Azerbaijan’s Energy Minister Natig Aliyev has cancelled his visit to Vienna, where he planned to take part in the second meeting of the OPEC High-level Committee, established by the Algiers Accord, with non-OPEC oil producing countries, the ministry reported. “The minister has revised his plans for visiting Vienna in connection with the cancellation of this…
Turkmen President Gurbanguly Berdimuhamedov met with OSCE Secretary General Lamberto Zannier in Ashgabat. According to the message, the priority aspect of cooperation is to ensure energy security as an important factor of global sustainable development. “Strengthening of the constructive cooperation with the OSCE is an important priority of Turkmenistan’s foreign policy strategy,” President Berdimuhamedov said.…
A wind farm worth around 3 million euro will be built in Grodno region near Zelva in the framework of an investment agreement signed between Grodno region administration and Zilant Ltd. A 5 mW wind farm will be built on a land plot of 1.7 ha. Belarus has chosen 22 suitable locations, where up to…
Naftogaz Ukrainy has calculated that Russian gas giant Gazprom’s annual payment for gas transit through Ukraine can grow by $4 billion if the Stockholm Arbitration Court favors Kiev, Yury Vitrenko, Naftogaz Ukrainy’s commercial director, said. “The problem is that Gazprom will have to pay us tens of billions of dollars in compensation, sell gas at…
Russia’s oil company LUKOIL attracted a straight loan of $500 million from a consortium of banks in order to finance the project on development of the Gissar gas and condensate fields in Uzbekistan, LUKOIL said in a message. The consortium includes Intesa Sanpaolo Bank Luxembourg S.A. (Luxembourg), Natixis (France), Mizuho Bank Ltd. (Japan), UniCredit S.p.A.…
The Azerbaijani state oil company (SOCAR) has increased the number of its filling stations in Romania to 35, the company said in a message. SOCAR commissioned another filling station under the SOCAR brand name in the Romanian Ilfov County, according to the message. “This station has become the second one in the county. Three counters…
Norwegian energy companies are interested in entering the Azerbaijani market, Norwegian ambassador to Azerbaijan Bard Ivar Svendsen reported. “Norwegian energy companies have a great interest in Azerbaijan”, he added. “Norwegian companies, which have not started to work in Azerbaijan yet, but considering such an opportunity, appeal to us almost every three months”. He said that…