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Caspian Oil & Gas Trends: July 2019 (2)

12 November 2019
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Summary of main events

Topic of the issue

Demand for OPEC crude in 2019 revised up
OPEC sailings down by 0.5%
Oil demand in Middle East is to rise by 0.08 mb/d over 2019
OPEC Reference Basket value drops to lowest level since January
Slower China GDP growth nudges oil prices lower
Balticconnector offshore pipeline construction work in sea completed
Turkey discovers gas reserves off coast of Karpas Peninsula
Maersk Drilling reveals value of contract on Shah Deniz
Oil, non-oil exports from Iran's Shahid Rajaee port increase
Azerbaijan significantly increases oil exports
Turkey begins privatization of land in 3 provinces as part of oil and gas exploration
Sefcovic: We’ve been very helpful in making sure Southern Gas Corridor is smoothly developed
Turkey discovers gas reserves off coast of Karpas Peninsula
Oil prices regain little ground lost in previous session
Managing director: TAP is one of most ambitious projects in oil and gas industry
IEA launches new tool for tracking oil and gas-related methane emissions worldwide
Turkish municipality to buy over 100,000 liters of fuel via tender
IBM looking for more opportunities for transforming business models in Azerbaijan
OPEC crude oil production outage rises to highest levels since late 2015
Сivil works in well C-30 in Azerbaijan to start in August
Halliburton sees 6% increase in int’l revenues
Saipem gets new contracts in offshore drilling in Romania, Abu Dhabi
Oil losing ground to gas
Oil demand growth to largely depend on use of plastics
Southern Gas Corridor is result of complex coordination between countries, companies
Star Refinery to get 1 million tons of Urals crude
Oil slips to around $63 as Iran concerns fade for now
Emerson completes its $48 million contract for Shah Deniz 2
TAP enters final stretch, says country manager
World’s top LNG importer to change by 2022
TAP: Final stage of onshore activities completed for over 95%
Southern Gas Corridor CJSC talks on status of issued Eurobonds
TAP to facilitate switch from coal to gas in Italy: consortium
Gas chemical cluster to be developed in Turkmen regions
Russia’s RussNeft talks on expected volumes of oil production in Azerbaijan
Oil edges up on U.S. stocks fall, Mideast tensions, trade talk signs
TANAP receives a major award
Tension around Strait of Hormuz may hit hard oil, gas, maritime trade
DESFA has opportunity to provide additional services for TAP
Oil rises on U.S. inventory decline but slowing economy caps gains
Over 1 billion euros to be required to double TAP’s capacity
Modifications required for TAP to reach 20 BCMY capacity
TAP invites to non-binding phase of Market Test
Why tension around Strait of Hormuz moderately affects oil prices?
It would be almost impossible to shut Strait of Hormuz
Oil transportation via BTC through Turkey down
What's TAP's guaranteed supply pressure?
EBRD, AIIB and BSTDB to allocate $350M for Turkey’s largest geothermal power plant
Oil loses ground on pessimism over U.S.-China trade talks
NPCC, Petrofac to provide FEED services for Belbazem Block Development Project
Drilling works at Absheron field in Azerbaijan near completion
LNG demand growth to slow in coming years
Aggregate bookings in TAP as of July 2019
Why tension around Strait of Hormuz moderately affects oil prices?
Drilling at Azerbaijan’s Karabakh field to start by year-end
Enagas reveals volume of investments in TAP
OPEC oil reserves down by 0.2%
Azerbaijan’s crude output up in 2018
Turkey announces volume of petroleum products’ sales by Star Refinery
Azerbaijan increases gas exports to Turkey by more than 28%
Azerbaijan's ACG among top 5 projects shaping BP's future dev't plans
Is Strait of Hormuz of any significance in global energy market?

Companies

Ukrtransnafta starts transporting US oil to Kremenchug refinery
Wärtsilä starts introducing new developments, technologies to Azerbaijan
Finnish Wärtsilä looking for new ways to support Azerbaijan in stabilizing grid
Zenith Energy increases capacity of BD-260 rig for drilling operations in Azerbaijan
Zenith Energy announces time of starting well deepening at Azerbaijan’s Jafarli
BP creating world-class bioenergy company
Lukoil eyes to acquire 5% in UAE's offshore gas project
Azerbaijan’s Akkord to build big agricultural complex in one of rural districts
Equinor ups natgas sales by 1.2 bcm
Petkim Petrochemical Complex makes 3rd payment with regard to its bonds
Snam, IP agree to build 26 new natgas refueling plants in Italy
Chevron: Process of selling company’s assets in ACG, BTC to take several months
Caspian Drilling Company talks upgrading Satti drilling rig
BP has no plans to take its tankers through Hormuz
BP reports on oil production in all global projects
BP profits beat expectations as oil and gas production rises
BP still has much to do in Azerbaijan - Bob Dudley
Zenith Energy to spend $3.5 M for upgrading work at Azerbaijani fields
Turkey’s MCB Madencilik to be engaged in oil and gas exploration in several provinces
Spanish Enagas sees 5.2% decrease in revenues
Zenith Energy starts well deepening operations at Azerbaijan’s Jafarli field
Zenith Energy downs oil sales from Azerbaijani assets

SOCAR

SOCAR Carbamide Plant starts supplying carbamide to Azerbaijani domestic market
SOCAR, ENOC mull prospects for co-op
SOCAR increases exports of oil, petrochemical products by 48%
SOCAR produces about 1.7 bcm of gas
SOCAR reveals volume of gas supplies to Georgia
SOCAR considering 2 new projects for gas supply to Georgia’s mountainous regions
SOCAR expands its gas pipeline network in Georgia
SOCAR reveals volume of transshipment through terminal in Georgia
SOCAR Polymer getting improved raw materials from EP-300 plant in Sumgait
82 existing A1 petrol stations in Austria to be replaced by SOCAR brand
SOCAR’s Integrated Drilling Trust completes drilling at 27 wells
SOCAR buys new gas pipeline sections in Georgia
SOCAR AQS completes works on construction of exploration well at West Absheron Field
SOCAR: Reports about acquiring a stake in Turkish media group are not true

Iran

Iran, Russia conclude agreement on oil exports
Iran to earn billions of dollars from gas, electricity sales to Iraq
Oil, non-oil exports from Iran's Shahid Rajaee port increase
Detention of Iranian tanker by Britain affects oil sale
Ashgabat, Tehran mull energy security issues
Export of Iranian petrochemical products continues
Iran discloses volume of crude oil to be sold at energy exchange
Tajikistan becomes energy exporter with Iran's help
Gasoline smuggling causes multi-billion dollar damage to Iran
Iran spends more oil for production of primary products than Germany
Why tension around Strait of Hormuz moderately affects oil prices?
Iran’s Isfahan Oil Refinery commissions 3rd distillation unit
National Iranian Drilling Company, Dana Drilling Company signed a co-op agreement
Tension around Strait of Hormuz may hit hard oil, gas, maritime trade
Oil production of Iran’s Maroun Oil and Gas Production Company grows
Record figures achieved in electricity consumption in Iran
Iran's gas exports dropped by 1M tons last year
Iran increases fuel quota for goods transportation
Iranian gas or TAPI: who will be victor in gas rivalry?
IEA emergency stocks large enough to cover disruptions in oil supply from Strait of Hormuz
Iran fuel card revival will not limit smuggling
Iran resumes power sale on energy exchange
Iran sees increase in exports of petrochemical products
Production of petrochemical products in Iran to reach 94M tons
Iran reviews trading water on energy exchange
Iran's alternative energy production capacity reaches 760 megawatts
Deputy minister: About 4,000 mines inactive in Iran
Iran to export gasoline
Iran to create 3,000 jobs by reviving small mines
Why tension around Strait of Hormuz moderately affects oil prices?
Turkmenistan-Iran gas dispute ended in Iran's favor?
Iran saves up to €350,000 by overhauling gas turbine
Crude exports from Iran down by 10.9%
Propylene production in Iran to increase by 3M tons
Enterprises established in Iran’s West Azerbaijan province through foreign investments
Iran's Tabriz Oil Refinery to launch 3 projects
Iran’s Zarif: Iranian oil revenues should go through INSTEX
Iran, Belarus agree to barter oil in exchange of goods

Kazakhstan

Design work starts for modernization of Satti rig from Kazakhstan
National oil transporter in Kazakhstan increases oil turnover
Over 80% of cars in Kazakhstan use petrol
National oil transporter in Kazakhstan increases oil turnover
Major oil companies to support further digitalization of Kazakhstan
Oil consumption up in Kazakhstan
Swiss-Swedish corporation to modernize Kazakhstan's oil refinery
Oil extraction to be launched on new field in Kazakh sector of Caspian Sea
Another Kazakh region supplied with uninterruptible energy
Alternative energy source to be constructed in energy-deficient region of Kazakhstan
Major oil refinery of Kazakhstan exceeds planned manufacturing volume

Turkmenistan

EU discusses framework agreement on future supplies of Turkmen gas to Europe
Turkmenistan remains key gas supplier to China
Ashgabat, Tehran mull energy security issues
Turkmenistan discusses interaction with UN in transport and energy
US company offering new projects to Turkmen petrochemical industry
Turkmenistan’s crude oil production down
Turkmenistan-Iran gas dispute ended in Iran's favor?
Russia, US buy gas processing products in Turkmenistan
24th “Oil and Gas of Turkmenistan” int’l conference (OGT 2019)
Gas chemical cluster to be developed in Turkmen regions
Turkmenistan, Argentina mull prospects for co-op in energy sector

Uzbekistan

Uzbekneftegas will no longer develop fields with reserves difficult to extract
Uzbekistan interested in TAPI gas pipeline project
Major foreign company to cooperate with LUKOIL in Uzbekistan
Uzbekneftegas will no longer develop fields with reserves difficult to extract
Uzbekistan interested in TAPI gas pipeline project
Major Russian oil company enters Uzbekistani market
Uzbekistan sees decline in crude oil output
Saudi Arabia intends to participate in construction of SPP in Uzbekistan
In 2019, 94 enterprises of Uzbekistan switch to coal
Russian company to supply equipment to Uzbek plant
Gazli - Shymkent gas pipeline of Uzbekistan resumes work after fire
New gas-bearing formation discovered in Uzbekistan
Uzbekistan establishes new JSC in oil, gas sector
IFC talks modernization of Uzbek TPP
Indonesian company plans to export gasoline to Afghanistan from Uzbek oil refinery
Saudi Aramco may participate in two Lukoil projects in Uzbekistan
Uzbek Ministry of Energy talks on joint project with Gazprom
ADB to support energy reforms in Uzbekistan

Georgia

Azerbaijan among top 3 fuel exporters to Georgia
Georgia receives 547.6 million kW/h of electricity from Azerbaijan
Germany supports Georgia to implement energy sector reform
LUKOIL plans to build plant for production of propylene in Nizhny Novgorod
Georgia's Wissol Group names reasons for fuel price increase
SOCAR buys new gas pipeline sections in Georgia
Quality of diesel fuel in Georgia undergoing revision
Georgian Tbilisi Energy buys 100% of shares of KazTransGas-Tbilisi