Russian oil major Lukoil may invest approximately $7.5-8 billion in 2017 and around $100 billion over the next 10 years, the company’s president Vagit Alekperov said. “Investments of $8-10 billion per year are the level that allows us to fulfill our obligations – pay dividends in accordance with the company’s policy, taxes and decent wages…
French company Total may start drilling the first well at the Azerbaijani gas field Absheron in mid-2017, Rovnag Abdullayev, head of the Azerbaijani state oil company SOCAR, reported. He added that the drilling operations would be carried out from a new generation platform, being built by SOCAR. Abdullayev said the sides continued to actively work…
Chinese companies may become owners of up to 50% in the Oil and Gas Processing and Petrochemical Complex (OGPC) in Azerbaijan, head of the country’s state oil company SOCAR Rovnag Abdullayev said. He said that the work on this issue was underway. “As you know, SOCAR and China National Petroleum Corporation (CNPC) signed a memorandum…
Azerbaijan’s state oil company SOCAR will be a technical consultant for Ionian Adriatic Pipeline (IAP) project, Murad Heydarov, head of SOCAR Balkan company, said. He added that the initial report had already beendelivered and at the first stage, the proposals for the specific project were given. “The specific project is the first line, which will…
Russian power holding Inter RAO is interested in buying assets in Latin America or Southeast Asia, Ilnar Mirsiyapov, a member of the management board, said. Inter RAO wants to acquire a significant stake of a market, Mirsiyapov said after naming countries of Latin America and Southeast Asia as markets which the company saw interesting for…
Enel, through its renewable energy subsidiary Enel Green Power Brasil Participacoes Ltda. (“EGPB”), has started the construction of the Horizonte solar plant, located in Tabocas do Brejo Velho in the state of Bahia in North-Eastern Brazil. “With the start of construction of Horizonte, Enel has reached yet another milestone in the implementation of its growth…
Russian President Vladimir Putin has all necessary information about a bribery case against executives of power producer T Plus, a part of multi-industry holding Renova Group, and former officials of the Komi Republic, spokesman Dmitry Peskov said. “In this case the president certainly has all necessary information, what is more from different sources”, Peskov said.…