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Caspian Oil & Gas Trends: May 2019 (1)

16 September 2019
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Summary of main events

Topic of the issue

Share of SMEs in employment in Azerbaijan exceeds 70% - deputy minister
Operating costs of Greenfields Petroleum at Azerbaijan’s Bahar-Gum Deniz up
Gas output at Azerbaijan’s Bahar field down by 4%
Oil production volume at Azerbaijan’s Gum Deniz field revealed
In Georgia, 3 percent of consumed gas accounts for import from Russia
US LNG supplies to EU reach highest volume in March
OPEC+ can opt to reduce their collective production cuts in H219
Eni to pursue exploration activities in Bahraini field
TAP shareholder entering solar business
Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply
Volume of oil products sales from Star Refinery announced
Oil reserves found in Turkey
Why Iranian MPs disagree on increasing gasoline prices?
US Senator: TAP, IGB are on track to become reality
Dutch envoy: Europe's private companies should be supported in Iran’s oil & gas sector
Oil set for weekly decline amid surging U.S. output, expected OPEC increase
Is Iran going to leave OPEC?
Oil reservoirs in Pars Oil Company rise despite US sanctions
Seven projects of Persian Gulf Petrochemical Industries Company in next two years revealed
Azerbaijan starts exporting electricity to EU countries
Export of Persian Gulf holding not effected by sanctions
How much foreign companies invested in Azerbaijan’s oil & gas sector?
ADB talks on technical assistance for Shah Deniz Stage II Investment Plan
Azerbaijan starts jet fuel supply to new Istanbul airport
What factors will affect oil market by end of year?
Analysts expect oil prices to decline by end-year
Re-contracting of Azerbaijan project vessels helps Topaz Energy to increase EBITDA margin
IMO rules to drive global LNG bunkering demand up
TAP compressor station near Albania’s Fier is over 85% complete
Analyst: OPEC can soften terms of deal on cutting oil production
What factors will affect oil market by end of year?
Iraq sees deal with Exxon Mobil, PetroChina 'very soon': oil minister
Azerbaijan doesn't expect great changes in oil market due to anti-Iranian sanctions
Azerbaijan starts to fulfill commitments under OPEC+ agreement
Azerbaijan may host 24th World Petroleum Congress
Italian PM: EastMed could join TAP
IAP company should be established in following next months
Global oil demand to outpace supply in 2019
OPEC oil output to decrease by 1.7 million b/d in 2019: forecasts
EIA ups forecasts for Brent, WTI prices
EIA revises down forecasts for Azerbaijan’s petroleum output
Oil falls as U.S.-China trade fears overshadow supply drop
US sanctions bring Iran’s oil output down by 30%
Caspian Pipe Coatings increases oil transportation
Saipem reveals cause of fire on pipe-laying vessel in Caspian
Analyst: OPEC can soften terms of deal on cutting oil production
Number of oil producer wells increases at ACG
Oil exports via Baku-Tbilisi-Ceyhan down
Envoy: Azerbaijan, Pakistan are exploring further possibilities in energy sector
Analyst: participation of Azerbaijan in OPEC+ of great importance
Where will groundbreaking of IGB take place?
Oil production at Iran's flood-hit Khuzestan province back to normal
Gas product spills in Houston Ship Channel after collision involving 755-foot oil tanker and barges
Azerbaijan cuts average daily oil production within OPEC + agreement
Line pipe supplier selected for Gas Interconnector Greece-Bulgaria
Envoy: It is important to complete TAP project in accordance with schedule
Azerbaijani company starts developing plan for project to reconstruct oil refinery in Baku
Finland looking to develop innovative partnerships with Azerbaijan in energy efficiency
Topaz Embraces IoT with BHGE’s VitalyX Lubricant Monitoring System
World oil demand growth is forecast to increase by 1.21 mb/d
Non-OPEC oil supply growth in 2019 revised down
OPEC sees more 2019 demand for its oil as it keeps cutting output
Oil expert’s prognosis: Iran can export about 400,000-500,000 barrels of oil
Global energy investment ends three consecutive years of decline

Companies

Greenfields Petroleum announces extension of senior secured debt payments
Operating costs of Greenfields Petroleum at Azerbaijan’s Bahar-Gum Deniz up
Greenfields Petroleum announces sales volumes from Bahar-Gum Deniz block
Zenith Energy to raise funds for more effective operation in Azerbaijan
Zenith Energy to purchase additional equipment for work onshore Azerbaijan
Zenith Energy awards contract for drilling contractor services onshore Azerbaijan
Equinor’s net operating income down in Q1 2019
BP re-starts Central Azeri platform
BP to boost Gulf of Mexico spending as shale-focused rivals pull back
Equinor reveals times of starting seismic survey at Ashrafi-Dan Ulduzu-Aypara
LUKOIL's oil spill response technology gets green light
Wissol Petroleum Georgia is not for sale, says the company
BP increases gas production in Azerbaijan
BP to start drilling first well at on Shallow Water Absheron Peninsula later in 2019
BP reduces associate gas deliveries to SOCAR
BP reveals volume of capex on South Caucasus Pipeline
BP reveals export volumes from Sangachal terminal
LUKOIL sees significant potential for growth of its motor oil sales in Azerbaijan
LUKOIL announces total tax payments to Azerbaijan’s budget
Saipem updates on health condition of injured in vessel accident in Caspian
Saipem organizes Medevac for 11 injured in vessel accident in Caspian
Saipem continues operation in Azerbaijan through Saipem Contracting Netherlands B.V.
Petkim sees 51% increase in net sales volume
BP recently created BP Launchpad as a business incubator
Equinor's US Gulf of Mexico 2019 net production to rise by 15%

SOCAR

SOCAR reveals reasons of deciding to construct new unit at Baku Refinery
SOCAR Methanol reveals export volumes
SOCAR Methanol announces production plans for 2019
SOCAR Energy Ukraine reveals volume of natgas sales
SOCAR clarifies situation related to Azerbaijani oil shipment through Batumi port
SOCAR opens season of refueling on water in Ukraine

Alternative energy sources

EBRD proposes Azerbaijan to increase renewable energy potential
UAE eyes to cooperate with Azerbaijan in field of alternative energy
Solar panels to be installed in more settlements of Georgia
Qatar, China interested in building wind power plant in Caspian Sea

Iran

All power plants in Iran to be supplied with natural gas
Is Iran going to leave OPEC?
Iran to outsource gas industry-related work to private sector
Why Iranian MPs disagree on increasing gasoline prices?
Iran continues discussions with UK’s Pergas International Consortium
Dutch envoy: Europe's private companies should be supported in Iran’s oil & gas sector
OPEC: Iran's efforts in past 40 years - example for oil industries in region
Iran signs agreement with six companies for exploration of oil fields
At least 2,500 MW from solar panels can be produced in Iran’s Kerman Province
OPEC+ can opt to reduce their collective production cuts in H219
Iran may export gas via Azerbaijan
Ex-Iranian official: many oil refineries built by taking Iranian oil into account
Iran sells 70,000 barrels of oil at IRENEX
Oil reservoirs in Pars Oil Company rise despite US sanctions
Russian, Dutch companies to use capacity of Iranian energy market
Fuel prices in Iran remain unchanged
Seven projects of Persian Gulf Petrochemical Industries Company in next two years revealed
Export of Persian Gulf holding not effected by sanctions
Iranol Oil Company boosts domestic sales of motor oil to make-up for oil exports decline
Iran selling oil at grey market - deputy minister
Iran continues producing oil from South Pars despite sanctions
US sanctions bring Iran’s oil output down by 30%
Iran energy official: Crude oil sale on gray market easier than selling oil products
MP: US can not restrict sale of Iranian petrochemical products
Volumes of Iranian gas production, export and import revealed
Fuel smuggling from Iran profitable even if price jumps 6 times - expert
Iranian National Gas Company names most important plan for next year
Iran exports petrochemical products worth over $880M
Seven percent of fuel of Iran’s Shazand refinery converted to fuel oil
IMIDRO's coal concentrate output up
Will Iranian oil prices reach $100?
Oil expert’s prognosis: Iran can export about 400,000-500,000 barrels of oil
Iran to increase gas exports to Iraq
Iran insists on ramping up oil sales to stay in nuclear pact
Iranian economist: Iran needs oil money

Kazakhstan

Chinese Risen Energy talks benefits of financing new SPP in Kazakhstan with EBRD
Standard & Poor's releases report on KazTransGaz
Kazakhstan announces reasons for accident at oil-gas field in Mangistau region
Kazakhstan resumes transit of Turkmen gas to Russia
Kazakh oil decreases in price
Eni reveals equity output at Kazakhstan’s Karachaganak, Kashagan fields
Eni updates on construction of wind farm in Kazakhstan
Chinese Risen Energy talks benefits of financing new SPP in Kazakhstan with EBRD
Caspian Pipe Coatings increases oil transportation
Kazakhstan to develop alternative energy sources

Turkmenistan

Kyrgyzstan counting on receiving Turkmen gas from future pipeline to China
Testing held at new gas chemical complex in Turkmenistan
Reports on TAPI gas pipeline project to be delivered at congress in Turkmenistan’s Avaza
Turkmenistan upgrading energy infrastructure of northern region
Japanese companies active in fuel and energy sector of Turkmenistan
Amount of Turkmenistan's exports of oil products disclosed
UAE, Singapore, Turkey buy oil and gas processing products from Turkmenistan

Uzbekistan

New gas chemical complex to appear in Uzbekistan
Stone City Energy to make large investments in Uzbekistan
Kyrgyzstan sells electricity to Uzbekistan cheaper than to its citizens
Uzbek Energy Ministry talks on Power Uzbekistan international forum with Azerbaijan’s participation (Exclusive)
Uzbekistan, UAE may implement projects for construction of chemical enterprises
Qatari company, Uzbekistan may co-op in creation of logistics centers in oil&gas sector
Uzbekneftegaz intends to find contractor for modernization of Bukhara refinery
First oil produced at Mingbulak field of Uzbekistan
Largest Italian oil, gas company intends to enter Uzbek market