Major events in Caspian countries' oil and gas industry for week

Major events in Caspian countries' oil and gas industry for week

Azerbaijan ratifies agreement on gas transit through Turkey

The Azerbaijani parliament and Turkey have ratified an agreement on the transit of Azerbaijani gas through its territory and construction of an independent pipeline.

In particular, the country's parliament at its regular meeting has today ratified a memorandum of understanding on the transit of natural gas from Azerbaijan through Turkey between the Azerbaijani and Turkish governments and construction of an independent gas pipeline (Trans-Anatolian Gas Pipeline) to ensure gas transit through the Turkish Republic.

Deputy Parliamentary Speaker Valeh Alasgarov said the memorandum is one of the documents included in the package of agreements which will be gradually adopted.

SOCAR starts drilling high debit gas condensate well in Caspian Sea

SOCAR has started drilling a new well in the offshore field "March 8" in the Azerbaijani sector of the Caspian Sea, SOCAR said.

According to the report, the projected depth of the well is 5,800 meters. Drilling is being conducted by "Sahil" drilling department upon the orders of SOCAR's N. Narimanov Oil and Gas Extraction Department.

According to the estimates of geologists, the daily production rate of the well must be 40 tons of condensate and 350,000 cubic meters of gas.

SOCAR signs agreement with Delta Rubis on distribution of fuel in Turkey

SOCAR (State Oil Company of Azerbaijan) has signed an agreement with Delta Rubis on the storage and distribution of fuel in Ceyhan area in the Turkish province of Adana, Deniz Haber agency reported.

The company will engage in distribution of fuel oil, ship and aircraft fuel. The agreement between the two companies was signed for a period of five years.

It is reported that Delta Rubis is the largest company in Turkey for the storage of fuel.
Earlier, on January 10, 2013, the Energy Market Regulatory Authority of Turkey (EPDK) has issued a license to SOCAR for distribution of fuel in the domestic market.
SOCAR also previously obtained a license for wholesale gas sales in Turkey.

Norway's Statoil discloses reasons for stopping negotiations on Kazakh Abay project

Norwegian Statoil has decided not to pursue negotiations on Abay project in the Kazakh sector of the Caspian Sea as a result of commercial and technical evaluations of the project, the company's spokesperson Bård Glad Pedersen said.

Pedersen mentioned that Statoil signed a Heads of Agreement (HoA) on the Abay block in March 2011.

"However, as part of a global prioritisation process and the overall commercial and technical evaluations related to the Abay project, we have decided not to pursue negotiations on Abay," Pedersen said.

Iran stops transiting Turkmen LPG in a bid to boost exports - report

Iran has stopped transiting Liquefied Petroleum Gas (LPG) from Turkmenistan with the goal of increasing exports of domestically produced LPG to international markets, the Mehr News Agency reported.

Iran has boosted the production of LPG in its refineries and has officially stopped transiting Turkmen LPG.

"Under economic sanctions against the Islamic Republic, hiring foreign tankers for exporting liquefied gas has been made difficult, so exporting LPG to Iraq and Pakistan is economically justified in such a situation," Hamid Hosseini, the member of the Iranian oil, gas, and petrochemical exporters told Mehr.

Turkmenistan and UAE to expand cooperation in energy field

Turkmenistan and the United Arab Emirates (UAE) will expand and improve cooperation in areas such as oil and gas, refining, chemical industry and renewable energy.
This is stated in a joint statement signed after the talks between the President of Turkmenistan, Gurbanguly Berdimuhamedov and President of the UAE, Sheikh Khalifa Bin Zayed Al-Nahyan, who was recently on a visit to Ashgabat.

Turkmenistan prepares meeting on TAPI gas pipeline project

Turkmenistan initiates holding another meeting of the technical working group in near future as part of TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project's implementation, the Turkmen government said.

The agenda and venue of the meeting are currently being considered.

It is expected that the agenda will include organizational, legal and technical issues for creation of a specialized company. This issue was discussed at a government meeting in Ashgabat. It was noted that this structure will address a number of specific issues related to the practical implementation of the TAPI project.

"As of today, all the participating countries have agreed on the creation of such company," the statement said.

Tajikistan decreases export volumes to Kazakhstan
Tajikistan decreases export volumes to Kazakhstan
BMB Trade Group eyes to provide services to Uzbekistan’s neighboring countries
BMB Trade Group eyes to provide services to Uzbekistan’s neighboring countries
Turkmenistan working to resolve Aral Sea crisis
Turkmenistan working to resolve Aral Sea crisis
Loading Bars
Latest
Biden blasts Trump's plan to push Supreme Court nominee ahead of election
Australia heads for lowest virus count in three months
Iran exploring for new oil and gas fields
5.1-magnitude quake jolts central Turkey
Czech government could declare coronavirus state of emergency, says minister
U.S. sets record with over 1 million coronavirus tests in a day
Turkey records 1,516 new COVID-19 cases
Iran's North-West Railways boosts its revenues
Loans to be issued to enterprises in Iran's Yazd Province
11 Georgian interior ministry employees test positive for coronavirus
Weekly review of major events in transport sector of Azerbaijan
Amount of loans issued by Iranian banks revealed
Kazakhstan considering possibility of creating several new digital products
Weekly review of developments in Azerbaijan's financial market
Africa's COVID-19 cases near 1.4 mln as death toll hits 33,818
Britain is at COVID-19 tipping point, health minister says
22 Thai provinces hard-hit by flash floods due to tropical storm Noul
Production of Iran's Esfahan Steel Company announced
Iran's oil exports process improved
Azerbaijan's state service lists criterias for tender transparency
Uzbekistan's cement import from Turkey more than halves
Azerbaijan's Agroleasing OJSC opens tender to purchase IT equipment
Salehi: There’s no problem for Iran to fulfill its nuclear obligations
Kazakh industrial enterprises switching to best available technologies
Japan's new prime minister Suga, Trump hold first talks by phone
Eurasia Review publishes article on Armenia-Azerbaijan conflict
Georgia’s hotels increase number of served guests
President Ilham Aliyev makes Facebook post on Oil Workers Day (PHOTO)
Export of Azerbaijani products to Belarus increases sixfold
National Iranian Steel Company reveals its production
International Sea Port of Turkmenbashi opens tender for repair of equipment
Bahar Azadi gold coin price again rising in Iran
Turkey’s Ministry of Agriculture opens tender to attract consulting services
Iranian Energy Exchange announces products to be on sale September 21
Kyrgyzstan reports 81 new COVID-19 cases
European tourism industry owners keen on investment in Gorgan tourism sites: Official
Tbilisi joins European Mobility Week
Azerbaijan reports 154 new COVID-19 recoveries
Azerbaijan’s Azersu company opens tender to buy polypropylene fittings
Number of people infected with coronavirus pandemic in Iran exceeds 420,000
Turkish Presidential Administration: Any aggression against Azerbaijan - aggression against Turkey
Russia's COVID-19 cases up 6,148 to 1,103,399
Income growth in Uzbekistan slows down amid COVID-19
Demand for Kazakhstan among Turkish job seekers soars
Value of Iranian mining companies’ shares spike
Kazakhstan's National Bank talks COVID's impact on IT segment, mobile banking in country
128 new COVID-19 infections confirmed in Egypt
Georgia reports 196 new COVID-19 cases
Turkey offers international training on combatting desertification
Eni Turkmenistan Limited opens tender for supply of industrial lube oil
Iran discloses details of cement exports
Azerbaijan’s import of Ukrainian-made products down
First steam unit of Iran's Ferdowsi TPP launched
2 soldiers killed in operation against militants in NW Pakistan
Member of Tbilisi Sakrebulo confirmed with coronavirus
Tehran to host 1st Eurasian exhibition by end of year
Armenia violates ceasefire with Azerbaijan 30 times
Kazakhstan confirms 63 new COVID-19 cases
TikTok hopes three-party agreement between ByteDance, Oracle, Walmart to resolve U.S. concerns
US Department of Commerce postpones TikTok download ban for a week
UNWTO talks ways to restore tourism in Turkmenistan in post-pandemic period
Viola von Cramon: Georgia is moving in right direction, I hope that this tradition will continue at 2020 elections
About 9,000 migrants on Greece's Lesbos move into tent camp after fire
UK's Johnson to levy 10,000 pound fine on COVID-19 rule-breakers
Canadians urged to take action against spread of COVID-19 as caseload reaches 141,911
Death toll from COVID-19 in Brazil over 136,000
UK daily coronavirus cases hit four-month high with 4,422 more cases
Trump says he’s approved Oracle deal for U.S. Tiktok
Iran's Zarif says world should oppose U.S. sanctions or expect same
Rolls-Royce plans to raise up to £2.5 billion as COVID-19 bites
Moscow's death toll from confirmed coronavirus cases rises by 13 - crisis center
Turkey reports 1,538 new COVID-19 cases, 68 deaths
Tajikistan decreases export volumes to Kazakhstan
Police clash with protesters at anti-lockdown demonstration in London
Georgian PM: Our victory must be an economically strong, educated, fair and European state
Iran's Persian Gulf Bid Boland Gas Refining Company declares amount of revenues to be received
Uzbekistan’s car manufacturing company to issue shares for public offering
Trump says he will name Supreme Court successor to liberal Ginsburg 'without delay'
Commander of Azerbaijani Naval Forces comments on information in social networks about Turkish coordinating officer
Gas transportation in Iran expands
Two dead as destructive storm Ianos hits central Greece
Kazakhstan decreases goods export to Ukraine amid COVID-19
Iran and Turkey's gas trade depends on future exploration in the Black Sea
President: If Azerbaijan had been an independent country then, we could have become the richest country in the world
Poland reports over 1,000 new COVID-19 infections, record high since outbreak
CEC sets coronavirus-related safety guidelines for Election Day
China's economy remains resilient despite external risks, says Xi
Iran's Bahar Azadi gold coin price falling
Iranian Energy Exchange announces products to be on sale September 20
Azerbaijani energy minister stresses importance of co-op within OPEC + format
Ukraine becomes popular destination for Turkish citizens looking for job
General Inspection Organization of Iran strengthen monitoring of banks
Uzbek-Chinese Asia Trans Gas to buy coolant and lubricants via tender
President Ilham Aliyev: The activities of our oil workers serve the interests of the Azerbaijani people
Madrid residents facing localised lockdown doubt curbs will work
TikTok files complaint against Trump administration to try to block U.S. ban
Geostat: Milk, meat production up in Georgia
Germany plans reform to avoid bankruptcy wave due to corona
Turkey decreases value of trade with Turkmenistan
Iran`s Rana Plus car to be launched in October
All news