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News about State Oil Company of Azerbaijan
Kazakhstan, Azerbaijan eye Asian energy markets  One of the most talked about news in Kazakhstan’s oil and gas industry today is that Caspian gas, in particular, from Azerbaijan may turn 180 degrees around and flow east instead of west, toward China. Azerbaijan mulls Iranian, Russian gas markets Azerbaijan is ready to sell its gas to Iran and Russia amid lingering disputes over the sale price for its natural gas to Turkey, state oil company of Azerbaijan (SOCAR) President Rovnag Abdullayev said. He Turkmenistan’s Eastern Promises There is trouble in Turkmenistan. Revelations that reports on natural gas reserves in the former Soviet republic were overstated could reawaken concerns about Ashgabat’s ability to meet all its ambitious export promises. Furthermore...as if it Kazakhstan may pump crude to Europe through Azerbaijan  KAZAKHSTAN will support all routes to transport its energy resources, be it to Europe or in the opposite direction, to China. Such was the keynote of the closing press conference held in Astana recently in Warsaw agreement means Polish business An Azerbaijani delegation led by Industry and Energy Minister of Azerbaijan Natig Aliyev recently paid a visit to Warsaw to participate in the third meeting of Azerbaijan-Poland Intergovernmental Commission on Economic Co-operation, Trend news agency Nabucco consortium hurdles Gazprom roadblocks  Nabucco is still counting on gas supplies from Azerbaijan despite a memorandum of understanding signed between Russia’s Gazprom and the State Oil Company of Azerbaijan SOCAR, Nabucco Gas Pipeline International GmbH spokesman Christian Dolezal told Total signs EDPSA with SOCAR for the Absheron block in Azerbaijan  France’s energy major Total announced on February 27 that it signed an agreement with state oil company of Azerbaijan SOCAR. The exploration, development and production sharing agreement (EDPSA) covers a license on the Absheron offshore Georgian Russian tensions ripple effects Inqilab Ahmadov, head of the Center for Monitoring of Public Finances stated that the aftermath of the Georgian-Ossetian conflict has directly affected Azerbaijan’s economy by cutting off in the transport communication with the Black Sea Georgia sees potential for new pipelines Georgian Energy Minister Alexander Khetaguri said that, with today’s price for crude oil, Tbilisi is looking not only at the Baku-Tbilisi, Baku-Tbilisi-Erzurum, and Baku-Supsa pipelines, but also new projects to transit much-need hydrocarbons to western USD 54 mln credit from World Bank to clean up  The State Oil Company of Azerbaijan has reached an agreement with the World Bank regarding raising a credit in the amount of USD 54 million for cleaning the oil polluted lands of Absheron.The announcement was SOCAR looks into more investment opportunities The State Oil Company of Azerbaijan (SOCAR) is currently studying investment opportunities in Romania, SOCAR president Rovnag Abdullayev said on October 15, Interfax reported. “We intend to have a specific investment program for Romania. The Azerbaijan oil company joins Caspian project  The heads of the national oil companies of Kazakhstan and Azerbaijan have signed two agreements on the joint projects they plan to implement at the Caspian Sea as well as at the Black and Mediterranean Kazmunaigaz and SOCAR agree on Trans-Caspian project deal The State Oil Company of Azerbaijan (SOCAR) and Kazakh state oil company KazMunaiGaz signed an agreement on strategic cooperation in oil and gas and a memorandum on the joint implementation of the Trans-Caspian project in Sioufas, Babayev ink oil and gas cooperation memo in Baku Greek Minister of Development Dimitris Sioufas and Azerbaijani Minister of Economic Development Heydar Babayev signed in Baku a Memorandum of Cooperation in oil and gas sector which will allow Azeri gas to flow to Greece Azerbaijan resumes liquefied natural gas production Azerbaijan has resumed producing liquefied natural gas (LNG), a source in the State Oil Company of Azerbaijan (SOCAR) told Interfax on July 25. “A catalytic cracking unit began working again … at the Baku Oil Azerbaijan to raise oil output Azerbaijan’s crude oil production will hit 47 million metric tonnes next year as the country is increasing its oil output. SOCAR President Rovnag Abdullaev said that the government plans to raise oil output 35 percent JBIC wants to transport Kazakh oil via Azerbaijan The Japan Bank for International Cooperation (JBIC) is interested in projects to transport Kazakh oil through Azerbaijan, State Oil Company of Azerbaijan (SOCAR) said, citing the bank’s managing director, reported Interfax. “JBIC is interested in Georgian section of Baku- Ceyhan pipe first oil nears The Georgian government intends to hold an official ceremony to mark the launch of the Georgian section of the Baku-Tbilisi-Ceyhan pipeline on October 12, Natik Aliev, the president of the state oil company of Azerbaijan Foreigners for oil fields: SOCAR The State Oil Company of Azerbaijan (SOCAR) could attract foreign companies to develop a number of oil fields in the country, it was reported recently. This includes developing the Ashraf and Karabakh fields, from which Output stabilisation to come State oil company of Azerbaijan (SOCAR) worked out the development programme for 2004-2008, which has stimulated the stabilisation of oil production, company President Natik Aliyev told the state information agency of Azerbaijan on May 18. |
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