The Russian government can raise about 700 billion rubles from privatization of the oil major Rosneft, Economic Development Minister Alexei Ulyukayev said. “I think that Rosneft has always been a priority because it is larger, more expensive, has more value to the budget. This is about 700 billion rubles which we can receive this way…
The passenger traffic of Russian airlines can decline by up to 10% in 2016, Transport Minister Maxim Sokolov said. “The domestic market has increased significantly. The growth was about 6%, according to the data as of now. But still, the correction will be up to 10% due to a catastrophic fall of international traffic”, Sokolov…
First Shah Deniz 2 platform jacket sail is an important milestone and great achievement, Shah Deniz 2 projects Vice President Ewan Drummond said. “The first jacket sail away is an important milestone and we are pleased to have achieved this as we move towards completion of other areas of the project”, Drummond said. “I take…
Azerbaijani state oil company SOCAR is not in talks with the Russian Gazprom company on gas purchases, President of SOCAR Rovnag Abdullayev said. He said that SOCAR sent offers to the Gazprom, on the basis of which Azerbaijani state oil company could buy Russian gas, but currently no talks were being held. Earlier, Director General…
The Azerbaijani state oil company SOCAR is supplying liquefied natural gas to new buyers. “SOCAR will possibly start “pure trading” in the next five years”, Arzu Azimov, chief executive officer of Geneva-based Socar Trading, said. “Until then it will focus on projects that involve using LNG to generate power in nations from Africa to Southeast…
Turkey attaches special importance to the development of the traditionally friendly and fraternal relations with Turkmenistan, Ahmet Arslan, Turkish minister of transport, maritime affairs and communication, said. Arslan made remarks at a meeting with Turkmen President Gurbanguly Berdimuhamedov in Ashgabat. The sides expressed confidence in further development of the interstate cooperation, which was initially based…
The Turkish Tekfen Insaat ve Tesisat A.S will conduct the electromechanical work as part of the construction of Star refinery in Turkey, Turkey’s Public Disclosure Platform said in a message. According to the message, the work is planned to be conducted within 17 months. The annual naphtha production volume, used by Petkim (where the Azerbaijani…