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Energy2017
RU AZ
2017 December 29 ( Thursday )  10:18:35
 
President Approves SOFAZ Budget for 2018

Baku/29.12.17/ Turan: The President of Azerbaijan Ilham Aliyev approved the budget of the State Oil Fund (SOFAZ) for 2018. The revenues of SOFAZ for 2018 are projected at the level of 11 billion 559 million 956.2 thousand manats, and the expenses - 9 billion 730 million 221.8 thousand manats.


RU
2017 December 29 ( Thursday )  10:18:35
 
SOCAR Refineries to Be Modernized at Expense of Azerbaijan"s State Budget

Baku/29.12.17/ Turan: The Azerbaijani government plans to allocate funds from the state budget for reconstruction of the Baku-based oil refinery named after Heydar Aliyev of SOCAR (BNPZ - local abbreviation) within a few years, Finance Minister Samir Sharifov said.


RU
2017 December 29 ( Thursday )  10:18:35
 
Gas OPEC Forecasts - Azerbaijan to Export over 56 Bcm of Gas in 2040

Baku/29.12.17/Turan: Azerbaijan will see annual gas export growth rate of 9.1 percent, increasing its annual export volumes by 48 billion cubic meters by 2040, according to Global Gas Outlook released by the Gas Exporting Countries Forum (GECF).


RU
2017 December 29 ( Thursday )  10:18:35
 
Arab Company Appears in Oilfield Services Sector of Azerbaijan

Baku/29.12.17/ Turan: An oil service company from the United Arab Emirates Al Mansoori Petroleum Services has been registered in Azerbaijan, the departmental newspaper Vergiler of the Ministry of Taxes wrote on December 27.


RU
2017 December 29 ( Thursday )  10:18:35
 
Kazakhstan Increases Oil Production Forecast in 2017 due to Kashagan

Baku/29.12.17/ Turan: Oil production in Kazakhstan will total 86 million tons in 2017, Energy Minister Kanat Bozumbayev said.


RU
2017 December 29 ( Thursday )  10:18:35
 
Kazakhstan's Gas Production Breaks Records

Baku/29.12.17/ Turan: According to the results of 11 months, gas production in Kazakhstan amounted to 174.8 billion tenge (+ 10% per year) in monetary terms, and 48.4 bcm in terms of volumes (+ 15% against the same period a year earlier).


RU
2017 December 29 ( Thursday )  10:18:35
 
Construction of Turkmen Urea Plant Nearing Completion

Baku/29.12.17/ Turan: In the city of Garabogaz, the start-up and adjustment works on auxiliary equipment started at the plant that is currently under construction for the industrial processing of natural gas into ammonia and urea.


RU
2017 December 29 ( Thursday )  10:18:35
 
Russian Government Supports Gazprom"s Initiative

Baku/29.12.17/ Turan: Starting from January 1, 2018 Gazprom will be able to sell gas at free prices for subsequent liquefaction and export.


RU
2017 December 29 ( Thursday )  10:18:35
 
Rosneft Opens Office in Tehran

Baku/29.12.17/ Turan: A daughter of Rosneft, RN Exploration announced a tender for the lease of office space in the capital of Iran.


RU
2017 December 29 ( Thursday )  10:18:35
 
Oil Price Exceeds $ 66 / Bar Due to Libyan News

Baku/29.12.17/ Turan: Oil prices of reference brands resumed their rise yesterday on reports that production in Libya fell below 1 million barrels per day, and commodity oil stocks in the US continued to decline, Bloomberg reports.


RU AZ
2017 December 27 ( Wednesday )  11:11:44
 
SOCAR Receives Permission to Build New Gas Station

Baku / 27.12.17 / Turan: CJSC SOCAR Petroleum received permission from the Baku City Executive Power to build a new gas station. The permit was issued on November 15.


RU
2017 December 25 ( Sunday )  10:42:37
 
Azerbaijan Creates Energy Regulatory Agency

Baku/25.12.17/ Turan: On December 22, Azerbaijani President Ilham Aliyev signed a decree on the establishment of the Agency for Regulation of Energy Issues.


RU
2017 December 25 ( Sunday )  10:42:37
 
President of Azerbaijan Instructs to Launch Reforms in Energy Sector

Baku/25.12.17/ Turan: Azerbaijani President Ilham Aliyev ordered Dec. 22 to transfer a number of facilities of the State Agency for Alternative and Renewable Energy Sources to the balance of Azerishig OJSC (state monopolist for the distribution of electricity in Azerbaijan).


RU
2017 December 25 ( Sunday )  10:42:37
 
Azerbaijan and ADB Sign Loan Agreement on Gas Projects

Baku/25.12.17/ Turan: On 22 December of the current year, loan and guarantee agreements were signed for granting a syndicated loan facility in the amount of US$524.5 million backed with the guarantees of Azerbaijani state (sovereign guarantee) and Asian Development Bank (ADB) to Southern Gas Corridor CJSC (SGC) for the purpose of supporting the development of Shah Deniz gas and condensate field (Shah Deniz project).


RU
2017 December 25 ( Sunday )  10:42:37
 
Adviser on Oil and Gas Issues of President of Turkmenistan Appointed

Baku/25.12.17/ Turan: By decree of President Gurbanguly Berdimuhamedov of December 22, 2017, Yagshygeldi Kakayev was appointed adviser to the head of state on oil and gas issues.


RU
2017 December 25 ( Sunday )  10:42:37
 
Iraq Announces International Tender for Construction of Kirkuk-Ceyhan Oil Pipeline

Baku/25.12.17/ Turan: The Ministry of Oil of Iraq extended an official invitation to foreign companies to take part in the construction of a new branch of the Kirkuk-Ceyhan oil pipeline.


RU
2017 December 25 ( Sunday )  10:42:37
 
Surplus of World Oil Reserves Decreased by 200 Million Barrels by End of Year - Novak

Baku/25.12.17/ Turan: Surplus of world oil reserves decreased from 340 million barrels in early 2017 to 140 million barrels by the end of the year, Russian Energy Minister Alexander Novak said in an interview with the Rossiya24 television channel.


RU AZ
2017 December 22 ( Friday )  17:42:12
 
Azerbaijan attracted a loan of half a billion dollars for Shah-Deniz-2

Baku / 22.12.17 / Turan: Azerbaijan attracted a syndicated loan for $524.5 million to support the development of the Shah-Deniz-2 gas field. The signing of a loan and guarantee agreement on the provision of a syndicated loan worth $ 524.5 million under the state guarantees of the government of Azerbaijan and under the guarantees of the Asian Development Bank (ADB) was signed on Friday, Cenub Qaz Dehlizi (Southern Gas Corridor) reported.


RU AZ
2017 December 22 ( Friday )  11:08:49
 
Total Tries to Agree with SOCAR on Absheron Project

Baku/22.12.17/ Turan: Gas production from the Absheron field in the Azerbaijani sector of the Caspian Sea at the first stage will amount to 1.3 bcm, and at the second stage it will increase to 4 bcm. This follows from the report of the State Oil Company of Azerbaijan (SOCAR), circulated today.


RU AZ
2017 December 22 ( Friday )  11:08:49
 
SOCAR and Statoil Agree on Commercial Principles of Contracts

Baku/22.12.17/ Turan: SOCAR and Norwegian Statoil have agreed on cooperation in the field of exploration, development and sharing of production from a number of promising areas in the Caspian Sea and the development of the Karabakh oilfield, the State Oil Company of Azerbaijan (SOCAR) said.


RU AZ
2017 December 22 ( Friday )  11:08:49
 
Reconstruction of BNPZ Facilities to Cost SOCAR $ 800 Million

Baku/22.12.17/ Turan: Spanish Tecnicas Reunidas, which became a contractor of SOCAR for the reconstruction of the Baku Refinery named after H. Aliyev (BNPZ - local abbreviation ), will receive about $ 800 million for the implementation of these works, the website www.eleconomista.es notes.


RU
2017 December 22 ( Friday )  11:08:49
 
Pipes Laid on 620 Km of Greek-Albanian Section of TAP

Baku/22.12.17/ Turan: More than 80% of pipes have been laid on the Greek-Albanian section of the Trans Adriatic Pipeline (TAP), designed to supply Azerbaijani gas to Europe.


RU
2017 December 22 ( Friday )  11:08:49
 
Gazprom Sets Absolute Historical Record for Gas Exports

Baku/22.12.17/ Turan: On December 19, the daily export of gas amounted to 640 mcm, which is 3.6 mcm higher than the previous record set on January 27 this year.


RU
2017 December 22 ( Friday )  11:08:49
 
Gazprom Completes over 600 Kilometers of Turkish Stream

Baku/22.12.17/ Turan: Over 600 kilometers of the Turkish Stream gas pipeline have been laid over two strings. This was said by the official representative of Gazprom, Sergei Kupriyanov.


RU
2017 December 22 ( Friday )  11:08:49
 
Gazprom Announces Forecast for Exports to Europe

Baku/22.12.17/ Turan: Gazprom expects annual exports to Europe in the amount of 188 bcm of its gas in the period until 2020, Bloomberg reports, referring to the company"s approved budget.


RU
2017 December 21 ( Thursday )  17:34:33
 
Total Tries to Agree with SOCAR on Absheron Project

Gas production from the Absheron field in the Azerbaijani sector of the Caspian Sea at the first stage will amount to 1.3 bcm, and at the second stage it will increase to 4 bcm. This follows from the report of the State Oil Company of Azerbaijan (SOCAR), circulated today.


RU AZ
2017 December 21 ( Wednesday )  10:26:03
 
Thierry Leperk: Oil Prices Will Fall to $10

Oil is often called black gold. It's all about the value of the mineral, and the countries in the bowels of which there is oil, have always been considered one of the richest and most prosperous. True, the economies of almost all of them, with the possible exception of Norway, are tied to oil, and the growth and fall in prices for black gold can be a decisive factor.


RU
2017 December 20 ( Tuesday )  10:30:34
 
SOCAR Purchases Austrian Filling Stations Network

Baku/20.12.17/Turan: SOCAR Energy Holdings (the Swiss subsidiary of Azerbaijan"s state oil company SOCAR) has purchased the filling stations network owned by Austria"s A-1 company, said a message posted on SOCAR"s official website Dec. 19.


RU
2017 December 20 ( Tuesday )  10:30:34
 
SOCAR, Tecnicas Reunidas Ink Deal for Baku Refinery Modernization

Baku/20.12.17/Turan: Azerbaijan"s state oil company SOCAR has signed an EPC (Engineering, Procurement and Construction) contract with Spanish engineering company Tecnicas Reunidas for reconstruction of units at the Heydar Aliyev Baku Oil Refinery as part of its modernization, said a message posted on SOCAR website Dec. 19.


RU
2017 December 20 ( Tuesday )  10:30:34
 
OPEC Improves Outlook for Azerbaijan

Baku/20.12.17/ Turan: The Organization of the Petroleum Exporting Countries (OPEC) has improved its forecast for Azerbaijan regarding the rate of decline in oil production.


RU
2017 December 20 ( Tuesday )  10:30:34
 
Georgia Completes Modernization of Gas Main to Import Gas from Azerbaijan

Baku/20.12.17/ Turan: The Georgian company Comfortmensheni XXI LLC completed the construction of a 19-kilometer section of the East-West gas main - from the Red Bridge on the border with Azerbaijan to the town of Gardabani (33 km from Tbilisi).


RU
2017 December 20 ( Tuesday )  10:30:34
 
Shymkent Refinery Moved to Euro-4 and Euro-5

Baku/20.12.17/ Turan: "Since December 15, Shymkent Oil Refinery (Petro Kazakhstan Oil Products, PKOP) has switched to the production of diesel fuel of the ecological class Euro-4 and Euro-5 according to the requirements of the Technical Regulations of the Customs Union.


RU
2017 December 20 ( Tuesday )  10:30:34
 
Rosneft Hopes to Find Gas in Black Sea

Baku/20.12.17/ Turan: Rosneft started exploratory drilling on the section West-Black Sea Area on the Black Sea shelf. This was announced yesterday by the head of Rosneft Igor Sechin following the meeting of the Board of Directors.


RU
2017 December 20 ( Tuesday )  10:30:34
 
IMF Calls Ukraine to Increase Gas Price

Baku/20.12.17/ Turan: "The Ukrainian authorities should adjust the gas price in the domestic market to the level of imported parity, as this will promote the development of a free gas market and encourage consumers to save energy," the IMF permanent representative in Ukraine, Yost Lyngman, said.


RU AZ
2017 December 19 ( Tuesday )  13:34:14
 
Azerbaijan Annually Earns More Than USD 1 Billion from Oil Sales to Czech Republic

Baku / 19.12.17 / Turan: Azerbaijan is a major energy partner of the Czech Republic. Azerbaijan satisfies the needs of this country for oil by one third. In turn, Azerbaijan's revenues from oil sales to the Czech Republic amount to 1-1.5 billion dollars annually.


RU
2017 December 18 ( Sunday )  10:59:16
 
Crude Oil Accounts for 78% of Azerbaijan"s Export

Baku/18.12.17/ Turan: Current account surplus of Azerbaijan's balance of payments for January-September of 2017 amounted to $ 1 billion 62.7 million.


RU
2017 December 18 ( Sunday )  10:59:16
 
About Eleven Million Tons of Turkmen Oil Transported over Eleven Months

Baku/18.12.17/ Turan: In January-November of this year, 39 127.1 thousand tons of oil was transported along the main oil pipelines of Azerbaijan, which is 2.8% lower than the corresponding indicator for the previous year.


RU
2017 December 18 ( Sunday )  10:59:16
 
62% of Pipes Laid on Greek-Albanian Section of TAP

Baku/18.12.17/ Turan: 62% of pipes along the Trans Adriatic Pipeline (TAP) route, designed to deliver Azerbaijani gas to Europe, were laid in a trench and covered with earth.


RU
2017 December 18 ( Sunday )  10:59:16
 
Production of Gasoline in Azerbaijan Increased by 5% in January-November

Baku/18.12.17/ Turan: Production of oil products in Azerbaijan in January-November 2017 decreased by 9% compared to the same period in 2016 - up to 2 billion 469.2 million manats.


RU
2017 December 18 ( Sunday )  10:59:16
 
Kulevi Terminal Receives 2,200th Tanker

Baku/18.12.17/ Turan: The Kulevi terminal (Black Sea, Georgia) has received, loaded and sent the 2,200th tanker. This is reported on the website of the Black Sea terminal.


RU
2017 December 18 ( Sunday )  10:59:16
 
Capacity of Amur GPP Can Be Increased to 56 Bcm

Baku/18.12.17/ Turan: The capacity of the Amur Gas Processing Plant (GPP) can be increased by 14 bcm of gas per year from the currently planned 42 bcm with good gas demand in China.


RU
2017 December 18 ( Sunday )  10:59:16
 
Gazprom Increased Gas Production by 13.4% in 2017

Baku/18.12.17/ Turan: From January 1 to December 15, the company Gazprom increased its gas production by 13.4% compared to the same period last year. Thus, the volume of produced blue fuel during this period amounted to 447.9 bcm, the company said.


RU
2017 December 18 ( Sunday )  10:59:16
 
Gazprom Set Record for Gas Exports to Turkey

Baku/18.12.17/ Turan: From January 1 to December 15, 2017 Gazprom increased gas supplies to Turkey by 18.8% to 27.6 bcm compared with the same period last year, the company"s press service reported.


RU
2017 December 18 ( Sunday )  10:59:16
 
Rosneft Plans to Extract 6.5 Bcm of Gas Annually on Venezuelan Shelf for Fifteen Years

Baku/18.12.17/ Turan: Rosneft plans to produce 6.5 bcm of gas per year in two deposits on the shelf of Venezuela over a period of 15 years. The extracted gas will be exported, including in the form of liquefied natural gas (LNG), TASS reported from the Russian company.


RU
2017 December 15 ( Thursday )  10:15:35
 
US: Technology from Azerbaijan's Shah Deniz II Field to Be Used in Gulf of Mexico

Baku/15.12.17/Turan: The technology being developed in Azerbaijan to extract gas from the Shah Deniz II field will be used elsewhere, including to get at hydrocarbons in the Gulf of Mexico.


RU
2017 December 15 ( Thursday )  10:15:35
 
Azerbaijan Financed over 70% of Its Stake in Southern Gas Corridor

Baku/15.12.17/Turan: Up to December 8, 2017 Azerbaijan"s Southern Gas Corridor CJSC invested $8.4 billion (or 72 percent) of the total of $11.7 billion (total funding needs in 2014-2020) required for the financing of its participating interests in the Projects, told from the CJSC.


RU
2017 December 15 ( Thursday )  10:15:35
 
SOCAR Thinking about Isab Lukoil"s Refinery in Sicily

Baku/15.12.17/ Turan: SOCAR is thinking about Isab, Lukoil"s refinery in Sicily, Elshad Nasirov, Vice President of the State Oil Company for Investments and Marketing, told reporters.


RU
2017 December 15 ( Thursday )  10:15:35
 
Oil Production in Azerbaijan Decreased by 6%, Gas Production Decreased by 3% in January-November

Baku/15.12.17/ Turan: Oil production in Azerbaijan in January-November 2017 amounted to 35 million 413.1 thousand tons of oil, which is 6.1% less than in the same period last year.


RU
2017 December 15 ( Thursday )  10:15:35
 
Azerbaijan Increased Gas Exports by 11% in January-October

Baku/15.12.17/ Turan: Azerbaijan exported 7,062.8 mcm of natural gas in January-October 2017, which is 11% higher than the same period last year.


RU
2017 December 15 ( Thursday )  10:15:35
 
Revenues of Oil Fund of Azerbaijan from ACG Block Increased by 26%

Baku/15.12.17/ Turan: In January-November 2017, revenues from the sale of profitable oil from the Azeri-Chirag-Gunashli (ACG) block to the State Oil Fund of Azerbaijan (SOFAZ) amounted to $ 5 billion 780 million.