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Caspian Oil & Gas Trends: April 2019 (2)

22 September 2019
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Summary of main events

Topic of the issue

Azerbaijan increases oil production
Azerbaijan significantly increases gas exports
99% of TAP pipes welded in Greece, Albania
Baltic Pipe project to receive €214.9 million grant
Poland interested in developing co-op with Azerbaijan in energy sector
Three reasons for sharp decline in oil price by end-2019
Two steps may lead to deficit in oil market
Oil hits 2019 high above $72 on China growth, lower U.S. inventories
TANAP to be ready for test gas supplies in summer
Azerbaijan increases production of propylene, polyethylene
Heydar Aliyev rig drills deepest well in Caspian Sea
EU could be interested in gas deliveries from still to be developed fields in Azerbaijan
INPEX: FID on further dev’t of ACG to have minimal impact on company’s consolidated financial results
Investments in ACG development revealed
Axpo intends to expand its position in renewable energy
ACG sanctions $6 billion Azeri Central East development project
Turkey, Azerbaijan & Turkmenistan to mull co-op in energy sector
Minister: TAP, IGB to turn Greece into energy hub
TAP talks on prospects for connecting EastMed
Azerbaijan slightly reduces oil transportation via BTC
Azerbaijan significantly increases electricity exports
Expert: Azerbaijan can bring gas production to 50 bcm a year
Azerbaijan to build oil, grain, processing terminals in Iran
Thomson Reuters analyst: BTC pipeline - way for supplying Caspian oil to external markets
Khoshbakht Yusifzade: Azerbaijan has supplied hundreds of millions of tons of oil to world markets
Azerbaijani minister: Current oil prices are satisfactory
How much oil will be produced at ACG in next 30 years?
Volumes of gas supply via TANAP revealed
Volumes of production at biggest gas field in Azerbaijan revealed
How withdrawal from EITI affected Azerbaijani mining industry?
Azerbaijan keeps increasing gas transportation via Baku-Tbilisi-Erzurum pipeline
Azerbaijan increasing methanol export
Two companies to compete for contract on construction of IGB
Oil production expected to grow in Caspian region
Pakistan to import Azerbaijani oil on deferred payment
Gas processing plant to be built in Azerbaijan
LNG prices to go down in 2019
ICGB announces meeting to open price offers for construction
Azerbaijan exports about 8,000 tons of LPG over 3 months
Azerbaijan to expand sale of compressed gas
Azerbaijan ready to help Belarus in case of appeals regarding oil supplies
Gasoline consumption up in Azerbaijan
Additional funds may be raised to modernize Azerikimya PA in Azerbaijan
Bitumen plant at Heydar Aliyev Baku Oil Refinery to reach full production capacity soon
Expected modernization completion date for one of chemical plants in Azerbaijan revealed
EU gas consumption down by 1.8%
Maersk Drilling reveals plans after contract on Shah Deniz ends
"US administration willing to accept potentially higher oil prices"
TAP project 86.5% completed
Capital Economics revises oil price forecasts up
Domestic sales by Star refinery gradually increasing
Construction of TAP micro-tunnel in Italy ahead of schedule
TAP’s Greek section is almost complete
Will renewal of Italy’s gas supply contract with Algeria affect TAP?
Waste oil of Iran’s Esfahan Oil Refinery successfully used at Ardistan Cement Plant
IMF expects Azerbaijan’s oil GDP volume to increase greatly
SOFAZ reveals revenues from biggest oil & gas projects in Azerbaijan
Gas prices to recover over next two years
Crude oil prices expected to moderate from their current levels
World Bank lowers forecasts for 2019 global oil consumption
Expert: If export of Iranian oil drops to zero, government's revenues to decline
Waste oil of Iran’s Esfahan Oil Refinery successfully used at Ardistan Cement Plant

Companies

BP announces $500 M extension to its drilling and engineering contract in Azerbaijan
Zenith Energy’s new rig to start drilling onshore Azerbaijan soon
Greek company becomes sole candidate for IGB pipe construction
Equinor says decision to add one platform to ACG contributing to its int’l strategy
Wood Mackenzie: Azerbaijan to be 5th largest biggest contributor to production in BP’s global portfolio
BP suspends work at one of ACG platforms
Why Gazprom decided to resume imports of Turkmen gas?
BP and partners bring international strategic executive expertise to Azerbaijan
Chevron posts 27 percent fall in quarterly profit
Total expects hydrocarbon output growth to exceed 9%
BP ready to expand its presence in Caspian region

SOCAR

SOCAR AQS conducts unique drilling, geophysical research at Umid field
SOCAR AQS completes drilling at one of wells in Bangladesh
Azerbaijan’s SOCAR AQS and KCA Deutag JV to start drilling in early May
SOCAR & partners may buy stake of ExxonMobil, Chevron in ACG
Fourth SOCAR International Forum underway in Baku
Final investment decision on SOCAR GPC to be made before end of year
4th SOCAR Forum launched with Baku Higher Oil School’s organisational support
SOCAR may begin construction of new oil refining unit in 2020
SOCAR talks on planned carbamide export
SOCAR announces expected oil refining volume in Azerbaijan
SOCAR reveals terms of large petrochemical complex construction in Turkey
Organised with support from Baku Higher Oil School, 4th SOCAR Forum concludes

Alternative energy sources

How much electricity is produced from waste in Azerbaijan?
Azerbaijan invites Chinese companies to co-op in alternative energy

Iran

Iran to launch 2 important oil projects in Ilam Province
5 petrochemical complexes cease activities in Iran
Iran’s Gas Transmission Company commissions solar panel plant
Production at Iran’s South Pars Gas Complex to increase
Iran, China talk on development of two oil fields
First phase of Iran's South Azadegan mobile oil treaters is operational
Oil production up in Iran's Dorud field
What stands behind US decision on ending Iran sanctions waiver?
Iranian Oil Ministry official: Iran's oil exports will not drop
Seven wells repaired and further developed in Iran’s onshore oil zones
Oil production up in Iran's Dorud field
Iran’s gas import and export relations with neighboring countries
Iran to put heavy crude oil up for sale
Head of Iranian Association: Iranian petrochemical products are not subject to US sanctions
US decision not to extend waivers for Iran may end OPEC deal
"Iran will keep delivering oil to its customers despite US decision"
Four reasons pushed US to get rid of all exemptions to sanctions on Iran
Former Iranian rep in OPEC: All oil refineries worldwide need Iran's crude oil
IEA: Further tightening of sanctions on Iran to impact its export capacity
Iran’s Fanavaran Petrochemical Company registers production record
Central Bank of Iran: dropping Iran's oil exports to zero - an “illusion”
"US administration willing to accept potentially higher oil prices"
Producing and selling petroleum products is the way to combat US sanctions
"US administration willing to accept potentially higher oil prices"
Iranian MP: Iran's dependency on oil export makes country vulnerable to US sanctions
Iran’s gas import and export relations with neighboring countries
Who will be real winners of US decision on ending waivers for Iran?
Former Iranian rep in OPEC: All oil refineries worldwide need Iran's crude oil
Iran's minister talks on possibility of replacing country's oil on world market
Three countries unlikely to end Iranian oil imports from May
Iran to produce 47 million liters of gasoline per day at Persian Gulf Star Oil Refinery
Who will be real winners of US decision on ending waivers for Iran?
Expert: If export of Iranian oil drops to zero, government's revenues to decline
Iranian oil refinery produces 5.2B liters of petrol
US sanctions bring Iran’s oil output down by 30%
Production plans at Tabriz Petrochemical Complex announced
Minimum expectation from Europeans is to buy Iran's oil for domestic consumption: former envoy
Biggest solar panel power plant to be built in Iran
Iran's MP: increasing fuel price to make up for budget deficit - a mistake

Kazakhstan

KazMunaiGas increases jet fuel production over twofold
NCOC: Development of two new fields in Caspian Sea to benefit Kazakh economy
Kazakhstan to complete construction of gas pipeline at end of 2019
KazMunaiGas to place from 15% to 25% of shares on IPO
Kazakhstan produces 14.6 bcm of natural gas in 1Q2019
Prices for electricity drop in Kazakhstan
Shell, Kazakhstan may jointly develop fields in Caspian Sea
New solar park launched in Kazakhstan's Karaganda
Fitch predicts slowdown in Kazakhstan’s economy due to lower oil production
Kazakhstan to export electricity to other EAEU members
EBRD, Green Climate Fund provide loan to finance Kazakh solar power plant

Turkmenistan

Gazprom confirms restart of gas supplies from Turkmenistan
Turkmenistan resumes gas supplies to Russia
Russia’s Gazprom resumes purchases of Turkmen gas until July
Turkmenistan offers S. Korea joint energy projects
EU companies need guarantees from Turkmenistan to be engaged in Trans-Caspian Pipeline
Turkey, Azerbaijan & Turkmenistan to mull co-op in energy sector
Turkmenistan develops new investment projects in gas industry
Turkmenistan to modernize gas processing plant
Turkmenistan developing oil & gas field in shallow waters of Caspian Sea
Wood Mackenzie: Gazprom, Turkmenistan may ink further short or medium-term deals
Turkmenistan promotes Trans-Caspian gas pipeline project passing through Azerbaijan
OSCE consults Turkmenistan on renewable energy
Testing held at new gas chemical complex in Turkmenistan
UK, Russia buy oil & gas processing products in Turkmenistan
Ashgabat, Riyadh mull prospects for co-op in gas industry

Uzbekistan

Uzbekistan produces over 15 million cubic meters of gas
Hungarian company to build vegetable oil plant in Uzbek region
Lukoil to invest $2B in projects in Uzbekistan
Uzbek Ministry of Energy talks on implementation of new gas production project
Turkish company to build first thermal power plant in Uzbekistan's region
British Petroleum intends to participate in deep processing of hydrocarbons in Uzbekistan