Azerbaijan’s state oil company SOCAR will additionally produce more than 6,200 tons of oil per year thanks to the commissioning of a new horizontal well at the Western Absheron field in the Caspian Sea, SOCAR said in a message. Oil is extracted from the well bore within the range of 761-678 meters at a flow…
Belarus increased gas output by 0.1% YoY in January-August to 145.3 million cubic meters, the National Statistical Committee said in a report. In August alone, Belarus’ gas output grew by 14.8% YoY to 18.1 million cubic meters. Belarus does not have its own gas fields. Within the limits of the Prypyats Flexure, where oil exploration…
Ireland is implementing alternative energy sources construction projects in Belarus, Belarusian Minister of Foreign Affairs Vladimir Makei said. “We are currently busy with the development of alternative energy sources. We have been closely cooperating with the countries that possess rich experience in the matter, for example, with Ireland and Germany. I am responsible for one…
Gazprom Export, the export arm of Russian gas giant Gazprom, plans to raise its share on the European gas market by 2-5% to 33% in 2016, Bloomberg reported citing the company’s representative Valery Nemov. In 2015, Gazprom supplied 158.6 billion cubic meters of gas to Europe having increased its market share to 31%. Gazprom CEO…
Construction of a gas compressor station in Mary province of Turkmenistan has started, the message of the “Oil and Gas Complex” of Turkmenistan said. The gas compressor station is being built for the East-West internal pipeline launched in December 2015, and its potential is designed for export deliveries in the western direction as well. In…
Russian gas giant Gazprom plans to build a new platform for liquefied natural gas (LNG) production at its Sakhalin-2 project to boost gas exports to Japan, according to Gazprom Deputy CEO Alexander Medvedev. The project is expected to be finally approved in 2017, while LNG production is to start in 2022. The Sakhalin-2 project’s two…
Russian gas giant Gazprom is preparing a feasibility study for development of three licensed blocks in Bolivia and may receive operator contracts for the blocks without any competition, Gazprom CEO Alexei Miller said. In June Gazprom and Bolivian state-owned oil and gas company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) signed a roadmap for implementation of projects…