Total production at the Azeri-Chirag-Deepwater Gunashli (ACG) was on average 644,000 barrels per day (b/d) (over 176 million barrels or 24 million tons in total) in January-September, same as in January-September 2015, BP Azerbaijan has said. According to the BP Azerbaijan report, 53,000 b/d of that volume accounted for Chirag platform, 149,000 b/d – Central…
Board of Directors of the Asian Infrastructure Investment Bank (AIIB) plans to consider the allocation of a loan worth $600 million for the Trans Anatolian Natural Gas Pipeline (TANAP) project in March 2017, the AIIB reported. The AIIB said that the loan would be allocated for the Southern Gas Corridor CJSC. Azerbaijan is one of…
Joint operations of public joint-stock company Ukrgazvydobuvannia and Karpatygaz LLC resulted in production of 53.7 million cubic meters of gas and 2,700 tons of gas condensate in October, according to a posting on the website of Misen Energy AB‚ (Sweden, the owner of the controlling stake in Karpatygaz). In addition, 400 tons of oil and…
Saipem Contracting Netherlands B.V. signed a 4-year contract with the Azerbaijani branch of the Lighthouse company in order to conduct survey work as part of the Shah Deniz Stage 2 project, Lighthouse said in a message posted on its website. “The two companies have signed a new revision of the existing frame agreement, which concerns…
Electricity consumption in Ukraine in January through October, taking into account losses in electricity transmission, fell by 2.3% or by 2.807 billion kilowatt-hours (kWh) YoY, to 120.593 billion kWh, the Energy and Coal Industry Ministry reported. Electricity consumption, not including losses, over the period fell by 2.6%, or by 2.59 billion kWh, to 95.44 billion…
Deputy Chairman of Gazprom Management Board Vitaly Markelov held talks with Iran’s Deputy Minister of Oil Amir-Hossein Zamani-Nia, who arrived in Moscow to convince Russian companies to invest in the Islamic Republic’s oil and gas projects. Also, negotiations dwelt upon the increase of gas supplies from Iran to Armenia, whose gas transportation system was controlled…
Azerbaijan plans to increase the share of alternative and renewable energy sources in the country’s energy balance from the current 16% to 20% until 2020, Rauf Gurbanov, deputy head of department of economy and governmental programs at the State Agency on Alternative and Renewable Energy, said. Gurbanov noted that Azerbaijan had a great potential to…