TAPI feasibility study completed
The feasibility study for a project to construct the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline has been completed, Chin Choon Fong, senior advisor at the Central and West Asia Department of the Asian Development Bank (ADB), said.
"The parties are currently discussing how to move forward," he said. "Pipeline construction will begin after developmental activities have been completed, including detailed design and route survey and financing arrangements."
Earlier, Chin Choon Fong told Trend that TAPI's construction can take about three years.
The feasibility study was worked out for the gas pipeline with a design capacity of pumping up to 33 billion cubic meters of gas per year.
Russian Lukoil ready to sign MoU with Iran
Russia's leading oil company, Lukoil has expressed readiness to sign cooperation documents with Iran , Amir Hossein Zamaninia, the Islamic Republic's deputy oil minister said.
The company's president Vagit Alekperov who is in Tehran met with Iran's oil minister, Bijan Namdar Zanganeh to discuss the future mutual cooperation, Zamaninia said.
Increasing Iranian oilfields' recovery rate, as well as crude oil exploration and extraction are the most important areas of cooperation with Lukoil in the future, he said.
The Russian company expressed readiness to implement enhanced oil recovery (EOR) and improved oil recovery (IOR) techniques in the Iranian fields, Zamaninia added.
In the meeting, the leading Russian company's president further said that Lokoil is interested to buy crude oil and oil products from Iran, Zamaninia noted.
SOCAR, Gazprom to start gas swaps soon
The State Oil Company of Azerbaijan (SOCAR) and Russia's Gazprom company will start implementing swap transactions on Russian gas supply to Azerbaijan soon, SOCAR President Rovnag Abdullayev said.
"Gazprom has an excess of natural gas and therefore we have decided to store these volumes in our gas storage facilities," said Abdullayev.
"We have held such talks with Iran as well," said SOCAR president. "For our part, we have expanded the capacity of our gas storage facilities and the supply of Russian gas will become a kind of pilot project for testing their capabilities."
As a result, SOCAR and Gazprom agreed to switch to the temporary swap scheme, he said.
SOCAR president added that the supply of around 10 million cubic meters of Russian gas per day will start next month.