Azerbaijan’s state oil company SOCAR plans to get hold of up to 10% of the Romanian energy market in a short period of time, SOCAR said in a message quoting Hamza Karimov, director general of SOCAR Petroleum SA, a SOCAR subsidiary in Romania. Karimov was addressing the Romania Oil and Gas Conference and Exhibition 2016…
National energy company Ukrenergo believes that the key tasks for European integration is the complete integration of Ukrainian power grid with the European Network of Transmission System Operators (ENTSO-E) and the introduction of a new market model in line with the bill on the electricity market passed at first reading. Ukrenergo Director for Communications and…
Kazakh and South Korean presidents Nursultan Nazarbayev and Park Geun-hye discussed the expansion of cooperation in the energy sector and the possibility of implementing joint projects in oil and gas processing. The discussions took place in an expanded format meeting in Seoul on November 10, Kazakh presidential press service said. The parties also discussed the…
Maintaining safe gas transit through Ukraine, expansion of cooperation with gas suppliers that are alternative to Russia are priorities for Germany, Minister of State for Europe at the German Federal Foreign Office Michael Rothousand has stated. “Russia will continue to play an important role as a gas supplier. It is expected that Germany in the…
The Malaysian government will study the possibility of its companies’ participation in the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, Prime Minister of Malaysia Najib Razak said. Razak made the remarks following the negotiations with the President of Turkmenistan Gurbanguly Berdimuhamedov, who recently went to Kuala Lumpur on an official visit, according to the message.…
A modern technology called horizontal directional drilling (HDD) has been used for ensuring the crossing of the Trans-Adriatic Pipeline (TAP) through Albania’s Seman river, which is another first for the country, said the message on TAP’s website. In November TAP began complex work for crossing an approximately 1.1 km stretch in the Albanian region of…
Public joint-stock company Ukrgazvydobuvannia seeks to invest $3 billion to purchase and modernize drilling rigs by 2020, as well as to attract external contractors to carry out the works at the company’s fields, Ukrgazvydobuvannia Head Oleh Prokhorenko has said. “We assess drilling at $3 billion by 2020. This includes modernization of equipment and works”, he…