Major events in Caspian countries' oil and gas industry for week (Feb. 25-March 1)

Major events in Caspian countries' oil and gas industry for week (Feb. 25-March 1)

Over $ 2 billion to be allocated for Shah Deniz Stage 2

The Shah Deniz consortium is planning to spend circa $2.3bn in 2013 within Shah Deniz Stage 2 in the Azerbaijani sector of the Caspian Sea, a BP report on 2012 results says.

Volumes of Azerbaijani gas supplies to Russia in 2013 announced

In 2013, SOCAR (State Oil Company of Azerbaijan) plans to supply Russia with three billion cubic meters of gas, head of SOCAR Rovnag Abdullayev told reporters.
According to him, this amount was specified by the previously signed contract, and therefore there is no need for additions and changes to the agreement.
The supply of Azerbaijani gas to Russia is being conducted under a contract (with possibility of extension) between SOCAR and Gazprom on the sale of Azerbaijani gas signed in Baku on Oct.14, 2009.

SOFAZ to get a stake in TANAP

The State Oil Fund of Azerbaijan will get a share in the Tans-Anatolian gas pipeline project (TANAP), head of SOCAR Rovnag Abdullayev told journalists.
According to him, the State Oil Fund will receive dividends on the basis of equity participation in the project. SOCAR intends to retain 51 percent of the equity in the project.
"The ratio of participation of the State Oil Fund in the project is not yet determined. It is being discussed," Abdullayev said.
Also, he said, negotiations are currently underway with the long-term buyers of Azerbaijani gas in Europe. In late March, negotiations will move to the main stage.

Moody's assigns rating to SOCAR's notes

The international rating agency Moody Investors Service has today assigned a provisional (P)Ba1 rating to the approximately $1.0 billion worth of notes to be issued by the State Oil Company of the Azerbaijan Republic (SOCAR). The outlook on the rating is stable. This is stated by the agency on its website.

SOCAR will use the proceeds of the loans for general corporate purposes, including refinancing its existing indebtedness and funding its upstream and downstream operations.

KazRosGas identified as operator for exploration of Imashevsk field in Russia and Kazakhstan

Joint decision of Kazakh KazMunaiGas and Russian Gazprom, which are accredited by the Agreement between the Government of the Republic of Kazakhstan and the Russian Federation on joint geological study and exploration of the Imashevsk cross-border gas condensate field dating September 7, 2010, identified the KazRosGaz LLP as the sole operator, according to the company's press release.

In 2012, the Coordinating Committee of Kazakhstan and Russia on implementation of the agreement approved proposals of the KazRosGaz LLP on amendments and additions to the agreement, providing the operator with the right under the agreement for subsoil use for geological study and exploration of the Imashevsk field within the territory of the Republic of Kazakhstan and the Russian Federation.

According to the recommendation of the Coordinating Committee on the agreement, the authorities of Kazakhstan and the federal executive authorities of the Russian Federation began consideration of the draft decision of the Government of Kazakhstan and the Russian Federation on amendments and additions to the agreement, allowing the KazRosGaz LLP to get the right for subsoil use for geological study and exploration of the Imashevsk field in Kazakhstan and Russia.

Kazakh Majilis approves ratification of agreement with Russia on oil and oil products supply

The Majilis (lower chamber) of Kazakhstan's parliament approved a draft law 'On ratification of the Agreement between the Government of the Republic of Kazakhstan and the Russian Federation on trade and economic cooperation in oil and oil products supplies to Kazakhstan'.

The agreement was signed between the two countries' governments in Moscow on Dec.9, 2010. It defines the framework of trade and economic cooperation in the formation of common markets for oil and oil products and conditions for oil product supply to Kazakhstan to meet domestic needs in the volume in accordance with the indicative balance of oil and oil products approved by the parties.

'Adoption of the agreement which will promote efficient use of the capacity of fuel and energy complexes of the parties to the agreement, will meet the needs of the parties in the oil and oil products industry on a priority basis', the conclusion of the Committee on Foreign Affairs, Defence and Security of the Parliament says.

LUKOIL to invest nearly $ 680 million in gas projects in Uzbekistan in 2013

Russian oil company LUKOIL plans to invest 678.55 million in two PSA projects in Uzbekistan, Kandym-Khauzak-Shadi-Kungrad and Southwest Gissar (Kashkadarya region in the south of Uzbekistan) under the state investment program of the country.

The total cost of the two projects amounts to $ 4.34 billion, including the Kandym-Khauzak-Shadi-Kungrad at $ 3.146 billion and Southwest Gissar at $ 1.196 billion.

European Council President to visit Georgia today
European Council President to visit Georgia today
Georgia reports 248 coronavirus cases, 525 recoveries, 11 deaths
Georgia reports 248 coronavirus cases, 525 recoveries, 11 deaths
S&P Global affirms Georgia’s sovereign credit rating at ‘BB’
S&P Global affirms Georgia’s sovereign credit rating at ‘BB’
Loading Bars
European Council President to visit Georgia today
Soyuz-2.1b carrier rocket with Arktika-M satellite blasts off from Baikonur spaceport
Certain villages in Iran to be supplied with gas
Bloody events in Sumgayit city - planned provocation against Azerbaijan - Foreign Ministry
Azerbaijan shares Eyvazkhanbeyli village of Aghdam district (PHOTO/VIDEO)
Iran's Tehran Oil Refining Company signs contract to increase refining
China's factory activity expands at a slower pace in February, misses expectations
Turkey set to support Croatia's post-quake revival: Turkish FM
COVID-19 Update: 83,179 Kyrgyzstanis recovered
Georgia reports 248 coronavirus cases, 525 recoveries, 11 deaths
Iran's Gorgan-Mashhad railway to be built
Trade relations between Azerbaijan and Russian Ulyanovsk region expanding
Weekly review of Azerbaijani ICT sector highlights
UK's Sunak will set out plans to raise income tax by 6 billion sterling
Australia receives AstraZeneca vials as it ramps up vaccination drive
January 2021 value of mortgage loans in Azerbaijan grows in absolute terms
Kazakhstan adds 791 new COVID-19 cases
5.5-magnitude quake hits 81 km SW of Islay (Matarani), Peru
Iranian Minister unveils ports' infrastructure dev't plans
Turkey confirms 9,193 new COVID-19 cases, 2,693,164 in total
S&P Global affirms Georgia’s sovereign credit rating at ‘BB’
Razi COVID-19 vaccine to begin clinical trial: Minister
5 died after accident in northeast China chemical fiber plant
US regulator approves Johnson&Johnson coronavirus vaccine
Kazakhstan twofold decreases exports to Norway amid COVID-19
Iraq reports 3,543 new COVID-19 cases, 692,241 in total
5.3-magnitude quake hits 3 km SW of Point MacKenzie, Alaska
Qatar reports 460 new COVID-19 cases, 163,197 in total
Weekly review of highlights in Azerbaijani financial market
UK records another 7,434 coronavirus cases, 290 deaths
It is necessary to end deployment of Armenian armed forces on territory of Azerbaijan - Foreign Ministry
WHO reports over 420,000 new daily cases of COVID-19
Istanbul’s major Galataport project to go live in April
0.03% of pupils and 0.1% of school staff in Georgia confirmed with Covid-19 this week
Iran's Energy Exchange announces products to be on sale on February 28
Uzbekistan's largest share in formation of GDP falls on Tashkent
Azerbaijan's revenues from tea, coffee exports double in Jan.2021
Cargo movements in Iran's Khalij-e-Fars port increase
China conditionally approves one-shot recombinant COVID-19 vaccine
Stock gains power Buffett's Berkshire Hathaway to higher profit
More than 165,000 apply for Turkey’s most popular scholarship
Georgian Railway resumes passenger transfers
Kazakhstan reports value increase in all types of deposits
New road put into operation in Iran's Golestan Province
Azerbaijan sets up working subgroups to prepare 2021-2025 Development Strategy
Bahar Azadi gold coin price falling in Iran
Azerbaijan reports 172 more COVID-19 recoveries
Azerbaijan's Ministry of Finance to put up medium-term bonds for auction
Azerbaijan's banking sector ends January 2021 with profit
Foundation of several manufacturing enterprises laid in Iran's Qazvin Province
Uzbek-Korean JV to buy spare parts for metal detector via tender
USAID to promote start-up dev’t in Turkmenistan
President Aliyev: Any attempt to violate implementation of November 10th declaration will be very harmful for Armenia (VIDEO)
Iran reveals COVID-19 data for February 27
Bosnian TV channel visits liberated Azerbaijani Aghdam, reminds of Khojaly genocide
Azerbaijani police officers find ordnances left by Armenians in Khojavand (PHOTO)
Long-term energy demand impact of COVID-19 is modest
President Aliyev to Iranian reporter: Your question is a kind of an accusation (VIDEO)
New Zealand's largest city Auckland back to lockdown after COVID-19 case
Iran pins hopes on Swiss financial channel to purchase COVID-19 vaccines
Foreign journalists visit village where two-year-old Azerbaijani girl was killed by Armenians
Volume of cargo loaded, unloaded in Iran’s Chabahar port revealed
Weekly review of Azerbaijan's oil and gas sector
Eni Turkmenistan Ltd opens tender for catering, housekeeping services
Kazakhstan boosts imports of Switzerland-made products
Uzbek ministry, German Society for International Cooperation sign agreement
Uzbekistan, China expand mutual trade despite COVID-19
Georgia reports 373 new cases of coronavirus on Feb.27
Buy/sell operations at Iran Mercantile Exchange soar
Weekly review of Azerbaijani precious metals market
Baku Metro continues preparatory work for commissioning of new 'November' 8 station
Iran's exports to Russia increase
Uzbek-Korean JV to buy spare parts for pumps via tender
Kazakh airlines eye to launch several flights on Turkestan-Istanbul route
UNDP in Turkmenistan opens tender for services on seismic work
Volume of electricity generated by renewable energy power plants in Iran announced
Researcher talks monuments on ancient Azerbaijani lands vandalized by Armenians (PHOTO)
Uzbekistan reveals COVID-19 data for Feb. 27
Azerbaijan's MoD shares footage from Gubadly's Afandilar village (PHOTO/VIDEO)
Iranian currency rates for February 27
Remittances from Azerbaijan to Georgia show highest growth rate
Belarus considering possibility of supplying agricultural machinery to Turkmenistan
Turkmenistan’s Turkmenbashi Oil Refinery exceeds plan for kerosene production
Azerbaijani oil prices published
Kazakhstan's uranium mining company opens tender to acquire electro-technical materials
Issuance of construction permissions in Georgia down
Philippines extends partial coronavirus curbs in capital until end-March
Weekly review of Azerbaijani currency market
Kazakh gas supply company to attract equipment installation services via tender
Turkey's tourism industry puts hopes on safety measures for new season
Azerbaijani marketing platform plans to become regional player
Argentine health minister tests positive for COVID-19
Czech gov't declares new state of emergency over coronavirus
U.S. FDA advisors recommend approving Johnson & Johnson COVID-19 vaccine for emergency use
Increase in malware attacks makes cybersecurity more relevant than ever - Kaspersky Lab in Azerbaijan
South Korea vaccinates 18,000 to start ambitious COVID-19 campaign
US may announce new sanctions on Russia within weeks - White House press secretary
Founder of Indian Jet Airways eyes opening airline in Uzbekistan’s Namangan region
Saudi Arabia rejects U.S. intelligence report on Khashoggi's killing: statement
Israel registers 2,738 new COVID-19 cases, 769,971 in total
All news