Azerbaijan’s state oil company SOCAR and Malaysia’s Petronas signed a memorandum of understanding on exploration, development and production of hydrocarbons at a block in the prospective offshore structure Goshadash, SOCAR said in a message. The Goshadash structure is located in the North-Western part of the Absheron archipelago in the Azerbaijani sector of the Caspian Sea.…
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…
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…
Athens has offered Prometheus Gas, a joint venture of Russian gas giant Gazprom and Greece’s Copelouzos, to invest 700-800 million euros in the development of a coal field in the country’s north and expansion of a local power plant. The deposit’s resources are estimated at around 140 million tons of coal. Energy Minister Alexander Novak…
Turkmenistan is increasing the electricity supply to neighboring Afghanistan, said Turkmenistan’s President Gurbanguly Berdimuhamedov in his message to the participants of the international energy conference in Ashgabat. “The high-voltage power transmission line, stretching from the Mary state power plant to the border with Afghanistan through the Atamyrat city, has improved the quality of electricity supply…