Major events in Caspian countries' oil and gas industry for last week (July 22-27)

Major events in Caspian countries' oil and gas industry for last week (July 22-27)

SOCAR to build trestle in Azerbaijani sector of Caspian Sea

State Oil Company of Azerbaijan Republic (SOCAR) is building a new trestle No. 1954A on the "Oil Rocks" field in the Azerbaijani sector of the Caspian Sea, SOCAR said.
According to the report, the trestle that is designed for drilling of 10 new wells will be located at a water depth of 19 meters.

Georgia, EU discuss prospects for deepening cooperation in energy sector

Georgian Foreign Minister Maia Pandjikidze has met with European Commissioner for Energy Gunther Oettinger.

The sides discussed prospects for deepening cooperation between Georgia and the EU in the energy sector. European Commissioner emphasized the role of Georgia in the energy security of Europe.

The parties also discussed Georgia's accession to the organization "Energy Community".

The parties noted that the membership of this organization will be another step forward in the process of rapprochement of Georgia with the EU, which will help in the implementation of new technologies in the energy sector and attracting investments.

Gas flow obtained during exploration on Fedorovskiy block in Kazakhstan

Kazakh company KazMunaiGas Exploration Production (KMG EP) during a testing of a subsalt well drilled in March 2013 on Fedorov block (west of Kazakhstan, near the city of Uralsk) obtained a gas flow of 239,450 cubic meters per day and condensate of 247 cubic meters per day by the 11 millimeter socket, the company's report said.

"At present, JSC NIPINeftegas is preparing a report on reserves at the Fedorovskiy block regarding the results of the evaluation and exploration activities of 2010," the statement said.

Kazakhstan's oil refiners have to solve overstocking problem

Kazakh oil refiners have to solve the problem of their products' placement on storage facilities throughout the country, a representative of one of three Kazakh oil refineries said on condition of anonymity.

"At present, republic's refiners have to solve the problem of overstocking of their own products. In order not to stop production and not to reduce the amounts of processing, we send our products to the oil storage facilities throughout Kazakhstan, as our own petroleum storage depots are already filled 'by request'. It is clear that renting of other oil storages is not carried out for free, but at the expenses of the plants," the source said.

According to the oil refiner, the government still has not properly solved the problem of restriction of gasoline imports from neighboring Russia. The question of the export of Kazakhstan-made oil remains unsolved.

According to experts the best solution for this situation is to open export for Kazakhstan's gasoline, in order to unload market and oil storages. Kazakhstan had such an experience of oil products export to Afghanistan in 2010.

Modernization of large gas processing plant in Uzbekistan completed

The National Holding Company (NHC) "Uzbekneftegaz" completed the modernization of $171.8 million worth UDP "Mubarek Gas Processing Plant" in Kashkadarya region in the South of the country, Uzbekistan's Ministry of Economy and State Statistics Committee said in a joint statement.

According to the report, the project envisaged the construction of the seventh stage of gas desulphurization within 3 (16th, 17th, 18th) universal blocks with total capacity of 6 billion cubic meters per year. The financing of the project was carried out at the expenses of "Uzbekneftegaz" NHC's own resources.

The implementation of the project will give opportunity to insure a reliable work of the installed capacities in purification of the natural gas from hydrogen sulfide and sour gas in the long-term perspective, as well as compensate the volume of natural gas processing to the GEA.

The blocks of the new stage will also give opportunity to solve the issue of gas processing at the "Hauzak-Shady" site in Bukhara region, which is processed by "LUKOIL" JSC within PSA with Uzbekistan.

Construction of two gas condensate fields completed in Uzbekistan

The "Uzbekneftegas" National Holding Company (NHC) completed construction of dielectric cable systems and the "South Urtabulak-Mubarek Gas Processing Plant" at "Samantepe" and "South Urtabulak" gas processing fields, a joint report by the Uzbekistan's Ministry of Economy and the State Statistics Committee said.

According to the NHC, the construction of two gas condensate fields - "Samantepe" and "South Urtabulak" in Kashkadarya region (the South of Uzbekistan) was implemented. The 71 kilometer long "South Urtabulak- Mubarek Gas Processing Plant" gas pipeline was constructed, which gives opportunity to carry out the transport of around 5.5 billion cubic meters of gas per year for further processing in the Gas Processing Plant, a booster compressor station with the capacity of 3 billion cubic meters of gas per year was constructed within the $310 million worth project.

China's import of Turkish cement up
China's import of Turkish cement up
Israel changed plans to buy AstraZeneca vaccine
Israel changed plans to buy AstraZeneca vaccine
India records 44,489 new coronavirus cases
India records 44,489 new coronavirus cases
Loading Bars
German manufactures interested in buying high-quality walnuts in Georgia
New carpet factory opens in Turkmenistan
German company builds float glass plant in Uzbekistan’s Zarafshan city
Iranian oil minister talks about petrochemical facilities launched in Iran
Azerbaijan can't be pressured by adopting some paper piece - parliament's vice speaker
Azerbaijani parliament voices appeal to government due to France
Azerbaijan to implement digitalization of services of local executive authorities
French Senate betrays democratic values - Turkish government
China's import of Turkish cement up
Azerbaijani parliament condemns resolution adopted by French Senate
AP highlights devastation caused by Armenia in Azerbaijan’s Aghdam
Azerbaijan's ADY Express boosts daily volume of cargo handling at Astara terminal
Turkish Foreign Ministry condemns French Senate’s resolution on Karabakh
French Senate's resolution is not binding, says ambassador
Azerbaijani Ministry of Communications developing final strategy of 'Smart City' project
Protests underway in front of French embassy in Baku (PHOTO/VIDEO)
Integration of modern solutions contributes to growth of online sales - MiMobile
Georgia eyes to minimize negative impact of global crisis on country's private sector
Int’l standard of energy management system to be introduced at Uzbekneftegaz facilities
LUKOIL to restore daily gas production in Uzbekistan
Turkmenistan building new greenhouses
Georgia reports 3,801 new cases of coronavirus
Azerbaijan's parliament to make statement on draft resolution adopted by French Senate
Israel changed plans to buy AstraZeneca vaccine
Azerbaijan to provide grants, loans, investments to startup environment
Minister talks benefit of pipeline from Russia to supply some Kazakh regions with gas
Uzbekistan to launch numerous petrochemical industry projects in 2021
Measures to attract investors to Uzbek mining, geological industry discussed at int’l forum
NCOC reports yet another milestone at Kazakhstan-based Kashagan field
Georgia looking for contractor for terminal extension at Kutaisi International Airport
Kazakhstan boosts trade turnover with Lithuania despite COVID-19
Snam raises planned investments in new strategy
Snam raises its emission reduction target to 50%
Number of enterprises launched in Iran's East Azerbaijan Province decreases
US Venture Fund to bring Azerbaijani projects to int'l markets
Azerbaijani oil prices on the rise
Turkmenistan, EU discuss prospects for development of greenhouses
French PROPARCO taking steps to support Georgian micro, small and medium-sized enterprises
Possible changes to OPEC+ quotas pose downside risks to Kazakhstan's economic forecast
Iran discloses details of exports from Razavi Khorasan Province
Income from communication services of Azerbaijan’s Nakhchivan up
Broad money value goes on increasing in Kazakhstan month-on-month
Snam outlines contribution to TAP’s implementation
Disney to layoff about 32,000 workers in first half of 2021
Iran declares details of exports from Qom Province
Southern Gas Corridor could carry new sources of energy in future – Eurogas
Kazakhstan’s Almaty Power Stations JSC extends tender to buy compressors
Turkmenistan, Russia agree to expand co-op in electric power industry
Azerbaijan implementing projects within North-South Transport Corridor
Europe needs fundamental restructuring of its energy system, says Eurogas
INPEX using drone technology, augmented reality to keep smooth output
India records 44,489 new coronavirus cases
France-24 shows reportage on Kalbajar district's liberation from Armenian occupation (PHOTO/VIDEO)
Central Bank of Azerbaijan talks advantages of digital payments
Iranian currency rates for November 26
Azerbaijani currency rates for Nov. 26
Senate's resolution over Nagorno Karabakh not reflecting French government's policy - MFA
Bitcoin price drops more than $1,000 in Asian trade
Turkmenistan, Russia aim to develop co-op in field of digital communication, information
Azerbaijan eliminating damages caused by Armenia to gas sector in Tartar's settlement (PHOTO)
Uzbekistan reveals its COVID-19 data for November 26
Iran beats new record on gas consumption
Iran releases data on exports from Tehran
Iran to expand trade with Azerbaijan
Iran to buy 42 million doses of COVID-19 vaccine
Armenian acts of terrorism on previously occupied territories of Azerbaijan must be condemned by European countries - US expert
Georgia reveals profit of microfinance sector
South Korea, China top diplomats vow to work on North Korea, COVID-19
Turkey mulls new support measures for businesses hit by COVID-19
Tehran-Najaf flights resumed
Kazakhstan detects 820 new coronavirus cases in 24 hrs
Incumbent MP Sopio Kiladze elected member of UN Committee on the Rights of the Child
Canada police supervisor denies effort to deceive Huawei CFO about indictment
Georgia E-Space to create synergy of solar power plant and electric car charging infrastructure
Amazon workers in Germany to go on strike on 'Black Friday'
Kazakhstan's KazMunayGas forecasts annual oil output decrease
More migrants relocated from Malta to EU countries
U.S. grants ByteDance new seven-day extension of TikTok sale order
82 bandits killed in Nigerian airstrikes
China, Kyrgyzstan to boost pragmatic cooperation
AzerGold CJSC talks plans for extraction of precious metals
Kazakhstan’s Almaty Power Stations JSC opens tender to buy compressors
Volume of funds allocated to fixed capital increases in Azerbaijan’s Nakhchivan
Retail trade turnover of Azerbaijan’s Nakhchivan Autonomous Republic drops
Azerbaijani MoD unveils footage depicting advancement of Azerbaijani armyuits to liberated Kalbajar region (VIDEO/PHOTO)
Resolution of France's Senate nothing more than piece of paper for Azerbaijan - top official
Resolution adopted by France's Senate has no legal force - MFA
IKEA investment arm in talks to buy city-centre retail property in big European cities
Kazinform and IRNA news agencies hold joint online conference
China increases import of Turkish cars
Iran to compensate for Ukraine plane crash according to int'l norms
Oil tanker hit by blast at Saudi terminal, Saudi Arabia confirms
National Bank of Georgia sells funds at foreign exchange auction to stabilize lari
First Turkish Trade House to open in Azerbaijan
Azerbaijani president signs law renaming Tsakuri village in Khojavend district
Azerbaijani president signs law renaming Gushchubaba village of Khojaly district into Baharli village
Azerbaijan to monitor fields in Kalbajar - Head of National Geological Exploration Service (Exclusive)
EU allocates macro-financial assistance to Georgia to tackle COVID-19
Turkmen FM gives speech at 13th Central Asia-Korea Cooperation Forum
Turkmenistan advocates cooperation in resolving regional and global environmental problems
All news