Major events in Caspian countries' oil and gas industry for last week (July 2-7)

Major events in Caspian countries' oil and gas industry for last week (July 2-7)

Euro-3 ecological standard to be introduced in Azerbaijan

A new standard of fuel and emissions of harmful substances by vehicles - Euro-3 will come into force in Azerbaijan from August 1, the Azerbaijani State Committee for Standardisation, Metrology and Patents said. The period of applying the ecological requirements for the third ecological class (Euro 3) envisaged by AZS 636-2012 standard 'Vehicles. Ecological Classes' will be determined by the Azerbaijani Cabinet of Ministers. Depending on the level of emissions envisaged by the design, the vehicles are divided into six ecological classes in accordance with AZS 636-2012 standard.
Volume of gas production at Shah Deniz amounts to about 23 mln cubic meters per day
Currently the volume of gas production at Shah Deniz amounts to about 22-23 million cubic meters per day, a source of oil and gas market told Trend. The source noted that there are five wells on the field.
In addition, the field produces about 5.5 tons of condensate per day.

Partners on Absheron field in Azerbaijan confirm major gas reserves

French Total on behalf of the partnership SOCAR - Total - GDF Suez issued 'Notice of Discovery and Commerciality' for Absheron field discovery in the Azerbaijani deep waters of the Caspian Sea, the company's statement says. The well results indicate gas resources of 150 to 300 billions of cubic meters (bcm) on the Northern compartment of the structure, the statement says.

SOCAR: Decision to select gas pipeline for Azerbaijani gas transportation to be made in May 2013

In May 2013, the Shah Deniz project partners will make a decision to select one of the gas pipeline routes for transportation of Azerbaijani gas to Europe, President of the State Oil Company of Azerbaijan (SOCAR) told journalists. At present, the partners are evaluating two routes - Nabucco-West and the Trans-Adriatic Pipeline (TAP). He said the partners of the Shah Deniz Consortium intend to purchase most of the equity in the gas pipeline project which will be selected for the transportation of gas to Europe.

SOCAR-Statoil research agreement schedule named

Norwegian Statoil signed a Joint Study Agreement (JSA) with the State Oil Company of Azerbaijan (SOCAR) on a geological and geophysical work evaluation of a shallow water area north-west of the Apsheron Peninsula, Statoil said in its statement.
The State Oil Company of Azerbaijan (SOCAR) and Statoil will process seismic data in the shallow waters of the north-western part of the Absheron Peninsula within six to eight months, the source in SOCAR said.
The source said that the work will cover Simal Absheron Deniz, Shimal-gerbi Absheron kechid and the coastal strip of Guba (the northern region of Azerbaijan).
Joint work envisages processing and interpretation of two and three-dimensional seismic data in the territory
"After data processing, their interpretation will be held during a year," the source said. "In total, the work will take about two years".
As Statoil said the company under the contract will re-evaluate the existing geological and geophysical data by using modern technology. No work was conducted on this area earlier.

Pars gas pipeline construction may begin in 2013

The Pars gas pipeline construction designed to supply Iranian gas to Europe via Turkey could begin in 2013, Turang Transit Transportation, implementing a project in Turkey, told Trend.
"The tender will be announced during the first months of next year to find a contractor to carry out construction work within the project," the company employee dealing with this project Kasim Oztash told Trend.
Oztash stressed that the route of the project, passing through Turkey, will be changed. Thus, the new route of the gas pipeline envisages gas transportation through the Turkish provinces of Gumushane, Kirshehir, Kutahya and Tekirdag. "These changes will reduce the Pars project route and facilitate its implementation," he added. Oztash stressed that the length of the gas pipeline from the eastern border of Turkey to the western will hit 1,750 kilometers. Its capacity is estimated at 35 billion cubic meters of gas. According to recent estimates, the cost of the project hits 5.5 billion euros. All the details of Pars project have been negotiated by the parties," he added. All preliminary work within the project has been completed. The project is being supported by the Turkish Ministry of Energy and Iran's Ministry of Petroleum. They signed an agreement to implement the Pars project on November 17, 2008," Oztash said.

Iran's minister: New oil reserves discovered

New petroleum reserves have been discovered in the Iranian Yadavaran field, adding 5.55 billion barrels to the country's exploitable reserves. Oil Minister Rostam Ghasemi, who told Shana news about the discovery, said Yadavaran is producing 20,000 barrels of oil a day currently. When the field's second phase becomes operational, 200,000 barrels of oil will be added to Iran's daily production. Yadavaran is 70 kilometers southwest of Ahwaz in Iran's oil rich Khuzestan Province. It sits on the Iran, Iraq border and is shared by the two countries. Estimates say there are more than 12 billion barrels of oil in Yadavaran and that number could increase to 30 billion barrels.

Dragon Oil announces about successful oil well drilling in Turkmen section of Caspian Sea

The Oil and Gas Company in UAE, Dragon Oil in its press release announced about successful completion of the next phase of drilling operations in the Turkmen section of the Caspian Sea. The question is about a well on the Dzheitune (Lam) C/173 field. The well was completed as a dual producer to a depth of 3,015 metres. The combined initial flow rate is 2,918 bpd. The Cheleken project has been implemented in Turkmenistan since the mid-1990s. The development is executed in the Dzheitune and Jigalibek fields on the shelf of the Caspian Sea. The proved and probable remaining oil reserves on the contract area are about 300 million barrels of oil and more than 3 trillion cubic feet of gas. So far, the company has invested over $2.3 billion in the development of fields in the contract area Cheleken.

Oil accounts for major part of exports from Azerbaijan to Croatia, says ministry
Oil accounts for major part of exports from Azerbaijan to Croatia, says ministry
Volume of gas consumption in Iran revealed
Volume of gas consumption in Iran revealed
Austrian OMV oil company to start gas exploration in Georgia
Austrian OMV oil company to start gas exploration in Georgia
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Speaker of Azerbaijani Parliament met with Russian FM (PHOTO)
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Austrian OMV oil company to start gas exploration in Georgia
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Kazakhstan’s Oil Construction Company to buy pipes via tender
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Iran to begin studies related to Sanandaj-Bashmakh route
Kazakhstan Railways opens tender to buy electric generators
Review of dairy products exported by Georgia to Azerbaijan
Israel's Mobileye, Dubai's Habtoor partner on self-driving cars
Georgia exports first batch of honey to Azerbaijan
Azerbaijan developing vaccination strategy against coronavirus
Auction on placement of Azerbaijani Central Bank's short-term notes held
ADB talks opportunities for financing of projects in Azerbaijan
Kazakhstan's crude oil exports to Netherlands surge in 1H2020
Turkmen company plans to cover domestic demand for viscose thread
Volume of lending in Azerbaijan’s Nakhchivan Autonomous Republic increases
Volume of maritime cargo transshipment from S.Korea via Turkey detailed
Ukrainian International Airlines FlyUIA announces flights to Georgia
Kazakhstan's passenger cars export value to Azerbaijan revealed
Turkmen company for polypropylene production thread revealed export volumes
Turkish BOTAS discloses volume of oil shipment from Ceyhan terminal
Iran declares volume of areas put into operation in agricultural parks
Revenues of Azerbaijani Nakhchivan's mobile communication operators up
Speaker of Azerbaijani Parliament: Armenian PM's statements undermine international efforts for peaceful settlement of Karabakh conflict
Georgia's import of tubes, pipes, hollow profiles from Turkey up
Turkmenistan’s Turkmennebit exceeds volume of oil production
Non-cash payments getting increasingly popular in Azerbaijan
Kazakhstan’s QAZAQ AIR resuming flights on more domestic routes
Foreign trade turnover of Azerbaijan's Nakhchivan grows
Iran imports flu vaccine as possible medicine against COVID-19
Paris Eiffel tower evacuated
World GDP spent on energy to be halved by 2050
RAEX: Structural reforms in public sector of Uzbekistan’s economy to support the economic development
AZAL launches special flights to Ankara and Antalya
Turkey remains main importer of flours, meals, pellets from Georgia
Ways for decarbonizing operations of oil & gas companies
China's import of ready-made clothing from Turkey spikes
Geostat reveals volume of ferroalloys exported by Georgia to Turkey
Construction of Ashgabat-Turkmenabat highway continues
Asian Development Bank expanding support program in Azerbaijan
Oil & gas industry to become world’s carbon waste disposal agent
Number of people infected with coronavirus (COVID-19) in Iran exceeds 430,000
Georgians traveling to Estonia to be obliged to go through 14-day self-isolation
Value of exports from Iran’s Kohgiluyeh and Boyer-Ahmad Province climbs
GDP data of Azerbaijan's Nakhchivan revealed
Georgia reveals volume of fish exported to Azerbaijan
Azerbaijan's State Service on Property Issues to put up several enterprises for auction
Iran reveals details of exports from Yazd Province
Georgia reduces import of medicaments from Turkey
Iran threatens to exit from NPT and JCPOA
Precious metal prices in Azerbaijan down
Iran's Shazand Oil Refining Company opens tender to buy equipment
Mayor of Israeli city: Azerbaijan no doubt very tolerant country
Russia increases volume of cement imports from Turkey
Iran discloses amount of currency returned to country economy
Bulgarian MEP: Azerbaijani oil, gas pipelines strongly contribute to pan-European energy security
SOCAR Energoresource, Tyumen Oblast ink agreement on socio-economic cooperation
Azerbaijani president, first lady view landscaping work carried out in Balakhani settlement (PHOTO)
Inflation rate grows in Iran
Inflow of labor migrants from Turkey to Turkmenistan decreases
Azerbaijan holds auction on state-owned enterprises
Daily new coronavirus cases reach record in Israel
Several UAVs and military helicopters handed over to Iranian Armed Forces
Bulgarian MEP: Lasting settlement of Karabakh conflict lies in meaningful negotiations
Neste and Shell to increase supply of sustainable aviation fuel
Uzbek-Korean Gas Chemical LLC to build hydrogen and nitrogen storage station
Turkmenistan increases import of Turkish-made electrical goods
Turkmenhimiya opens tender for turnkey construction of production complex
Several more Russian enterprises get right to export fish products to Azerbaijan
Uzbekistan to develop engineering and communication networks in Fergana region
Construction Cost Index increases in Georgia
Azerbaijan's ADIF reveals amount of сompensations made to depositors of closed banks
Russia records over 6,400 new coronavirus cases
Platform installed in field of Iranian Offshore Oil Company
Italy eyes to create saffron plantations in Uzbekistan
EBRD allocates loan to Georgian Oil and Gas Corporation
Turkmenistan to create international legal instrument of energy transit
Azerbaijani oil prices rebound
S. Korean commercial vehicle plant to be constructed in Uzbek region
Speaker of Azerbaijan's Parliament meeting with Russian FM starts (PHOTO/VIDEO)
Ismail Seralgeldin: UN should activate all possible diplomatic channels to search for just settlement of Karabakh conflict
Iran improves trade balance of agricultural goods
Georgia reports 227 new COVID-19 cases
Chairperson of Azerbaijani Parliament: We hope Russia make its best to resolve Nagorno-Karabakh conflict
Coca Cola Bottlers Georgia sets to produce new brand of mineral and fresh water
Azerbaijani entrepreneurs developing economic ties with business entities in Europe, Asia
Oil falls after surprise increase in U.S. crude inventories
Former ambassador: Azerbaijan performs Non-Aligned Movement's struggle against occupation
Shell’s and Total’s portfolios could be of interest to BP: studies
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