Major events in Caspian countries' oil and gas industry for last week (Sept. 19-23)
Azerbaijan applies to transport its gas to Bulgaria
Azerbaijani company AGI (Azerbaijan Gas International), a 100-percent subsidiary of the country’s State Oil Company SOCAR, has applied to transport its gas via the IGB pipeline (Interconnector Greece-Bulgaria), head of SOCAR Balkan Murad Heydarov told reporters in Baku. He said that the AGI participates in the auction, which is a binding stage of IGB project’s implementation.
"We plan to transport Azerbaijani gas via the IGB,” Heydarov said. “The Bulgargaz company, which has a contract with AGSC (Azerbaijan Gas Supply Company) for the supply of one billion cubic meters of Azerbaijani gas from the Shah Deniz field per year, also participates in the binding stage. However, it is not Azerbaijan but Bulgargaz which will be participant of the IGB.”
“That is, the project will involve the companies, which have gas to transport through the pipeline,” he said. “We sell gas to Bulgargaz, which will become its transporter and which takes part in the binding stage. AGI participates in this stage with Azerbaijani gas, which is not related to the Shah Deniz field, and the company will act as a transporter.”
Turkmenistan elevates legal status of oil & gas concerns
A number of changes and additions have been introduced to Turkmenistan’s “Law on Hydrocarbon Resources”, according to which the Turkmengas and the Turkmennebit state concerns were entrusted to manage and use the country’s hydrocarbon resources.
IDB to finance Turkmen section of TAPI gas pipeline
The State Bank for Foreign Economic Affairs of Turkmenistan on behalf of the government as the borrower and the Islamic Development Bank (IDB) will conclude an agreement to finance construction of the Turkmen section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
The corresponding decree was signed by Turkmen President Gurbanguly Berdimuhamedov.
Kazakhstan offers SOCAR to take part in Eurasia project
Kazakhstan offers Azerbaijan’s state oil company SOCAR to consider the possibility of participation in the international Eurasia project, according to the protocol of the 13th session of the Kazakhstan-Azerbaijan intergovernmental commission on economic cooperation held in Astana, Kazakh media reported.
According to the protocol, the sides agreed to study opportunities for the implementation of joint energy projects, to expand cooperation in the delivery of oil and oil products aimed at the diversification of routes from the Caspian Sea to global and European markets, to study the possibility of transportation of Azerbaijan’s liquefied gas via the Batumi Oil Terminal.