Major events in Caspian countries' oil and gas industry for last week (April 23-28)

Major events in Caspian countries' oil and gas industry for last week (April 23-28)

EC, Azerbaijan can complete talks on guarantees for Trans-Caspian gas pipeline in mid-2012

Talks between the European Commission and Azerbaijan on guarantees for the Trans-Caspian gas pipeline could be completed in mid-2012, EU Energy Commissioner Guenther Oettinger said at the lobby of the conference Energy Dialogue Russia - EU: Gas Aspect. It was reported earlier that an intergovernmental agreement, which should fix quota of Turkmen gas in a project of the Southern energy corridor should be signed between Azerbaijan and Turkmenistan with the assistance of the European Commission. According to experts, legal basis for the construction of the Trans-Caspian gas pipeline, which guarantees freedom of transit of fuel in Europe can be created this way.

SOCAR, Bulgarian Energy Holding sign memorandum of understanding

SOCAR and the Bulgarian Energy Holding signed a memorandum of understanding on cooperation in Baku. The memorandum was signed during a Bulgarian delegation led by Prime Minister Boiko Borisov's visit to Azerbaijan. Bulgaria intends to purchase Azerbaijan gas. Earlier, SOCAR and Bulqartransqaz created a working group which is considering a project of supplying Azerbaijani gas to Bulgaria.

Shah Deniz consortium waits for formal submission from SEEp and Nabucco West

The consortium of Azerbaijani Shah Deniz field development waits for the formal submission from the projects on Central European pipeline route by May 16, BP's Vice President for Shah Deniz Development Alasdair Cook said. "For this route we are currently considering two options - SEEP (South East Europe Pipeline) and Nabucco West, a new proposal has been recently provided by Nabucco. We are pleased to see the continued progress of these options and are waiting for formal submissions from them by May 16," Cook said. He added that this will enable consortium to make a fully informed decision for Central European route in June. "Once that has been done, we'll then work with the winner of the Central European route and TAP to develop these projects further," he said.

Preliminary date of work under Shah Deniz 2 revealed

According to a preliminary schedule provided for the work, the export of gas in the second stage of the development of Shah Deniz gas condensate field may begin in early April 2017, a source in oil and gas market said. The source noted that according to the schedule, the construction of two platforms, which are provided in the second phase of field development, should be completed before the end of 2015. The platform and the necessary infrastructure must be ready to operate in October 2016. Accordingly, a contractor of construction works will be officially announced in December 2012 - January 2013, the source said. "Determination of the contractor during this time frame will allow to fully mobilize in the first half of the year, and to start construction in July," the source said.

SOCAR completes 3D-seismic survey in land area

SOCAR has completed 3D geophysical studies on the Padar land area and the adjacent block of prospective structures. The operator is Kura Valley Development Company. The Russian RussNeft has an 80 percent and SOCAR's affiliated company - 20 percent. Also, SOCAR will deal with the processing and interpretation of received data.

Gazprom does not plan gas swap transactions with Central Asian countries

Russian Gazprom unlikely to permit Kazakhstan and Uzbekistan to sell their gas to Europe through its pipelines, Gazprom's Information Department said. "It will unlikely to take place," the Information Department said.

Fitch assigns Georgian Oil and Gas Corporation 'BB-' rating

Fitch Ratings has assigned Georgian Oil and Gas Corporation JSC (GOGC) a Long-term foreign and local currency Issuer Default Rating (IDR) of 'BB-'. The Rating Outlook is Stable.

Malaysian firm Petronas to reduce resource base in Uzbekistan

Malaysian Petronas Carigali Overseas Sdn. Bhd. (Petronas) and the National Holding Company (NHC) Uzbekneftegaz have reached an agreement to withdraw from the Production Sharing Agreement (PSA) in the Urga field to develop gas condensate fields in the Ustyurt region of Uzbekistan. This decision was made due to the fact that Petronas considers further development of the field unprofitable. Decree which legally confirms the change of the resource base of the investor, may be signed in April - May 2012. Withdrawal from the project in the Urga field will not mean the termination of the PSA with Petronas on Ustyurt. The Malaysian company will continue to work in the fields of the Kuanysh and Akchalak group in the Ustyurt region which are included in the PSA.

Georgia and Israel agree on legal employment
Georgia and Israel agree on legal employment
Israel Canada to build 450 prestige homes in Hod Hasharon
Israel Canada to build 450 prestige homes in Hod Hasharon
Delegation of Israeli doctors in Azerbaijan to continue providing support to Azerbaijani soldiers (PHOTO/VIDEO)
Delegation of Israeli doctors in Azerbaijan to continue providing support to Azerbaijani soldiers (PHOTO/VIDEO)
Loading Bars
Azerbaijani Finance Ministry to auction mid-term government bonds
Russia reports over 8,700 daily COVID-19 cases
Turkmen company exports batch of formwork sheets to Turkey
Delegation of Turkic Council visits Azerbaijan’s Aghdam Juma Mosque (PHOTO/VIDEO)
Delegation of Turkic Council visits Imarat cemetery destroyed by Armenians (PHOTO/VIDEO)
President Ilham Aliyev plays very important consolidating role in Turkic Council - SecGen (EXCLUSIVE)
Buy/sell operations at Iran Mercantile Exchange disclosed
Georgia reports 707 coronavirus cases, 592 recoveries, 8 deaths
Uzbekistan, Turkey strengthen trade, economic co-op
Visit of Turkic Council's delegation to liberated Aghdam starts (PHOTO)
Weekly review of Azerbaijani precious metals market
8 rescued, 21 trapped in coal mine accident in Xinjiang
Iran discloses details of exports from industrial parks of Semnan Province
Accident reported at Iran's nuclear facility
Copper ores and concentrates rank first in list of Georgian export
Azerbaijani MoD shows footage from Fuzuli's Ashaghi Rafadinli village (VIDEO)
President of Kyrgyzstan casts vote in local council elections, referendum
India records over 150,000 daily COVID-19 cases, tally at 13,358,805
Saudi-led coalition intercepts Houthi drone
Turkmenistan signs decree on rice production
Number of enterprises put into operation in Iran's Gilan Province revealed
Azerbaijani Gadabay's Executive Office to engage landscaping services via tender
Turkish Airlines to put its 737 Max jets back in the air next week
Kazakh COVID-19 vaccine to be bottled in Turkey
Submarine cable to connect electrical networks of Georgia, Europe to be additional direct channel for telecommunication traffic
IMF, World Bank urged to contain pandemic with fair, efficient distribution of vaccines
South Korean battery makers agree last-minute deal in boost to Biden's EV policy
Egypt, Sudan reject Ethiopian proposal for data sharing on Renaissance dam
Bezos, Musk top Forbes' record-setting billionaire list
Turkey registers more than 52 600 new coronavirus cases
China-Brunei trade grows by over 70 pct in 2020
Argentina's economy minister heads to Europe to woo finance officials over debts
US boosts imports of Turkish-made clothes
Turkey sends off 2nd boron export train to China
First kidney transplant performed in Turkmenistan
Bahar Azadi gold coin price continues to fall in Iran
Iran unveils data of gasoline and petrochemicals exports
New transmission line to provide opportunities for both Georgia’s and EU energy network - expert
Weekly review of key events in Azerbaijan's transport sector
China fines Alibaba record $2.75 billion for anti-monopoly violations
Italy reports 344 coronavirus deaths on Saturday, 17,567 new cases
Azercell’s “Kabinetim” mobile app exceeded 1 million downloads
Pakistani FM to visit Tehran
Funeral for UK's Prince Philip to be held on April 17
Pinterest becomes latest platform to appoint Turkey representative
Italy's economy seen growing 4.1% this year
Volume of cargo loaded, unloaded in Iran’s Bandar Lengeh port announced
Turkmenistan’s growth of trade turnover in 1Q2021 announced
Turkish electrical goods' 1Q2021 export to Uzbekistan spikes
Azerbaijani president's assistant talks Turkic Council media co-op's systematization
Hungary considers Turkic Council member states important partners
Iran's Energy Exchange announces products to be on sale on April 11
Uzbekistan ready to actively partake in restoring Azerbaijan's liberated territories
Azerbaijan confirms 2,192 more COVID-19 cases, 1,554 recoveries
Turkey did its best in media coverage of Azerbaijan's Patriotic war - presidential administration
Azerbaijani president's assistant meets with Turkic Council's secretary-general
Briefing of Turkic Council's high-ranking media officials held in Baku (VIDEO)
Anti-Turkic campaigns periodically carried out - Azerbaijani president's assistant
Azerbaijan's victory in Second Karabakh War is victory for entire Turkic world - top official
Azerbaijan working to develop ties between Turkic states - president's assistant
Turkic Council developing roadmap for better co-op with Turkic-speaking countries
Turkic-speaking countries to continue to support Azerbaijan - Turkic Council
Armenia's refusal to provide maps of mines on Azerbaijan's lands is concerning - ambassador
Turkic Council's meeting held in Baku (PHOTO)
Iran reveals COVID-19 data for April 10
Kazakh, Uzbek PMs launch construction of new 'Central Asia' int'l co-op center
Turkish Ambassador: I've never separated Azerbaijan and Turkey, both are homeland to me
Buta Airways to Start Operating Flights to Zhukovsky Airport
Turkey's support for Azerbaijan in Karabakh war will always be in our memory - President Aliyev
Azerbaijan's MoD organizes visit for foreign military attaches to Air Force military unit
Turkish-Azerbaijani fraternal relations are at highest level today - President Aliyev
Iran's exports via Jolfa border checkpoint increase
Georgia reports 506 new coronavirus cases for April 10
SOCAR's capex to moderate due to SGC, STAR refinery’s commissioning
Certain licenses issued to setting up enterprises in Iran's Markazi Province
Turkey unveils 2M2021 data on freight, passenger traffic through Ankara Esenboga Airport
Azerbaijani oil prices up
Fitch Affirms SOCAR at 'BB+'
Turkmenistan's state budget revenues surpass initial forecast
Georgian TBC Leasing's secured debt rating equalizes with its Long-Term IDR
Azerbaijani president awards former Turkish ambassador with 'Dostlug' order
President Ilham Aliyev receives Turkish Ambassador to Azerbaijan Erkan Ozoral (PHOTO)
Turkmenistan's GDP grows in 1Q2021
Weekly review of Azerbaijani currency market
Iranian currency rates for April 10
Azerbaijan has favorable investment climate - Turkish MUSIAD
Azerbaijani Mine Action Agency continues to clear Gubadly, Zangilan, Jabrayil from mines
India reports a record 145,384 COVID-19 infections
Armenia set up booby traps on Azerbaijan's de-occupied lands - Mine Action Agency
Azerbaijan's rhythmic gymnasts 2-nd in online tournament organized by Finnish Gymnastics Federation
Azerbaijani gymnastics team captures silver in Egypt (PHOTO)
China's top market regulator imposes penalty on Alibaba Group over monopoly conduct
Iran's Isfahan producing 2,100 tons of medicinal herbs
Japanese entrepreneurs intend to increase imports of Kyrgyz honey
Austrian companies eye contribution to Georgian ports' expansion - ministry
Turkey reports 55,791 new COVID-19 cases
Germany to amend law for nationwide COVID-19 response
World Bank says Azerbaijan's consumer market to grow till 2023
Janssen's COVID-19 vaccine under EU review over blood clots
Number of COVID-2019 cases across globe up by over 718,000 in past day, says WHO
All news