Azneft production association of Azerbaijan’s state oil company SOCAR plans to drill 11 new wells by the year end at the Gunashli and Chilov offshore fields, said a SOCAR message posted on its website. SOCAR plans to drill seven wells at shallow-water part of the Gunashli field and four wells at the Chilov field, which…
At least 50,000 tons of Tash-Kumyr coal valued at 137.5 million soms will be purchased for Bishkek HPP, Electric Stations JSC reported. The company announced another tender for the purchase of fuel. The previous tender was canceled due to the fact that the committee members had questions as to coal caloric value. The procuring entity…
Yuzgas B.V. (the Netherlands), which won the tender for an investor in the production sharing agreement (PSA) for hydrocarbons extraction on Yuzivska field (Donetsk and Kharkiv regions), has undertaken an investment of $200 million in geological exploration during the first five-year phase of the PSA. “In particular, during the first year the sum will be…
National Energy Company Ukrenergo saw 292.681 million UAH of net profit in 2015 compared to 1.94 billion UAH of net loss a year ago, according to an audited report posted on the company’s website. Revenue grew by 74.5% in 2015, to 5.5 billion UAH, and pretax profit totaled 395.326 million UAH compared to 2.264 billion…
The Cabinet of Ministers has to make the final decision on including Yuzgas B.V. (the Netherlands), which has won the corresponding tender, as an investor in the production sharing agreement (PSA) for hydrocarbons extraction on Yuzivska deposit (Donetsk and Kharkiv region), Nadra Ukrainy board chairman Yaroslav Klymovych has said. “Procedurally, investors appeal to the government…
Kazakhstan’s National Atomic Company Kazatomprom is interested in developing cooperation with Ukraine in various areas of the nuclear fuel cycle (NFC), including production of nuclear fuel in Kazakhstan for Ukrainian nuclear power plants (NPP), Kazatomprom has said. The Kazakh Ministry of Energy and Kazatomprom plan to meet with the Ukrainian Ministry of Energy and Coal…
The process of corporatization of the state-owned enterprise NAEC “Energoatom” should provide for the opportunity to involve the western partners, including from the USA, in the company’s management. President of NAEC “Energoatom” Yuri Nedashkovsky said this, speaking at the meeting of the Eurasian Center of the Atlantic Council in the United States, the press service…