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…
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…