Major events in Caspian countries' oil and gas industry (Dec. 19-24)

Major events in Caspian countries' oil and gas industry (Dec. 19-24)

Azerbaijan to continue coordinating energy in GUAM

The GUAM countries supported a proposal of Azerbaijan on coordinating the organization's Working Group on Energy in 2012.

Such a decision has been reached following the fifth meeting of the Working Group on Energy in Baku.

Moreover, the countries agreed to ask the Council of National coordinators to include in the agenda for negotiations of GUAM-Japan the financing of business case projects in the field of transportation of natural gas (LNG) in the Black Sea-Caspian region.

The parties will also activate cooperation in the field of energy for developing new projects to obtain the aims "Development strategy of sectoral cooperation of the GUAM" in the field of energy.

Contract on Uzbek gas supply to China signed

Uztransgaz, a division of the Uzbekneftegaz National Holding Company which controls the movement of gas transportation and supply in Uzbekistan and the PetroChina International Company, a division of the China National Petroleum Corporation (CNPC) signed a contract to supply Uzbek gas to China. According to the information, the export contract was signed in October this year.

The contract was signed on the basis of an intergovernmental agreement on the principles of construction and operation of the Uzbekistan-China gas pipeline and the agreement of the basic conditions of the contract of purchase and sale of natural gas between Uzbekneftegaz and CNPC, signed this year.

The term or volume of natural gas supplies envisaged by the export contract were not indicated.

According to independent sources, gas supplies from Uzbekistan to China were to begin in 2012. Initially, natural gas from Uzbekistan will be supplied through the second branch of the gas pipeline. After the third branch is constructed, the technical possibilities for the export of Uzbek gas will significantly increase.

In accordance with the framework of the agreement, China plans to buy 10 billion cubic metres of natural gas in Uzbekistan annually.

New head appointed to KazMunaiGas

Lazzat Kiinov has been appointed as Board Chairman and member of Board of Directors at the Kazakh oil and gas company KazMunaiGas.

KazMunaiGas Board Chairman Bolat Akchulakov's authorities were suspended by agreement with the Kazakh Prime Minister by a decision of the Kazakh Samruk-Kazina National Welfare Fund's Board of Directors.

Earlier Lazzat Kiinov served as Deputy Oil and Gas minister of Kazakhstan.

SOCAR to increase its share in Turkish joint venture

TURCAS Petrol and State Oil Company of Azerbaijan (SOCAR) began negotiations for the transfer of 25 percent share of Turcas Petrol in the joint venture SOCAR-Turcas of SOCAR.

Talks are held on the purchase of 18.5-percent share of SOCAR-Turcas in a project to build a refinery in Izmir by SOCAR.

Turcas and SOCAR are parties of the joint venture - co-owner of a petrochemical complex Petkim.

BP launches Central Azeri platform in Azerbaijani sector of Caspian Sea

BP (operator developing the block of offshore fields "Azeri-Chirag-Guneshli" in Azerbaijan) has launched the Central Azeri platform. Its activity was suspended within the technical maintenance program of three extractive platforms in the Caspian Sea.
All the operations planned to be conducted on the platform have been successfully completed.

Kazakhstan-China pipeline capacity to increase to 12 million tons

A new oil pumping station which will increase the capacity of the Kazakhstan - China pipeline from 10 million to 12 million tons was commissioned at the Usharal station in southern Kazakhstan.

"Launching the pumping station No 11 (NPS-11) is of great importance for the energy sector of Kazakhstan. NPS-11, which is an important part of the Kazakh-Chinese project Atasu - Alashankou, will increase the productivity of the oil pipeline from 10 to 12 million tons a year," the Kazakhstan-China Pipeline Company said.

Situation stabilizes in Zhanaozen

The production facilities of KazMunaiGas Exploration Production were not damaged during the riots in the city of Zhanaozen, KMG said.

Stability is preserved in Uzen.

The security was ensured at all industrial facilities of Ozenmunaygaz's industrial branch. All employees of Ozenmunaygaz and KarazhanbasMunai companies restored their activity.

US plans to sign 5G security memorandum with Georgia
US plans to sign 5G security memorandum with Georgia
Huawei phone prices rise in China on fears of chip shortage
Huawei phone prices rise in China on fears of chip shortage
Computer technology distributor to develop IT industry in Uzbekistan
Computer technology distributor to develop IT industry in Uzbekistan
Loading Bars
Latest
Sulfur production increases in Kazakhstan in Aug, 2020
Russia to invest in modernization of power generation field of Uzbekistan
Kazakhstan, Turkmenistan in talks on gas exports
Minister: Georgia moving towards period of adaptation
Average daily volume of gas production at Turkmenistan’s Uchaji field revealed
Azerbaijan Deposit Insurance Fund continues compensating depositors of closed banks
Azerbaijan raises propylene production
Georgia sees increase in hazelnuts exports
Pumps producer terminates memorandum with Kazakhstan's largest oil pipeline company
Iran's industrial production increases
Kazakh coal extracting venture opens tender to buy vehicles
French imports of leather goods from Turkey down
Georgia imports more steel from Turkey
Volume of delivered oil at Turkmenbashi Oil Refinery published
Azerbaijan unveils timeframe for commissioning road to highest mountainous village
Central Bank of Azerbaijan lowers interest rate
Azerbaijani ambassador talks Armenia's military provocation against Azerbaijan in popular US radio show
Iran and Pakistan discuss trade between border provinces
PETRONAS's upstream volumes to fall by about 4%
Ryanair cuts October capacity, blames travel restrictions
BMB Trade Group eyes to expand export products of Uzbekistan
“My Bakcell” – the ultimate solution for managing your account
EBRD to back up solar plant construction in Kazakhstan’s Karaganda
Kazakh Ministry of Ecology talks restrictions in industry sector
Georgia reveals volume of exported peaches and nectarines
Minister: Issue of Armenians destroying Azerbaijani historical monuments always on agenda
Georgia’s foreign debt increases
Turkmenistan, Kazakhstan interested in joint gas chemical projects
Kazakhstan's petroleum products export to Russia down twofold
Turkmenbashi sea port opens tender for repair of harbor crane
First Vice-President Mehriban Aliyeva makes Instagram post on National Music Day (PHOTO)
Italy to assist in attracting EU companies for cooperation with Azerbaijan
US plans to sign 5G security memorandum with Georgia
Uzbekistan achieves chemical enterprises development despite COVID-19
Nagif Hamzayev: The spectator approach to the process exacerbates the situation
Jordan to jail organisers of large social events to stem COVID-19 spike
PMCG reveals August dynamics of hotel prices in Georgian regions
Azerbaijan expanding use of modern irrigation systems
SOCAR starts repair of submersible electric motors
Russia records 5,905 new daily coronavirus cases
Apple to launch first online store in India next week
Israel imposes second coronavirus lockdown during high holidays
Ambassador: Italian companies interested in Azerbaijan
Gazprombank: Azerbaijani economy to rebound by year-end
Uzbekistan resumes international transport communication
Impetus to be given to cargo traffic through ports of Kazakhstan, Turkmenistan
Real Gross Domestic Product declines in Georgia
EU: Cooperation with Azerbaijan on oil, gas supply continues despite COVID-19 pandemic
SOCAR Turkey’s Kayserigaz expanding to new areas
Uzbek confectionery to be exported to China
Kazakhstan developing mineral resources data system
Letter of Azerbaijan's FM on Armenia's illegal activities in occupied Azerbaijani lands published as UN document
Timeline for commissioning railway to Azerbaijan's Gabala revealed
COVID-19 cases exceed 3,000 in Georgia
UK retail recovery continues apace in August
Ericsson to acquire Cradlepoint in $1.1 billion deal
Kazakhstan's revenue from transporting cargo via internal water surges
Azerbaijan's State Customs Committee, World Bank to implement joint projects
Georgian APM Terminals Poti handles out of gauge cargo with mobile harbor cranes
GIE highlights Southern Gas Corridor’s role in ensuring South-East Europe’s energy security
Turkmenistan, Saudi Arabia to increase partnership in oil, gas sector
Number of coronavirus cases in Uzbekistan approaches 50,000
New textile shops opened in Turkmenistan
Azerbaijani currency rates for Sept. 18
Emirates sets up Kosher Arabia for airline food
Number of Turkish migrant workers in Israel rises
European gas infrastructure to help deliver Green Deal objectives
Kazakh demand for real estate in Turkey grows
Azerbaijan’s postal operator joins Central Bank's search system
Road expansions on Azerbaijani-Russian border
Iran discloses details of exports via Kermanshah Province
Global marketed utilization for floating rigs could dip to 56%
Oil eases as U.S. production returns after storm
Armenia violates ceasefire with Azerbaijan 38 times
Kazakhstan’s Almaty Power Stations JSC opens tender to buy pumps
Georgian Mingrelian Tea company plans to increase list of exporting destinations
Turkey increases trade turnover with US
TAP project almost 98% completed
Apple to launch first online store in India next week
Chinese mainland reports no new locally-transmitted COVID-19 cases
China’s Universal Energy sets up remote management to maintain its renewable projects in Kazakhstan
Trump will deliver U.N. speech next week from White House
Bolivian interim President Anez withdraws from election race with socialists ahead in polls
Biden lambastes Trump over 'close to criminal' COVID-19 response
COVID-19 deaths in Brazil close to 135,000
Italy's exports and imports grow in July
Global COVID-19 cases surpass 30 mln -- Johns Hopkins University
ByteDance plans TikTok IPO if U.S. clears deal
Eight coronavirus patients die in Moscow in past 24 hours, says crisis center
Trump to announce $13 billion in farm aid on Thursday
Germany donates 63 mln USD to UN relief agency's program
Minsk forced to shut down borders with Lithuania, Poland and boost control with Ukraine
Turkey's trade turnover with Russia rising despite pandemic
Israel ready to deepen bilateral relations with Kyrgyzstan
Foreign Minister – Rescheduling of elections is not considered
Turkey records heavily low cargo shipment through Antalya Airport
Iran may allow increase of cargo transportation limits for Azerbaijan
Trump plans executive order to punish arms trade with Iran
U.S. charges three Iranians over satellite tech firm hacking
23 soldiers, 31 militants killed in clashes in Afghanistan: officials
All news