Azerbaijan’s state oil company SOCAR put into operation the well #43 on the offshore platform #10 of the Gunashli field after renovation, the company said. This is the first well on the platform #10, which was put into operation after the fire on December 4, 2015. SOCAR will additionally produce 36,500 tons of oil annually…
Russia and the Eurasian Economic Union (EAEU) will boost their consumption of liquefied natural gas (LNG) to 5 million tons per year by 2035, Russia’s Deputy Energy Minister Kirill Molodtsov said. “Currently the LNG market is the fastest growing and in this respect we expect the consumption of liquefied natural gas to reach around 5…
2489988 tons of Azerbaijani oil were transported via BTC main export pipeline in June. 14930790 tons of oil were transported via this pipeline in January-June. In general, 307.6 million tons of oil have been pumped to BTC since the start of pipeline exploitation until July 1. In addition, overall 371.2 tons of Turkmen oil were…
The recent events in Turkey have not affected the operation of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline and the Baku-Tbilisi-Erzurum gas pipeline (South Caucasus Pipeline), says BP Azerbaijan, operator of pipelines in Azerbaijan and Georgia. “The events in Turkey have not had an impact on BP operations in that country”, the company said. “Oil pumping via…
2143 thousands tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in June (1424 thousands tons of this volume was the oil of the State Oil Fund of the Republic of Azerbaijan). 14774660 tons of oil was exported from Ceyhan in January-June this year. In general, 305.96 million tons of Azerbaijani…
Ukraine has increased gas imports from Hungary by 60%, to 1.6 million cubic meters per day, according to Ukraine’s gas transmission system operator Ukrtransgaz. Ukraine will be able to use money allocated by the European Bank for Reconstruction and Development (EBRD) to purchase gas starting from July 20. (Ukrinform/Business World Magazine)
Presidents of Azerbaijan and Ukraine Ilkham Aliyev and Pyotr Poroshenko have discussed potential resumption of works within the Odessa-Brody pipeline project, Aliyev said at a joint press conference with Poroshenko. “We’ve discussed the Odessa-Brody project and gave instructions to resume the project”, he said, adding that the project “is creating good opportunities.” The Odessa-Brody pipeline…