Major events in Caspian countries' oil and gas industry for week (Dec.17-21)

Azerbaijani President receives BP director

President of Azerbaijan Ilham Aliyev received Robert Dudley, BP Chief Executive Officer.

The sides have expressed satisfaction with the development of cooperation between Azerbaijan and BP, and also stressed the achieved effective results on the fields, developed jointly in Azerbaijan, as well as on the "Azeri-Chirag-Guneshli", "Shah Deniz" fields. They also discussed the issues related to the current situation and prospects of cooperation.

Robert Dudley also held talks with SOCAR head Rovnag Abdullayev.During the meeting, Abdullayev approved the subcommittee's activities towards the development of the "Azeri-Chirag-Guneshli" oil and gas fields that were established by a decision of the Steering Committee for the development of the "Azeri-Chirag-Guneshli". They were intended to initiate action and prepare short-and long-term plans for field development.

EU, Azerbaijan confirm commitment to negotiations with Turkmenistan on Trans-Caspian Pipeline

The EU-Azerbaijan cooperation in the energy sector was discussed in Brussels. During the thirteenth meeting of the Cooperation Council between the EU and Azerbaijan the sides confirmed their commitment to the negotiations with Turkmenistan on the construction of the Trans-Caspian Pipeline.

SOCAR continues work on the development of large gas and condensate fields in the Caspian Sea

The State Oil Company of Azerbaijan (SOCAR) is considering the installation of a second platform in the Umid field in the Azerbaijani sector of the Caspian Sea, the company source stated.

According to the source, the installation of a new platform is being considered, as it is required for full scale field development.

The source stated that at the present time, work is underway on the drilling of a third well in the field. Previously, two exploration wells were being drilled there, one of which is currently in operation; the extracted gas and condensate are sent to shore via underwater infrastructure.At present, well depth is 600 meters, the source said.

Canargo Limited plans to start geological prospecting and drilling work in Georgia

Investor of the Oil and Gas Corporation of Georgia, Canargo Limited intends to start geological prospecting and drilling work in Georgia from 2013, the Corporation said. According to the report, based on updated management and increased financial capacity, a work programme for 2013-2014 has already been developed. The management plans to specify the potential of oil and gas content on licensed blocks, as well as increasing production.Canargo Limited attracted Czech oil company MND for the business development. It is an investor in three production sharing agreements and owns four licensed areas.The Georgian territory is divided into licensed areas (blocks), in which investment companies are engaged in the exploration and production of oil. They have contracts with the state on production sharing. The Oil and Gas Corporation of Georgia which is the national oil company, provides partnership services to companies in planning operations, holds monitoring and controls their activity.At present, six investor companies including Canargo Limited are engaged in oil exploration and production in Georgia.

Iran, Turkmenistan sign agreement on gas-for-equipment barter deal

Iran and Turkmenistan signed a gas-for-equipment barter deal, Fars reported citing Iranian diplomatic sources. Iran is in debt for about $1 billion to Turkmenistan for gas imports, Mehr reported. Due to international restrictions, Iran has difficulties with transferring funds to Turkmenistan as payment for the gas imports.

Petronas Charigali constructs gas terminal in Turkmenistan

Malaysian company Petronas Charigali once acted as an investor of gas at the industrial complex in Kiyanly, the Neutral Turkmenistan newspaper reported. The complex ensures the cleaning and drying of natural gas extracted from the Magtymguly field. The current capacity of the plant is five billion cubic meters of gas per year. The site includes a plant preparing and processing gas and a ground gas terminal which receives natural gas from the fields in the Turkmen shelf of the Caspian Sea.

Swiss Ostchem Gas Trading examines Turkmen gas supplies to Ukraine

Ostchem Gas Trading AG, registered in Switzerland, began negotiating on transit with suppliers, including those from Turkmenistan, as well as Russian Gazprom to provide Ukraine with natural gas, an article of "Kommersant-Ukraine ("Ъ"), which refers to its sources.

The company was registered by businessman Dmitry Firtash. The article says that a source close to this businessman, said that in 2013 Ostchem Gas Trading intends to import 8.124 billion cubic meters of gas, of which two billion cubic meters will be sold to industrial customers that are not included in the group. Ostchem combines four Ukrainian nitrogen fertilizer producers: Nitrogen, Stirol concern, Severodonetsk nitrogen and Rovnoazot and has been importing gas to Ukraine since 2011. At the same time, the cost of gas, to be supplied by Ostchem Gas, is unknown.

Azerbaijani banks increase demand for foreign currency
Azerbaijani banks increase demand for foreign currency
Gold price in Azerbaijan up
Gold price in Azerbaijan up
Iran’s NICICO boosts capital
Iran’s NICICO boosts capital
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Azerbaijani banks increase demand for foreign currency
Half of Armenia’s wheat harvest came from our lands - President of Azerbaijan
Azerbaijan decreases value of copper products import in 10M2020
Armenia did not want to return single centimeter of land to us - President of Azerbaijan
Unlike Armenian leadership, we have strategic vision - President of Azerbaijan
Number of enterprises launched in Iran's Khuzestan Province grows
Initial version of statement suggested that width of Lachin corridor should be 30 kilometers, I was categorically against this - President Aliyev
Nagorno-Karabakh conflict is gone - President of Azerbaijan
When Lachin district was occupied, there was struggle for power in Baku - President of Azerbaijan
Gold price in Azerbaijan up
Armenia had no other option – either to be completely destroyed or to sign act of surrender - President of Azerbaijan
Georgia discusses assistance package with international financial institutions
Iran’s NICICO boosts capital
Android operating system's share in Azerbaijani market grows
Azerbaijan's GDP in non-oil sector grows
Azerbaijan recorded rapid development of payment ecosystem - Association of Banks
Armenia either had to be completely destroyed or sign it. What do others care about that? - President Aliyev
New reality emerged in our region, Azerbaijan created this reality - President Aliyev
If someone wants to interfere with statement signed on 10 November, they will be faced with our tough position - President Aliyev
I always said that if Lachin, Kalbajar and Shusha did not return to Azerbaijan, then there can be no agreement - President Aliyev
Armenian side believed that entire Lachin district should be given to them as corridor, unfortunately, some Western circles supported this position - President Aliyev
Iran's parliament approves plan to lift sanctions
Uzbekistan prepares new strategy to tackle corruption, shadow economy
Iran's export to Afghanistan increases
Famous chocolate manufacturing company enters Georgian market
Turkmenistan takes its citizens out of Turkey on charter flight due to COVID-19
Softbank buys 10.1% stake in Sweden's Sinch
Google Chrome continues to be most popular web browser in Azerbaijan
Uzbek Finance Ministry names largest taxpayers in 2021
Lachin corridor cleared of Armenian occupying forces - President of Azerbaijan
Amazon brings macOS to cloud in a boost to Apple app developers
Most of our forests remain intact because enemy could not get into these forests - President of Azerbaijan
We will try to return former internally displaced persons to all districts liberated from occupation as soon as possible - President Aliyev
Iran implements plan on offshore fish farming
Turkmenistan's Institute of Chemistry working on multiple areas of research
USAID assists Uzbekistan in joining International Plant Protection Convention
Azerbaijani entrepreneurs invited to partake in 'Time to Export' forum
World crude and non-conventional oil imports up
Turkey records decline in volume of Trabzon Airport's cargo, passenger traffic
Azerbaijani tricolor flag flying again in Lachin - Speaker of parliament
SOFAZ reduces volume of currency sold at auctions
Turkey raises value of trade with Turkmenistan within 10M2020
Azerbaijan increases exports of precious stones, natural pearls
President Aliyev congratulates Azerbaijani people on liberation of Lachin district
Azerbaijan expects to produce even more dry tobacco
Number of industrial enterprises in Uzbekistan up
Kazakhstan reveals trade turnover with Turkey for 9M2020
Azerbaijan’s crude oil exports in Eni’s estimates
Georgia submits final version of draft budget for 2021 to parliament
Kazakhstan eyes restricting containers transit from Europe to China
Agreement signs to establish joint Turkish-Russian monitoring center
Expenses shrink on construction of enterprises in Iran’s North Khorasan Province
Azerbaijan’s oil consumption dynamics since last two decades
Azerbaijan able to ensure safety of Christian sanctuaries in Karabakh - Russian ambassador
Trade turnover between Turkey, Georgia revealed
Tricolor flag flying in all Azerbaijani lands - Turkish embassy
President Ilham Aliyev addresses the nation (PHOTO)
Work on setting up command posts in Azerbaijan's liberated Lachin begins (Exclusive)
Preparation for spring sowing of agricultural crops begun in Turkmenistan
Kazakhstan's Aktau port opens tender to buy pumps
Credit Suisse to propose outgoing Lloyds Bank CEO as chairman
Azerbaijan donates liquid medical oxygen to Georgia to fight COVID-19
Iranian currency rates for December 1
Turkey's October car exports to Georgia surge
Weekly review of Georgian capital markets
World’s Top 10 oil consumers – Eni’s review
Azerbaijani oil prices change
Kazakhstan sees increase in non-cash payments volume
Turkmenistan approves volume of special agricultural land fund for joint-stock companies
Value of wood, furniture exports of Azerbaijan for 10M2020 grows
Number of mobile users of Azerbaijan's 4G network grows significantly
Kazakhstan, Russia developing preliminary design for joint space rocket complex
Azerbaijan's Azergold auctions off bonds
Oil to be main beneficiary of effective vaccine
Total assets of Georgian banks increase
Azerbaijan, Russia deem important to form new tourism products
BRUA pipeline may connect to TAP bringing gas from Azerbaijan
Foreign secretaries of Uzbekistan and US in talks over business co-op
Azerbaijani flag raised in liberated Lachin district (VIDEO)
Turkmenistan, Uzbekistan discuss issues of co-op in framework of bilateral, regional relations
Azerbaijan ramps up 10M2020 export of ferrous metal products
Azerbaijani currency rates for December 1
Azerbaijan is a winner - Turkish government
Microsoft technology solutions to enable development of Azerbaijan's many economic sectors
COVID-19 drives 40% spike in number of people needing humanitarian aid
Russian TV channel shows Azerbaijan's liberated Fuzuli city completely destroyed (VIDEO)
Uzbekistan reveals its COVID-19 data for December 1
Work on conversion of NNC research reactors ongoing in Kazakhstan
Iran's comprehensive trade system to help fight corruption
Iran-Turkmenistan road to re-open after 9-month closure
Argentina reports 5,726 new COVID-19 cases
Turkey announces new curfews as part of COVID-19 measures
Iran, Georgia vow to broaden mutual cooperation
Turkmenistan takes part in meeting of SCO Council of Heads of Government (Prime Ministers)
Jens Stoltenberg: Georgia is a valuable partner of NATO
Japan’s Foreign Direct Investment in Georgia increases
Wisconsin governor certifies Biden’s win in battleground state
S.Korea reports 451 more COVID-19 cases, 34,652 in total
Kazakhstan decreases imports from Japan amid COVID-19
76 more coronavirus patients die in Moscow in past day
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