amend state budget due to COVID-19 preventive measures
Georgia talks about ongoing, future projects in construction area
Night, day artillery firings of Azerbaijani Armed Forces (VIDEO)
UK keen to support Azerbaijan to develop renewable energy sphere
Turkmenistan considers measures to prevent entering of COVID-19 into country
Investments in Kazakhstan's agriculture surge
Azerbaijani currency rates for Oct. 21
Armenia must forever forget Khudafarin, says Azerbaijani MoD
First regular international freight train departed from China to Uzbekistan
Information on shot down Azerbaijani military plane - lie, says Defense Ministry
Kazakhstan's revenue from transport via pipelines down year-on-year
EU launches new initiative to support small and medium-sized firms in Georgia
Azerbaijan's Azercosmos shows satellite images of newly-liberated Zangilan city
Major General of Azerbaijani Interior Ministry passes away
Iranian currency rates for October 21
Member of the Nizami Ganjavi International Center, former President of Ecuador publishes article in Ecuador ElTelegrafo newspaper
Number of coronavirus cases in Uzbekistan approaches 65,000
Armenian Armed Forces' artillery chief, division, batallion commanders neutralized - MoD
Turkmenistan, India intend to hold regular meetings
Incurring losses, Armenian troops forced to retreat, Azerbaijani MoD says
Azerbaijan eyes to introduce domestic products to Arab markets
New power plants construction in Azerbaijan to allow export of electricity
Oil prices slip as U.S. inventory build stokes fears of supply glut
Turkey's furniture and timber exports to Kyrgyzstan down
MP states need to create Agrarian Bank of Azerbaijan
Azerbaijani Defense Ministry gives update on current hostilities
Strategy for long-term development of Azerbaijan energy sector to be developed until 2050
Foreign investors to invest about $400 million in renewable energy projects in Azerbaijan
Azerbaijan to put banknotes with updated design into circulation (PHOTO)
Express Bank reduces its net profit
Armenian armed forces shelling Azerbaijani Tartar district
Spain considering curfews to tackle new wave of coronavirus
Association of Restaurants demands meeting with PM
TOGG partners with Farasis for li-ion battery production in Turkey
Iran exports over $30 billion worth of goods in 6 months
Earthquake reported 386km away from Almaty
Sarajevo mayor underlines urban cooperation with Tehran
China's 2020 auto production and sales could return to 2019 levels
Amazon extends work from home option till June
Can Tesla hit 2020 delivery goal? Investors watch for Musk steer
Fiancee of Khashoggi, human rights group sue Saudi crown prince in U.S.
Iraqi security forces find 50 bodies in mass grave in Kirkuk
5.6 tons of cannabis seized in Morocco
Ex-Burundi president gets prison term for 1993 killing of victorious election opponent
DOJ lawsuit unlikely to knock Google from pole position
Footage of destruction of Armenian Armed Forces' military equipment, manpower published (VİDEO)
News spread by Armenian Defense Ministry that military operations being conducted in Khudaferin direction nonsense - Azerbaijani MoD
I want my dear people to know that the capture of every village and every height requires great courage - President Aliyev
We are saying whatever is possible today, says Azerbaijani president
Online election registry available for Georgian citizens residing abroad
We will continue to expel these liars, says Azerbaijani president
Armenia must declare before it is too late that it is withdrawing from occupied territories - President Aliyev
We are fighting alone and everyone knows that - President Aliyev
President Aliyev on destroyed and taken as military boot military equipment of Armenian armed forces
Armenian leadership already on their knees, we have shown them place they deserve - Azerbaijani president
Azerbaijan conducts military operations on its territory recognized by international community, says President Aliyev
Our fist is there not only to smash the enemy’s head. Our fist is a fist of unity - President Aliyev
AstraZeneca U.S. COVID-19 vaccine trial may resume as soon as this week
We are on the threshold of the Great Return - President Aliyev
Victorious Azerbaijani Army gaining new victories on battlefield, says Azerbaijani president
Professional journalist, Azerbaijan`s and AZERTAC`s friend He Ping appointed as President of Xinhua News Agency
They simply deceived us and international mediators - President Aliyev
Turkey reports 1,894 new COVID-19 cases, 351,413 in total
Int’l conference on 175th anniversary of Abai held in Kazakhstan
FLEX Alumni sends letter to attention of US Ambassador in Azerbaijan
Azerbaijan Air Defense Units destroy another UAV of Armenian armed forces
Senior diplomat: Iran has nothing to hide about Ukrainian plane incident
Armenian armed forces units in Gubadli direction destroyed (VİDEO)
Azerbaijan's MoD warns about sharing unnofficial information on social media
Azerbaijani ombudsman prepares report on Armenia’s shelling of Ganja with ballistic missiles
Three new cable cars built in Georgian Bakuriani
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