OPEC expects Azerbaijan’s oil supply to average 0.85 million barrels per day (bpd) in 2016, down by 10,000 bpd YoY, the cartel said in its monthly oil market report. The forecast remained unchanged as compared to the previous monthly oil market report. Azerbaijan’s oil output decreased by 10,000 bpd to average 0.86 million bpd in…
A conference held at the National press center of Uzbekistan was devoted to uninterrupted providing the population with electrical energy and progress achieved over the years of independence in the development of the energy industry. The event was organized by representatives of JSC “Uzbekenergo”. Among other things, it was noted that the energy sector had…
Kyrgyzstan completely broke the agreement with Russia on the construction of Uppernaryn cascade and Kambarata HPP-1, National Energy Holding Company JSC reported. The agreement signed on September 20, 2012 expired on August 9. Currently, Kyrgyz and Russian parties are negotiating to resolve all economic issues that have arisen in the period of the agreements, including…
On August 9, Vice President of business development, global business projects of the company KT Corp. Lee Baek-hee held negotiations at the Ministry of foreign economic relations, investments and trade of Uzbekistan. During the meeting, the sides discussed issues on creation of joint venture and start of production of electronic meters under the project “Implementation…
Idle water discharge was made at the Toktogul and Uch-Kurgan reservoirs, the expert Rasul Umbetaliev said. According to him, Electric Stations JSC intentionally publish hydropower data of Toktogul HPP intermittently. Since August 1, consumption was 229 cubic meters per second, on August 3 – 211 cubic meters, and on August 8-9 it increased to 331…
Daily oil production in Azerbaijan will be 0.85 million barrels in 2016 and 0.81 million barrels in 2017, according to the forecasts of the US Energy Information Administration (EIA), included in the Short-term Energy Outlook for August 2016. The forecast remained unchanged compared to the EIA Short-term Energy Outlook published in July. The country’s oil…
Liquefied gas exports to Ukraine by Belarus’ state oil and gas production monopoly Belorusneft edged down by 7.5% YoY in January-May 2016 to $26.776 million, a source in the profile ministry said. Belorusneft runs a special facility, which produces liquefied gas. Belarus increased liquefied gas export to Ukraine by 27.1% in January-May 2016 to 120,400…