The Turkish Tekfen Insaat ve Tesisat A.S will conduct the electromechanical work as part of the construction of Star refinery in Turkey, Turkey’s Public Disclosure Platform said in a message. According to the message, the work is planned to be conducted within 17 months. The annual naphtha production volume, used by Petkim (where the Azerbaijani…
Russia’s Gazprom is planning to procure about 15 billion cubic meters of gas from Asia in 2016, Deputy head of Gazprom Export Mikhail Malgin said. Gazprom Export decreased purchase of natural gas from Turkmenistan from January 1, and increased purchase of gas from Uzbekistan. The Uzbek and Russian sides reached agreement on purchase of the…
The work within the Trans-Anatolian Natural Gas Pipeline (TANAP) project is underway in accordance with the plan, President of the Azerbaijani state oil company SOCAR Rovnag Abdullayev said. He said that there were no problems with the implementation of the project. “Partly, we are even ahead of schedule and 850 kilometers of pipes have been…
Azerbaijani state oil company SOCAR can provide Iran with its gas storage tanks, President of SOCAR Rovnag Abdullayev said. He said that the matter rested in small amounts of 1-2 billion cubic meters of gas. “Iran has problems with the gas supply to its northern regions in the winter months”, Abdullayev said. “The Iranian side…
Energy sector, oil, gas and chemical sphere, as well as transport have been defined among the topical areas of cooperation between Japan and Turkmenistan, said the message of the country’s government. This was noted at the meeting of Turkmen President Gurbanguly Berdimuhamedov with the newly appointed Ambassador of Japan Takahiko Katsumata, who handed over his…
The wholesale domestic price of Russian gas can increase by 2.5-3% in 2017, Deputy Economic Development Minister Nikolai Podguzov reported. As regards the 2016 gas price increase, Podguzov said that the decision should be made by the Federal Antimonopoly Service. (Prime/Business World Magazine)
Yamal LNG liquefied natural gas plant project led by independent gas producer Novatek can receive a $400 million loan from the Japan Bank for International Cooperation (JBIC), Bloomberg reported citing JBIC CEO Tadashi Maeda. JBIC has almost finalized the agreement with the project and plans to sign a memorandum of understanding for strategic partnership with…