Major events in Caspian countries' oil and gas industry for last week (Dec.16-20)

Azerbaijan provides Albania with gas

Baku and Tirana signed a memorandum of understanding on cooperation in the development of a master plan for Albania's gasification. The memorandum was signed as part of the Azerbaijani delegation's visit to Albania, which included Minister of Energy Natig Aliyev, Deputy Foreign Minister Khalaf Khalafov, and head of SOCAR Rovnag Abdullayev.

Albania is one of the European countries, which will receive Azerbaijani gas within the Southern Gas Corridor.

Azerbaijan, Malta sign two documents in oil and gas sphere

Azerbaijan and Malta signed two documents on strategic cooperation in the oil and gas sector, the Azerbaijani Cabinet of Ministers said. The documents were signed as part of a delegation headed by Prime Minister of Malta Joseph Muscat's visit to Azerbaijan.

A memorandum of understanding on strategic cooperation in the oil and gas sector between SOCAR (State Oil Company of Azerbaijan) and the Ministry of Energy and Health of Malta was signed by SOCAR president Rovnag Abdullayev and Minister of Energy and Health of Malta Konrad Mizzi.

A memorandum of understanding on strategic cooperation in the oil and gas sector between the Ministry of Energy of Azerbaijan and the Ministry of Energy and Health of Malta was signed by Energy Minister of Azerbaijan Natig Aliyev and Minister of Energy and Health of Malta Konrad Mizzi.

China to help to boost oil recovery from fields in Kazakhstan

Kazakhstan's national oil and gas company KazMunaiGas (KMG) and the China National Petroleum Corporation (CNPC) will jointly work on increasing the oil recovery and utilization of the associated gas at fields in southern Kazakhstan.

The agreement on the expansion of technical cooperation in the oil and gas sector between CNPC and KMG will serve as a basis for this. The agreement was inked in Astana after a meeting of the Kazakhstan-China Business Council with the participation of heads of governments of the two countries.

The document stipulates that the KMG and CNPC will expand technical cooperation in the oil and gas industry, including in boosting the oil recovery of the oil fields in the 'South Turgai' basin in Kazakhstan.

Aside from that, under the agreement the Kazakh and Chinese companies will conduct researches on enhancing the reservoir recovery by selective injection of water into oil horizons at the Kalamkas field.

It was also agreed to develop cooperation on gas utilization in the Kyzylorda region of Kazakhstan through researches on turning the associated gas into liquid hydrocarbons.

Under the agreement, KazMunaiGas - Processing and Marketing JSC, a subsidiary of KMG, and CNPC will establish a joint production of diesel fuel, synthetic natural gas and other petrochemical products.

Kazakhstan, Kashagan's operator agree on further development of field

The government of Kazakhstan, North Caspian Operating Company (NCOC), the operator of the North Caspian project (Kashagan) and members of the production sharing agreement for the project have settled a number of industrial, financial and environmental issues raised over the past few years, NCOC told Trend.

"The agreement was signed recently in Astana by the minister of energy, representatives of NCOC and companies participating in the production sharing agreement for the project," said the company. "Terms of the agreement are confidential."

Turkmenistan to acquire drilling equipment in China

State Concern Turkmennebit (Turkmenoil) will sign a contract with the China Petroleum Technology and Development Corporation for the purchase of ten sets of drilling rigs of ZJ70DB brand with an annual set of spare parts and equipment of high pressure.

The agreement will be made "in order to further expand the scope of work to find oil," the presidential decree said.

Construction of third branch of Uzbekistan-China gas pipeline completed

The construction of the third branch of the gas pipeline running to China has been completed in Uzbekistan, the management of Uzbekneftegaz National Holding Company said. The project cost totaled $2.05 billion. The source said that the linear part of the gas pipeline has been fully welded and laid throughout its full length. It is expected that the third branch will be filled with gas in Q1 of 2015.

The length of the third branch of the Uzbek section is 530 kilometers, while its design capacity is equal to 25 billion cubic meters of gas per year. Uzbekistan-China gas pipeline is the section of the CentralAsia-China gas pipeline running through Uzbekistan.

Iran and Serbia plan to develop trade ties
Iran and Serbia plan to develop trade ties
Value of exports from Azerbaijan to UK soars
Value of exports from Azerbaijan to UK soars
Kazakhstan sees increase in trade with Iran despite COVID-19
Kazakhstan sees increase in trade with Iran despite COVID-19
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