Major events in caspian countries' oil and gas industry for week (April 22-26)

Azerbaijani Academy of Sciences presents seismic tomography project at Azeri-Chirag-Guneshli field

The Republican Seismological Center under the Azerbaijani National Academy of Sciences presented a seismic tomography project at "Azeri-Chirag-Guneshli" field to BP Azerbaijan. The work is planned to be held on the block, will determine the impact of earthquakes on the position of seams, cracks, offsets, as well as their impact on the structure of the fields. This method has been applied for the first time.

Trilateral contract signed to drill Iran's Yaran oilfield

National Iranian Drilling Company (NIDC), Petroleum Engineering & Development Company (PEDEC) and National Iranian Oil Company (NIOC) signed a trilateral contract for drilling the Yaran oilfield well. Based on the agreement, NIDC will drill 22 development wells in 15 months.
According to Hamidreza Golpayegani, the managing director of NIDC, 11 drilling rigs will be active in the field.

Iran to issue $20 billion worth of bonds

The Iranian parliament (Majlis) has approved the issuing of $20 billion in bonds to finance oil and gas projects in the current Iranian calendar year which began on March 21, the Fars News Agency reported.
The Iranian Oil Ministry and the Central Bank have each been authorised to issue $10 billion worth of bonds. A priority for investment will be attached to joint oil and gas fields.

Schedule of Kashagan field development may be postponed in Kazakhstan

The schedule of Kashagan oil field development in the Kazakh sector of the Caspian Sea may be postponed, Kazakh Minister of Economy and Budget Planning Yerbolat Dossayev said at a government meeting. "It is necessary for the Oil and Gas Ministry to examine the possibility of increasing the oil production volume in other fields to ensure the production level in the planned volumes taking into account the possible postponement of launching Kashagan field development," Dossayev said. It should be stressed it was planned to launch the commercial production at "Kashagan" field in June 2013. Meanwhile, Oil and Gas Minister Sauat Mynbayev told media after the government meeting that launching of "Kashagan" field development may be postponed for this autumn. If the field development is launched late, the consortium will incur expenses not to be reimbursed by Kazakhstan in accordance with the contract of 2008.

Kazakhstan to limit import of oil products from Russia

The Kazakh government has adopted a resolution on petrol import limits from Russia, Kazakh Oil and Gas Minister Sauat Mynbayev said. "A resolution on limits on petrol imports from Russia was adopted," he said. "The period of limitation depends on the market situation. But now it is possible to regulate the market."
It was previously reported that Kazakhstan considers it possible to limit the supply of oil products from Russia. Oil and Gas Minister Sauat Mynbayev said that if the restrictions are not imposed, Kazakhstan will literally be overwhelmed by Russian oil products this year.

National operator for crude oil export to be created in Kazakhstan

"Rompetrol Group" - "Vector Energy" trading subsidiary, registered in Switzerland, completes the integration of all oil marketing operations within the Kazakh oil and gas company "KazMunaiGas" and will be renamed into "KazMunaiGas Trading AG", "KazMunaiGas" said. It is planned that the company will become the only national operator exporting Kazakh crude oil. "KazMunaiGas Trading AG" will be responsible for selling crude oil and oil products and developing the logistics assets required to meet its own needs and develop the trading operations and entering the new markets," a statement said.

Cyprus to supply special equipment to Turkmenoil

The Turkmennebit State Concern (Turkmenoil) plans to conclude a contract with Cypriot company I.C. Intercomplect Limited for the purchase of special equipment, a decree of the President of Turkmenistan says. According to the decree, it concerns the purchase of four mobile units for exploration and development of oil and gas condensate fields as well as Chandler PVT 3000 GL laboratory equipment for the analysis of fluid flow. The contract also provides for the execution of commissioning of the above-mentioned mobile systems and laboratory equipment as well as the training of specialists.

U.S. may file antitrust charges against Facebook as soon as November: newspaper
U.S. may file antitrust charges against Facebook as soon as November: newspaper
Iran discloses value of exports from Tehran Province
Iran discloses value of exports from Tehran Province
Georgia increases import of ground and instant coffee
Georgia increases import of ground and instant coffee
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Abai and Al Farabi monuments unveiled in Turkestan
Ballot papers printing kicks off
Istanbul courts hold e-hearing for first time
Iran, Austria discuss joint coop. on containment of COVID-19
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Palestinians condemn normalization agreement between Sudan, Israel
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Sudan becomes third Arab state to set aside hostilities with Israel this year
Artillery units, command post of Armenian armed forces destroyed as result of airstrikes (VIDEO)
Jeyhun Bayramov met with assistant to President for US National Security Affairs
Military volunteers, equipment of Armenian Armed Forces destroyed in directions of Khojavend, Fuzuli (VİDEO)
UAVs of Azerbaijan do not conduct flight over territory of Armenia - MoD
Azerbaijan has enough armored vehicles in its arsenal, uses them in operational situations - MoD
Information on alleged artillery shelling of Khankendi and Khojavend districts by Azerbaijan - not true
Chairperson, deputy chairperson of US - Educated Azerbaijani Alumni Association appeal to US Secretary of State
Yerevan not interested in peace, wants to escalate conflict, make it a regional one, says Azerbaijani's First VP
Information spread by Armenian side on Iran's artillery shelling Azerbaijan’s positions - false
Turkey reduces volume of exports of mining industry
Iran discloses value of exports from Tehran Province
Georgia increases import of ground and instant coffee
Japan plans to recruit astronauts in 2021, first time in 13 yrs
Kazakhstan increases exports to Denmark despite COVID-19
Azerbaijani FM talks Karabakh conflict with US Secretary of State
Azerbaijani Bank of Baku's net profit declines multifold
Member of UK’s House of Lords condemns Armenia’s missile attacks on Azerbaijan’s Ganja
Rejection of UN’s unfair statement – another diplomatic victory for Azerbaijani president
Azerbaijani Xalq Bank's income for 9M2020 published
Data on cargo handling from US via Turkish ports for 9M2020 revealed
Azerbaijani soldiers liberate cities, settlements from occupation one after another - First VP
Export of cars from Turkey to Russia down – Trade ministry
Export of cars from Turkey to Turkmenistan drops
Export of cars from Turkey to Tajikistan down
Export of cars from Turkey to Ukraine up – Trade ministry
Armenia attracting mercenaries to occupied territories of Azerbaijan
Targeting Azerbaijani civilians by Armenia - crime, says Uzbek ambassador
Azerbaijani MoD shows footage of liberated Minbashyly village in Jabrayil district (VIDEO)
Cabinet of Ministers bans entry/exit to several Azerbaijani cities and districts
Armenia poses threat to Trans-Caspian International Transport Route
Azerbaijan's Xalq Bank discloses its assets for 9M2020
Payments with foreign cards down in Georgia
Export operations between Azerbaijan and Croatia double
New terminal to be built in Georgia's Poti port
Azerbaijani Prosecutor General's Office gives updates on damages, following Armenia's attacks
Meeting between Azerbaijani FM and US secretary of state held
Kazakhstan's import from Poland down amid COVID-19
ADB supports Georgia in its COVID-19 fight
Azerbaijan, Latvia keen to increase mutual investments (PHOTO)
Russian president's statement on Karabakh generally suits Azerbaijan - deputy parliament speaker
Armenians threatening to kill French TV channel's journalist (PHOTOS)
ISET-PI thnk-tank updates its real GDP growth forecast for Georgia
Azerbaijan's troops liberate villages in Khojavend, Jabrayil, Zangilan districts
Azerbaijan liberates 4 Gubadli district villages from Armenia's occupation
Georgia to allocate funds for marketing of its wine
EAEU reveals volume of food oil exports to Turkmenistan
Secretary General of Organization of Islamic Countries supports Azerbaijan
Georgia to issue agricultural loans to promote primary production of annual crops
Turkmenistan's Turkmennebit opens tender for purchase of pipes
Uzbekistan to maintain positive GDP growth despite difficult economic conditions
Uzbekistan’s National Bank likely to be backed by gov't, Fitch Ratings says
Azerbaijani people trust their president - First VP Mehriban Aliyeva
Percentage share of Austria in Azerbaijan's total import slightly grows
Kazakhstan’s KazMunayGas receives ESG rating in sustainable development
Chairman of US Educated Azerbaijani Alumni Association appeals to US Ambassador in Azerbaijan
Surrendered Armenian officer says Karabakh isn't Armenian land
Armenian armed forces' manpower, armored vehicles destroyed, says Azerbaijani MoD (VIDEO)
Azerbaijan itself doing what Minsk Group didn’t - MP
Inflow of funds to Georgia up
Kazakhstan must invest in agriculture technologies oriented towards Kazakh reality
Israel sends humanitarian aid to Azerbaijan (PHOTO)
Uzbek import of cars from Turkey shrinks
Ballistic missile attacks on Gabala and other Azerbaijani cities - vandalism and fascism of Armenian leadership - People's Artist
Volume of nine-month cargo shipment from Germany via Turkish ports revealed
Iran to implement second phase of ring road around Hormoz Island
Turkmengas to buy geophysical equipment via tender
New buses to start serving passengers in Georgian Tbilisi
Deutsche Bank: Brexit trade costs will be 'material' deal or no deal
Metallurgical products import to Uzbekistan to be reduced via metallurgical plant in Tashkent
Stable basic export rate could help boost Iran's exports
Iran to settle all wheat farmers' claims
WB implements new project in Georgia
President Aliyev holds phone conversation with father of National Hero of Azerbaijan Shukur Hamidov
Iran plans to establish trade centers
New company admitted to Baku Stock Exchange
Shukur Hamidov's name will be immortalized in Gubadli district
Iran reveals its COVID-19 data for October 23
Iran increases number of emergency beds in hospitals
Ambassador welcomes liberation of Azerbaijan's Agbend settlement on border with Iran
Turkey hopes for achieving success in Karabakh conflict settlement together with Russia - Erdogan
Putin's comments were response to those taking anti-Azerbaijani position, analyst says
Kazakhstan's postal service operator to buy petrol via tender
Discussions on Karabakh conflict held at UN Security Council 25 years later - Assistant to Azerbaijani president
Export of cars to Kyrgyzstan spiked - Turkish Ministry of Trade
Turkmenistan increases fruit imports from EAEU countries
It's incorrect to talk about CSTO's help, while conflict taking place in Karabakh - Russian MFA
Azerbaijan confirms 212 more COVID-19 recoveries
No objective benefit for NATO's open support to any party of Karabakh conflict - Russian expert
Georgia reveals total projected harvest of grapes in 2020
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