TEHRAN, Feb. 23 (MNA) – Oil minister said President Rouhani today will officially propose a new plan for oil and gas cooperation in the Caspian Sea to his Azerbaijani counterpart. In time with today’s visit of Azerbaijani

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TEHRAN, Jun. 24 (MNA) – A trilateral agreement has returned exploration teams of the Oil Ministry to Caspian Sea blocks. The first oil field in Caspian Sea deep waters was discovered four years ago;

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Baku, February 23, AZERTAC Following a ceremony of signing documents, President of the Republic of Azerbaijan Ilham Aliyev and President of the Islamic Republic of Iran Hassan Rouhani have made statements for the press. Statement by President Ilham Aliyev: -

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 Legal Status of Caspian Sea Introduction The Caspian Sea is the biggest enclosed body of water on Earth, having an even larger area than that of the American Great Lakes or that of Lake Victoria in East Africa. The length of the

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Introduction   The tragedy of the commons dates all the back to Aristotle.  It is the story of humans depleting and destroying the free gifts of the world.  There have been many incidences of other commons being destroyed like, the Black Sea,

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CASPIAN SEA ISSUES Questions surrounding the legal status of the Caspian Sea have hindered--but not stopped--further development of the Sea's mineral resources. Since the fall of the Soviet Union in 1991 led to the independence of three new countries

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Ashgabat, Turkmenistan, Feb. 19 By Huseyn Hasanov– Trend: Turkmenneft State Concern starts implementation of plans on the development of the Turkmen sector of the Caspian Sea, Turkmen Oil and Gas Ministry said. Turkmenistan’s sea resources are estimated at 12 billion tons of oil

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By Maksim Tsurkov – Trend: SOCAR (State Oil Company of the Republic of Azerbaijan) will additionally produce around 32.85 mcm of gas and 5,480 tons of condensate annually by commissioning a well at the Guneshli offshore field after overhaul, the company

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ExxonMobil Corp. (NYSE: XOM) has closed one of its offices in Azerbaijan, the country's tax ministry said on Feb. 17, the result of a delayed oil project. The office was linked to an oil production project on

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TEHRAN, Jan. 11 (MNA) – An energy analyst has said Iran can establish an energy trade zone in the Caspian Sea region to export electricity to its neighbors instead of natural gas. Mahmoud Khaghani, a member of

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By Huseyn Hasanov – Trend: A report on the construction pace of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was delivered at a meeting of the Turkmen Cabinet of Ministers, the Turkmen government said Feb. 27. It is reported that the work is carried

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Turkmenistan, an energy-rich Central Asian nation with abundant oil and gas reserves, intends to realize its plans on developing huge hydrocarbon resources in its own sector of the Caspian Sea. Turkmenistan’s state concern Turkmenoil will deal with implementing the development of

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By Maksim Tsurkov - Trend: Azerbaijani State Oil Company (SOCAR) will produce nearly 11,000 tons of oil and over 5.8 million cubic meters (mcm) of gas annually by putting into operation a new well on Oil Rocks offshore field,

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By Rufiz Hafizoglu – Trend: The UK fully supports the implementation of the Southern Gas Corridor (SGC) project, the country’s ambassador to Turkey Richard Moore said, Turkish TGRT TV channel reported March 1. The diplomat noted that the SGC project will ensure

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By Seba Aghayeva – Trend: The implementation of the Southern Gas Corridor (SGC) project, envisaging Azerbaijani gas supply to Europe, is vital for EU’s energy strategy, said Federica Mogherini, the EU’s high representative for foreign affairs and security policy. The SGC ensures

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By Azad Hasanli - Trend: The implementation of the Trans-Anatolian Natural Gas Pipeline (TANAP) project gave considerable impetus to the implementation of other energy projects, Turkish Minister of Energy and Natural Resources Berat Albayrak said. He made the remarks during the second

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Tehran, Feb 29, IRNA – Director General for Europe, America and Caspian Sea Neighbors in the Ministry of Petroleum Hossein Esmaeili said that Swiss companies are interested in buying petrochemical products from Iran. Following a meeting with a visiting

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By Farhad Daneshvar – Trend: Iranian Parliament Speaker Ali Larijani has called on to reconsider the eliminated Nabucco West project. “Proposal for the Nabucco gas pipeline was partially eliminated after imposing sanctions against Iran and now with the

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Topaz Energy and Marine has signed a contract with BP to provide 14 offshore support vessels to support projects in Azerbaijan. Dubai-based Topaz, which is a subsidiary of Oman’s Renaissance Services, said that the deal would cover a five-year period, plus

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Topaz Energy and Marine has signed a contract with BP to provide 14 offshore support vessels to support projects in Azerbaijan. Dubai-based Topaz, which is a subsidiary of Oman’s Renaissance Services, said that the deal would cover a five-year period, plus

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Russian crude and condensate output edged lower in February from a record the previous month amid talks with Saudi Arabia and other exporters about a production freeze. Oil production fell 0.2 percent to 10.885 million barrels a day from January, according to

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Turkey’s state oil company will press ahead with plans for an initial public offering as soon as next year, but only if oil prices return to at least $60 a barrel from near $30 now, Chief Executive Officer Besim Sisman

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Russian plans to build new gas pipelines to Europe are politically motivated with little economic logic, a senior U.S. official said. President Vladimir Putin has proposed new links to Europe via the Baltic and Black Sea that would bypass an existing transit corridor

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The European Commission has approved the agreement between the Greek authorities and the TAP AG company on the construction of the Trans Adriatic Pipeline (TAP) gas pipeline bringing Azeri gas to Europe, the commission said in a statement on Thursday. BRUSSELS

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Aquatic Invasions in the Black, Caspian, and Mediterranean Seas The present volume contains the presentations of a NATO advanced Research Workshop (ARW) entitled “The invasion of the Black, Mediterranean and Caspian Seas by the American Ctenophore, Mnemiopsis leidyi Agassiz: a multidisciplinary

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Elena Kosolapova – Trend: The Southern Gas Corridor project, which envisages transportation of the Azerbaijani gas to Europe, has enjoyed strong political support from the EU as it is seen as allowing for diversification of supplies and routes, as it would

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Huseyn Hasanov – Trend: Turkmenistan’s Ahal province has started to receive natural gas transported via the recently commissioned East-West gas pipeline, said a message from Turkmenistan’s Oil and Gas Ministry. The pipeline’s length is 733 kilometers, while its capacity is 30 billion

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/By Azernews/ By Aynur Karimova Azerbaijan and Iran, both nations enjoying huge natural gas reserves in the world, have a potential to become key suppliers of gas to the European market, Omid Shokri Kalehsar believes. The energy

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By Amina Nazarli Baku is one of the most fantastic places in the world, located at the meeting-point of Europe and Asia. Few cities in the world are changing as quickly as Baku and nowhere else in Eurasia,

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TBILISI – Thousands gathered in Georgia’s capital Tbilisi on Sunday to protest negotiations between the government and Russia's state-owned energy giant Gazprom. Linked arm-in-arm in a 7 kilometer-long human chain from the government’s headquarters to the Russian Embassy and chanting ‘No

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Construction works for the Trans-Adriatic pipeline (TAP) are planned to begin in May, SOCAR President Rovnag Abdullayev told ANS TV on Sunday. The construction work on the TAP had been expected to start in March but the date

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Plans for a new Euro-Caspian pipeline will solidify the west's dependence on fossil fuels and authoritarian regimes. This new documentary shows why we should stop and think. “Of course we need a different energy model,” Alberto Santoro states emphatically. “It is

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Diplomatic attention has intensified on the project of the Trans-Caspian Gas Pipeline (TCGP) while both obstacles to and incentives for its realization increase. Turkmenistan's commitment to the project may be inferred from the finally completed construction of its East-West Pipeline

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Malaysia's Reach Energy Berhad entered into a tripartite conditional Sale and Purchase Agreement March 5 with Palaeontol Cooperatief U.A. and MIE Holdings Corp. to acquire a 60 percent stake in Palaeontol B.V., the company announced Monday on local exhange Bursa

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By Maksim Tsurkov – Trend: The US company Greenfields Petroleum for the third time has prolonged the loan agreement on the allocation of funds to develop the Bahar-Gum Deniz block of Azerbaijani oil and gas fields in the Caspian Sea and

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Trend: The Georgian government aims at ensuring stable and uninterrupted gas supply, Mikheil Janelidze, Georgian foreign minister, said. Janelidze made this statement following the negotiations and the agreement with SOCAR (State Oil Company of Azerbaijan). The gas supply was problematic after the recent

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By Aynur Karimova Turkmenistan, which ranks sixth for its natural gas reserves of 265 trillion cubic feet, has started supplying gas to its Ahal province via the recently commissioned East-West gas pipeline. Turkmen Oil and Gas and Natural

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By Gulgiz Dadashova Greenfields Petroleum Corporation, engaged in development and production of proven oil and gas reserves mainly in Azerbaijan has announced about prolonging the loan agreement stipulating funding of the development of the Bahar-Gum Deniz block of Azerbaijani

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A senior official with TMK, Russia’s largest manufacturer of steel pipes for the oil and gas industry, said Wednesday the company is in talks to supply Iran’s oil and gas sector with pipes. “We have a program underway to

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By Maksim Tsurkov – Trend: Azerbaijan’s gas reserves are quite enough to fill Southern Gas Corridor (SGC), Natiq Aliyev, Azerbaijani energy minister, said in an interview with Natural Gas Europe. He said that the project is designed to export Shah Deniz gas

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Azerbaijan’s state oil firm SOCAR says it is looking to revive trade with Iran as the two neighbors are strengthening relations after the lifting of sanctions on the Islamic Republic.  Azeri President Ilham Aliyev arrived in Tehran on Tuesday to

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The security architecture of the Caspian Sea, the largest enclosed inland body of water in the world, may soon change. Of all the states that border the sea — Russia, Iran, Azerbaijan, Turkmenistan and Kazakhstan — Russia has the

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By Aynur Karimova Azerbaijan and Qatar, the two energy-rich countries located in the South Caucasus and the Middle East regions, respectively, have expressed intention to further develop both political and economic relations. President Ilham Aliyev believes that the two countries should raise

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The 4th Global Baku Forum titled 'Towards a Multipolar World' has started in Baku today. Its opening is attended by the Azerbaijani President Ilham Aliyev, Azerbaijan’s first lady Mehriban Aliyeva and the vice-president of the Heydar Aliyev Foundation,

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By Maksim Tsurkov – Trend: The BP company, an operator of the Azeri-Chirag-Guneshli (ACG) block of oil and gas field development, plans to suspend two platforms for scheduled maintenance work in 2016, Regional President for Azerbaijan, Georgia and Turkey at BP

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By Elchin Mehdiyev, Maksim Tsurkov - Trend: The Southern Gas Corridor project will become a new energy source for Europe, Azerbaijan’s Energy Minister Natig Aliyev said March 11. He made the remarks during the discussion ‘The future of energy, the future of

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By Vagif Sharifov, Anakhanum Khidayatova – Trend: Trend Agency has had an exclusive interview with the President of Georgia Giorgi Margvelashvili, who earlier arrived in Baku, the capital of Azerbaijan, to take part in the Fourth Global Baku Forum. The interview with

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By Maksim Tsurkov - Trend: The revenues of Shah Deniz -2 and Southern Gas Corridor projects will exceed the expenditures by 2028-2030, Azerbaijan’s Energy Minister Natig Aliyev said in an interview with Natural Gas Europe. Azerbaijan eyes Shah Deniz, TANAP and TAP

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By Elchin Mehdiyev - Trend: Azerbaijan makes significant contribution to ensuring the world’s energy security, Turkey’s former foreign minister Hikmet Cetin told reporters in Baku, March 10. He noted that the energy security is a very important issue. “The Middle East and South

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By Anakhanum Hidayatova – Trend: Italy supports the quick implementation of construction project of the Trans Adriatic Pipeline (TAP), which will connect Azerbaijan through Turkey and Albania with Greece and Italy, Franco Frattini, Italy’s ex-foreign minister, told reporters March 10 in

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Kiev says Ankara is considering an offer to buy Ukrainian coal mines as part of the country's plan to privatize state assets this year. During his visit to Ankara, Ukraine's President Petro Poroshenko asked Turkish

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On February 23, Azerbaijani President Ilham Aliyev visited Tehran, where he met with his Iranian counterpart, Hassan Rouhani. Notably, the two presidents signed 11 memoranda of understanding (MoU) across several areas of cooperation, including energy, the economy and transport (IRNA,

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Turkey and Ukraine decided to cooperate in a number of fields, including politics, economy, education and tourism, during a three-hour Turkey-Ukraine High Level Strategic Council meeting which was chaired by President Recep Tayyip Erdoğan and his Ukrainian counterpart Petro Poroshenko

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Read the rest of this TXF article here: http://www.txfnews.com/News/Article/5472/KazMunaiGas-crashes-prepayment-party-to-improve-debt-profile. For more high quality trade, export & agency, and commodity finance journalism and events, visit www.txfnews.com Kazakhstan’s state-owned KazMunaiGas (KMG), an umbrella company of several subsidiaries, is closing a $3

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Russian natural gas giant Gazprom connected the Pisarevka-Anapa gas pipeline, which lies on Russian soil and was constructed as part of the abandoned South Stream Project, to the existing Blue Stream pipeline to increase exports to Turkey. Russian news agency Sputnik

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By Aygun Badalova, Elena Kosolapova - Trend: The Southern Gas Corridor, which proposes gas supplies from the Caspian region to Europe, is an essential project and must be supported, the British Transatlantic and Caucasus Studies Institute director Ziba Norman told Trend. “The

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Baku - APA-Economics. Ali Hasanov, Azerbaijani president's aide for public and political affairs, has called on Japanese companies to join an initiative to transport gas from the Caspian Sea to Europe on a route that does not go through

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The Caspian Sea is situated on the border of Europe and Asia. It is bordered with the Russian Federation, Kazakhstan, Turkmenistan, Azerbaijan and Iran. The Caspian is the largest inland body of water in the world. Since the ancient

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by Farid Rauf oglu Shafiyev The Caspian Sea is the largest closed water body in the world and is surrounded by five states--Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan. It has an area of 440,000 square kilometers with an ultra-depth of 1,025

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Trend: The terror attacks on Turkey will have no effect, said Azerbaijan’s President Ilham Aliyev, while making the statement for the media, following the fifth meeting of the Turkey-Azerbaijan High-Level Strategic Cooperation Council in Ankara, March 15. “First of all, on behalf

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By Khalid Kazimov – Trend: Iran and Russia are capable of swapping oil and gas, says Iranian Oil Minister Bijan Namdar Zanganeh. At a meeting with Russian Energy Minister Alexander Novak in Tehran, Zanganeh said that expansion of cooperation with Russia is

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By Huseyn Hasanov– Trend: With commissioning alkylation units and isomerization at Turkmenbashi Complex of Oil Refineries (TCOR), it will be possible to produce additional 480,000 tons of high-octane gasoline (А-92, А-95 and А-98) per year, said the message from Turkmenistan’s Oil

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Trend: Azerbaijan’s state oil company SOCAR will use a suite of Honeywell UOP technologies to modernize its oil refinery in Baku, to produce high-quality gasoline that meets stricter emission standards, Honeywell (HON) reported. Honeywell is a Fortune 100 diversified technology and manufacturing

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By Gulgiz Dadashova Greenfields Petroleum Corporation, engaged in development and production of proven oil and gas reserves mainly in Azerbaijan, has inked a deal to purchase a 66-percent stake in the Bahar Energy Limited Operating Company, a source in the country’s

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By Aynur Karimova Amid the global economic crisis, sharp drop in crude prices, political chaos and bloodshed in the Middle East, as well as increased threat of terrorism, cooperation between Azerbaijan and Turkey gains much more importance. From this angle, Azerbaijani President

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The Beginner's Guide to Caviar How to serve, pair, and savor the finest sturgeon roe. There's no quicker way to announce that a meal special. More than lobster or champagne (or even a giant bucket of fried chicken), a dollop of

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President Erdoğan and his Azerbaijani counterpart Aliyev met at the fifth Azerbaijan-Turkey High Strategic Cooperation Council, where Erdoğan announced that the works for the construction of the TANAP are progressing as planned The fifth Azerbaijan-Turkey High Strategic Cooperation Council

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By Maksim Tsurkov – Trend: The Southern Gas Corridor project’s (SGC) net financial needs for operations and capex will be close to $8.4 billion in 2016-2019, said the message of the international ratings agency Fitch Ratings on March 17.

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By Azad Hasanli - Trend: Azerbaijan’s state oil company SOCAR and Zenith Aran Oil Company, a subsidiary of Canada’s Zenith Energy, signed March 16 an agreement on production sharing, restoration, development and exploration at the block that includes Muradkhanli, Jafarli and

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By Aygun Badalova - Trend: Construction of the Trans Adriatic Pipeline (TAP) will not only contribute to energy security, but also will increase competitiveness, boost job creation and growth, Maros Sefcovic, the European Commission’s vice-president for Energy Union, said in an

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By Aynur Karimova The Southern Gas Corridor project, aiming to bring the Caspian gas to Europe, is one of the biggest construction projects of our time. This was announced by Vice-President of the European Commission for Energy Union, Maros Sefcovic at the

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The search for the oil workers, who went missing in the Caspian Sea, continues in Azerbaijan, the country’s ministry of emergency situations said on March 18. The oil workers went missing in an accident on the platform No. 10 of Azerbaijan’s

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By Aynur Karimova The Turkmen Ministry of Oil and Gas and Natural Resources has revealed the Turkmenbashi Complex of Oil Refineries' liquefied gas production plans for 2016. The ministry reported on March 18 that the complex will produce 340,000 tons of LPG

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Fitch says SGC’s capex to hit $8.4B until 2020 18 March 2016, 11:20 (GMT+04:00) <iframe

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By Huseyn Hasanov – Trend: Turkmenistan and the Czech Republic discussed the expansion of cooperation and the possibility of partnership in the fuel and energy industry, transportation and communications sectors, read a Turkmen government message, released March 18. These discussions took place

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By Anakhanum Khidayatova – Trend: Increase of export duty on oil from Russia is a forced measure explained by prolonged sanctions of the West against the Russian Federation, a consultant for the Expert Council of the Union of Russian Oil and

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Karachaganak field is controlled by a group of investors, which, in addition to the BG Group, include ENI (29,25%), Chevron (18%), LUKoil (13.5%) and KazMunaiGas (10%).  Kazakhstan will not opt to purchase shares of BG Group in the Karachaganak Petroleum Operating

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The fiscal and foreign policy, economic policy and reforms ensure the sustainability of Azerbaijan’s economy, the country’s Finance Minister Samir Sharifov said March 19. He made the remarks during the presentation of bonds of the Southern Gas Corridor

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In a week that saw Russia pulling some of its armed forces out of Syria and signs of increasing cooperation between Russia and the US in the region, it is important to examine Russian interest in energy, and particularly gas,

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By Prof. Dr. Rovshan Ibrahimov* Dr. Vassilios Sitaras recently published a policy brief for CCEE titled “Transporting Gas Across the Caspian: A New Option”, proposing an alternative method for delivering natural gas from Turkmenistan across the Caspian Sea to Azerbaijan and

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Dubai, UAE - Topaz Energy and Marine, a leading offshore support vessel company, today announces its results for the year ended 31 December 2015 (in the following referred to as "the period").   Business Highlights · Net Profit for the period was US$

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ROSTOCK, Germany -- Liebherr-Russland and Lukoil-Nizhnevolzhskneft have signed a new contract for the delivery of a Liebherr RL 1500-30 EX Litronic offshore crane, which is to start operations on a satellite platform at Ju. Korchagin oil and gas-condensate field in

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Each year, we send our editors and writers on a mission to find the destinations on the vanguard of the travel. The major takeaway from our 28 favorites of 2016? The entire world is getting more adventurous.

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By Huseyn Hasanov – Trend: During the meeting with Saudi Arabia’s Minister of Commerce and Industry Tawfiq bin Fawzan Al Rabiah, Turkmenistan’s President Gurbanguly Berdimuhamedov proposed to thoroughly study the possibilities of implementing joint energy projects, said the message

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By Anvar Mammadov – Trend: Azerbaijan's Southern Gas Corridor Company printed its $1bn 10year bond on Thursday 80bp back of the sovereign curve, benefiting from an explicit state guarantee, Global Capital agency reported. Initial price thoughts for the 10 year bond were

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By Anvar Mammadov – Trend: Azerbaijan's Southern Gas Corridor Company has released initial price thoughts for a ten-year bond at seven percent yield area, Global Capital agency reported. Depending on market conditions, the SGC's bond offering under the state guarantee is forecasted

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By Emil Ilgar – Trend: Iran is in talks to purchase the shares of an oil refinery or build a new refinery in Spain, Abbas Kazemi, the managing director of National Iranian Oil Refining and Distribution Company (NIORDC) told Shana. He didn't

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Iran using Asian help to revamp refineries Iran said on Friday that it is working with Asian investors and builders to revamp several of its key refineries. Abbas Kazemi, the managing director of the National Iranian Oil Refining and

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Trapped in limbo on the Caspian Sea, a watery link on the modern Silk Road. by Paul Salopek Paul Salopek is walking the global trail of the first humans who migrated out of Africa in the Stone Age.

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Alexander Cooley in his book, Great Games Local Rules, describes a new great game where the post-soviet states of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan take orders from Moscow, Washington, and Beijing. He describes this geopolitical concept as a

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By Emil Ilgar – Trend: Iran-Pakistan gas pipeline project, is not dead and negotiations over realization of the project continue, the Managing Director of National Iranian Gas Company Hamid Reza Iraqi told Fars News Agency. "Pakistan has agreed to build a 100km-pipeline

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By Maksim Tsurkov - Trend: Azerbaijani gas price for European countries will be set on the Turkish border, Milliyet newspaper reported citing Gurkan Kumbaroglu, president of the International Association for Energy Economics (IAEE). He said Turkey can play a key role in

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Trend: Azerbaijan supplied 594.46 million cubic meters of gas to Turkey in January of 2016, compared to 577.36 million cubic meters in January of 2015, said the report from Turkey’s Energy Market Regulatory Authority (EMRA). This is while the country delivered 6.17

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Trend: Turkmenistan and Russia have discussed the prospects for intensifying the interregional cooperation in various spheres, said the message from Russian Chamber of Commerce and Industry. The sides focused on the spheres of mechanical engineering, energy, chemical, oil and gas industry, agriculture,

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Kazakhstan is a top-10 country in many things. Being the world’s ninth biggest country it is the largest economy in Central Asia and second largest among former Soviet Republics. Kazakhstan’s land holds the entire periodic table of elements with active

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ASTANA – Located in the Sahara-Gobi Desert zone of the Aral Sea basin, the Barsakelmes Nature Reserve was added to UNESCO’s World Network of Biosphere Reserves (WNBR) during a meeting of the International Coordinating Council of the Man and the

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Caspian Offshore Construction (COC) is a world-class marine company, supporting oil and gas (O&G) offshore exploration, development and production activities for more than ten years. Core services include offshore safety standby, firefighting, supply, ice breaking and ice management, towing, offshore accommodation,

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UK flowmeter specialist Litre Meter has supplied a large range of its popular VFF flowmeters for the Shah Deniz gas fields located in the Caspian Sea off Azerbaijan. The orders called for various specifications of meter, which were configured and

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The Caspian Sea is an important, if often overlooked, region in regard to many of the challenges the U.S. faces around the world, such as a resurgent Russia, an emboldened Iran, wavering allies, growing China, and the rise of Islamic

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Trend: Iran, Russia gas swap remains as an idea at the moment, however Tehran is prepared for that, Hamid Reza Araqi, Iran’s deputy oil minister said. Iran and Russia’s Gazprom have held various talks on the issue in recent months, but no

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President Hassan Rouhani said Iran has laid the pipeline up to the border to export gas to neighboring Pakistan encouraging the government in Islamabad to speed up measures to complete its share on its soil, Shana reported. Speaking at a press

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The Trans-Adriatic Pipeline, a part of the Azerbaijan-initiated giant Southern Gas Corridor, is not just a major investment for Greece, but also a significant geopolitical tool for this country. Such a remark was made by TAP's country Manager for Greece, Rikard

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Trend: Turkmennebitgazgurlushyk (“Turkmenneftegazstroy”) state concern has begun welding the pipes of the linear part of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline’s Turkmen section. More than 100 units of special equipment are being used within current work, a message released by Turkmen Oil and Gas

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Trend: During a meeting of the Turkmen cabinet of ministers, the country’s president, Gurbanguly Berdimuhamedov, gave a number of instructions on further implementing the adopted programs of development, modernization and diversification of the national fuel and energy industry. These steps are meant

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Energy-rich Turkmenistan will continue to realize programs and projects envisaging further development, modernization and diversification of the national fuel and energy complex. Such an instruction was given by President Gurbanguly Berdymukhamedov at the recent meeting of the Cabinet of Ministers, the

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Topaz Energy and Marine, a leading offshore support vessel company, today announces its results for the year ended 31 December 2015. Business Highlights   * Net Profit for the period was US$ 20.8m before exceptional items, impairment charge

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ASTANA – The Kashagan development project operator – North Caspian Operating Company (NCOC) – is planning to substantially expand and extend the first production stage – the Experimental Programme (EP). The operator company has developed an AEP project – Additional

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Lukoil plans to increase oil production in the Caspian Sea by 7 million tons a year after commissioning the Vladimir Filansky field. Lukoil has already approved all its plans for the Caspian Sea. With the introduction of the full capacity in

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Trend: Azerbaijan’s state oil company SOCAR will additionally produce over 6,900 tons of oil and 6.2 million cubic meters of gas a day thanks to the commissioning of a well at the offshore Oil Rocks field after the well has been

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The Caspian Sea region has become a central focal point for untapped oil and natural gas resources from the southern portion of the former Soviet Union. Beginning in May 2005, oil from the southern sections of the Caspian Sea began

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ran's ambitious project to build a 'trans-Iranian' canal from the Caspian Sea to the Persian Gulf will only be possible with Russia's help, says Bahram Amirahmadiyan, an expert on political geography at the University of Tehran. Over the weekend, media

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Azerbaijan’s Southern Gas Corridor project, aimed to bring gas from the Caspian Sea to Europe, will start operating in two-three years due to support from the US government, Azerbaijani President Ilham Aliyev stated on Wednesday in joint remarks

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Trend: President of Turkmenistan Gurbanguly Berdimuhamedov and head of the Russian company ARETI Igor Makarov discussed possibilities of implementation of new mutually beneficial projects, the Turkmen government said in a message March 30. During the meeting, Makarov noted high interest of Russian

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Trend: A unit for vacuum distillation of fuel oil has been introduced at the Turkmenbashi Complex of Oil Refineries (TCOR) built by the South Korean consortium of LG and Hyundai, the message of the Turkmen oil and gas ministry said March

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AZERTAC "I am optimistic about timely implementation of Trans Adriatic Pipeline (TAP)," Albanian President Bujar Nishani told journalists. "TAP, a 878km gas pipeline that will transport 10bn cubic metres of Azerbaijani gas from the Greek-Turkish border to Italy through Albania, is a

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Trend: The losses of the Tethys Petroleum Limited in 2015 stood at $74.6 million as compared to $16.4 million in 2014, said the company in a message posted on its website March 31. Tethys Petroleum Limited is an oil and gas exploration

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Trend: Georgian President Giorgi Margvelashvili has met with President of the Rumsfeld Foundation and former US Secretary of Defense Donald Rumsfeld within the framework of the working visit to the US, the website Georgia Online reported. At the meeting, Margvelashvili said in

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Trend: The acquisition issue of 66 percent stake of Greece gas distribution network operator - DESFA by the State Oil Company of Azerbaijan Republic (SOCAR) and sale of 17 percent share to European companies can be solved by late 2016, the

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Trend: President of the Republic of Azerbaijan Ilham Aliyev has met with the United States Secretary of State John Kerry. Prior to the meeting they made remarks for the press. Welcoming the attendees, John Kerry said he

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By Elena Kosolapova - Trend: Despite the fact that the European Union is ready to resume talks with Russia over the South Stream gas pipeline, the project should fully comply with the rules of the Third Energy Package, independent European

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The Southern Gas Corridor project aimed at delivering Azerbaijan’s natural gas to Europe wouldn’t have advanced without strong US backing, according to Azeri President Ilham Aliyev. “We are very grateful to the government of United States for its

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Trend: Shareholders of the Southern Gas Corridor (SGC) project plan to raise additional $2 billion from international finance institutions to fund the project, Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, told reporters April 2. Abdullayev said the funds are planned

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Trend: Azerbaijan’s state oil company SOCAR continues talks with its partners on signing a contract to continue the development of Azeri-Chirag-Guneshli (ACG) block of oil and gas fields and hopes for speedy solution of this issue, says SOCAR President Rovnag Abdullayev. An

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Iran’s oil export has recently surpassed two million barrels per day, the country’s oil minister, Bijan Namdar Zanganeh said. “The country now is exporting over two million barrels of gas condensates and crude oil per day,” Zanganeh said, Mehr news agency

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Take a virtual tour of the city on the Caspian Sea with 500-year-old steam baths and the world’s largest KFC.   Paul Salopek is walking the global trail of the first humans who migrated out of Africa in the

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Since writing last week about an impending drawdown in floating storage which would pressure Brent prices lower, front month Brent has fallen by -6.3% (USD -2.6/bbl). However this has had nothing to do with floating storage as the Bloomberg estimate

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Trend: Oil production in Kazakhstan's Kashagan oil field is planned to resume in the autumn of 2016, said a message of the Caspian Pipeline Consortium (CPC), via a pipeline system of which it is planned to transport oil from this field. The

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Baku hosted the next meeting of the special working group created at the level of deputy ministers to develop a convention on a legal status of the Caspian Sea. Deputy Foreign Minister of Azerbaijan Khalaf Khalafov, addressing the session on April

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SOCAR, the state energy company of Azerbaijan attracts 200 million manats ($131.7 million) from the International Bank of Azerbaijan (IBA) for 2016. The funds that SOCAR will get is the next tranche of loans allocated for the drilling works in the

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Kazakhstan, a major oil producer in the Central Asia is keen to resume oil production in the Kashagan oil field in fall of 2016, stated the Caspian Pipeline Consortium (CTC), a pipeline system that was planned to transport Caspian oil

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Leading maritime exhibition offers gateway to maritime and offshore opportunities in Iran   Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement brings together the brand behind the

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Trend: As part of an official opening of the 4th international Caspian Energy Forum - 2016, to be held in Baku on Nov.30, 2016, Azerbaijani President and Chairman of the Caspian European Club (Caspian Business Club) Ilham Aliyev will be presented

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The resurgence of violence between Azerbaijan and Armenians poses little immediate risk to the key pipelines that link European markets to the Caspian Sea, according to analysts from London to Washington. In a region where risk is the norm, “these sorts

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Fishing for vital company knowledge   Large building projects are delayed by all sorts of issues — money, employees who lack the right skills, public sentiment. But sometimes it is fish spawn, or great-crested newts. The deliverer of such bad news might

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Turkmenistan starts drilling another well at Galkynysh field Energy-rich Turkmenistan, which sits on huge natural gas reserves (265 trillion cubic feet of proven gas reserves, according to the Energy Information Administration, January 2015), continues large-scale works on the accelerated commercial development

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Solve the Nagorno-Karabakh Conflict Before It Explodes For almost three decades, the most dangerous unresolved conflict in wider Europe has lain in the mountains of the South Caucasus, in a small territory known as Nagorno-Karabakh. In the

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Turkmenistan advancing on South Asian gas market Trend: Despite skepticism of some experts regarding the progress of construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, which dates back to 2010, the deal started rolling. The State Concern 'Turkmengaz',

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Russia styles itself lead mediator in Nagorno-Karabakh conflict Russian PM and foreign minister fly into region * Russia has special interest in peace deal: minister * Moscow and Washington competing for influence * Ceasefire broadly holds, despite violations

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Iran, Kazakhstan ink power deal Iran and Kazakhstan have signed three powerhouse building contracts worth 600 million dollars. On the verge of Kazakh president’s visit to Tehran, the two countries sealed an agreement with Eurasia Invest Group

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Azerbaijan achieves milestones in energy policy in Q1 2016 The energy policy of Azerbaijan, which has turned into one of the main guarantors of Europe’s energy security, recorded important achievements and milestones of historical significance in the first quarter of 2016. Energy

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Krasnoye Sormovo shipyard will build two tankers of Project RST27 for CMS In early April 2016, Krasnoye Sormovo shipyard (Nizhny Novgorod, United Shipbuilding Corporation) and Caspian Marine Services Limited (CMS) signed contracts with the assistance of MNP Group for

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Russia to build 2 tankers for Azerbaijan Russia's Krasnoye Sormovo Shipyard, a subsidiary of the United Shipbuilding Corporation, and Azerbaijan's Caspian Marine Services Ltd. signed a contract for building and delivery of two RST27 tankers, said Krasnoye Sormovo Shipyard on its

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Int'l Caspian Oil&Gas Expo scheduled for June Caspian Oil&Gas 2016, the 23rd international exhibition and conference, the largest energy sector event in the Caspian region, will take place from 1-4 June 2016 at Baku Expo Center. As a recognised international platform

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Turkmenistan Diversifies Its Gas Exports To Reduce Reliance On China In January 2016, the Russian media reported that Russia’s gas giant, Gazprom, had discontinued all purchases of natural gas from Turkmenistan and was not planning to resume imports

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Kazakhstan Expects Eurasia Caspian Exploration Project Decision by Summer Kazakhstan hopes to actively participate in the exploration potential "Eurasia" project in terms of data provision, Kazakh Energy Minister Kanat Bozumbayev said Thursday. ASTANA (Sputnik) – Kazakhstan expects to receive

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SGC to save Turkey from gas dependence on Russia Trend: The Southern Gas Corridor (SGC) project will save Turkey from gas dependence on Russia, said Stephen Blank, senior fellow at the American Foreign Policy Council. He made the remarks addressing an event

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Azerbaijan invites U.S. companies to Baku-based FTZ Azerbaijan has invited the U.S. Agency for International Development and other organizations to participate in the establishment of a free trade zone in the Alat settlement of Baku. Azerbaijan's Economy and Industry Minister Shahin

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Caspian Int'l Power and Alternative Energy Expo due in Baku Baku Expo Centre will host the only event in the Caspian region specialised in energy efficiency and renewable energy, the 6th Caspian International Power and Alternative Energy Exhibition, Caspian

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WorleyParsons ink five-year contract with BP Azerbaijan azernews WorleyParsons has been awarded a five-year contract for Engineering, Procurement and Construction Management (EPCm) services for BP-operated assets in Azerbaijan, Georgia and Turkey, Azertac state news agency reported. Under the agreement, WorleyParsons will provide

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Krasnoye Sormovo to build 2 tankers for Azerbaijan-based Caspian Marine Services Ltd Baku, Fineko/abc.az. Nizhny Novgorod shipyard Krasnoye Red Sormovo will fabricate two tankers for operator company Caspian Marine Services (CMS) registered in Azerbaijan and working in the Caspian region. Russian shipyard’s

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Russia: A Global Energy Powerhouse That’s Much More Than a Petro-State   Russia is not what you think. Most discussion about its energy influence has focused on oil and gas, particularly gas. Russia can be described, and is routinely described,

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President Aliyev meets Iranian counterpart President of the Republic of Azerbaijan Ilham Aliyev has met with President of the Islamic Republic of Iran Hassan Rouhani in Istanbul. The presidents hailed dynamic development of Azerbaijani-Iranian bilateral and multilateral relations and cooperation in various

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BP, its partners invest almost $60B in Azerbaijan Trend: The British BP company together with its partners on development of the Azeri-Chirag-Guneshli and Shah Deniz oil and gas fields invested in Azerbaijan over $58 billion over the period of more than 20-year

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In 25th anniversary of Independency, Turkmenistan focuses on giant TAPI energy project Celebrating its 25th independence anniversary, Turkmenistan - one of major energy exporting countries - is making efforts toward creating stable systems to carry energy to world markets. It

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Gazprom and ENI to step up cooperation Following the success of the Blue Stream project, ''cooperation between Gazprom and ENI will be increased further'', Russian energy minister Aleksander Novak told ANSA in an exclusive interview. ''A series of documents

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New appointment at Turkmenistan’s state concern Trend: Japarguly Orazov has been appointed the deputy chairman of Turkmenneft State Concern. Turkmenistan's President Gurbanguly Berdimuhamedov signed the relevant decree on his appointment. The state concern's activity covers more than 600 oil, oil & gas and

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Turkmenistan intensifies development of Caspian Sea shelf Trend: Turkmenistan can become a mighty industrial power and a major exporter of chemical products, the 'Neutral Turkmenistan' newspaper reported. The implementation of the project for constructing a gas chemical complex in Kiyanly village of

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Rosneft interested participate in Iran's oil, gas plans Russian Energy Minister Alexander Novak announced that Russian Rosneft Company is interested to participate in Iran oil and gas plans, IRNA reported. Rosneft is the leader of Russia's petroleum

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ECO-Caspian energy transition through gas The oil price slide since mid-2014 has severely constrained economic growth and investment in the Economic Cooperation Organization (ECO) & Caspian region. Despite this, regional governments nevertheless expect an improved market climate &

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Will the Caspian's status change the energy equation? Turkey is fast becoming the Caspian region's energy hub. For this reason, it needs to consider all the energy dynamics in the region. One of these energy dynamics is the Caspian Sea region.

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Master of its domains Much is made about the importance of oil to the Russian economy, but Russia is a global energy powerhouse that’s much more than a petro-state By Scott L Montgomery Russia is not what you think. Most

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<header class="article-header entry-header"> CNPC confirms participation in Eurasia hydrocarbon project </header> ASTANA – The government of Kazakhstan expects to receive a decision from the potential participants of the Eurasia project at the end of May of this year, Kazakhstan’s

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<header class="article-header entry-header"> The International Stage – Connected Energy </header>   Greece—and DEPA—are at the heart of major initiatives to increase energy security in Greece and hence the European Union. At the same time, Greece is securing its role

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Turkmenistan, Italy studying joint projects Trend: Turkmenistan and Italy have great opportunities to diversify the cooperation and implement joint projects in various spheres, says the Turkmen President Gurbanguly Berdimuhamedov. He made the remarks during a meeting of the Cabinet of Ministers, read

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Gas fields development in Turkmen Karakum Desert kicks off Trend: The Turkmen State Concern 'Turkmennebitgazgurlushyk' has started development of a group of gas and condensate fields 'Zeakli-Derveze' in the Central Karakum Desert in Turkmenistan since early 2016, the country's oil and

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U.S. calls for strong economic ties with Azerbaijan The U.S. State Department has voiced the necessity to strengthen the economic ties between Baku and Washington. "We discussed the issues related to trade, finances, agriculture, combating corruption," Kurt Tong, the Principal Deputy

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Turkmenistan keen to become major exporter of chemicals Turkmenistan can become a powerful industrial power and a major exporter of chemical products, the Neutral Turkmenistan newspaper reported. The construction of a gas chemical complex on the Caspian Sea shore, exactly in

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Turkmenistan intensifies development of Caspian Sea shelf Turkmenistan's President Gurbanguly Berdimuhamedov has given instructions regarding the development of hydrocarbon resources in the country's Caspian Sea shelf, read a message from Turkmenistan's government. This issue was discussed during the meeting of the

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Turkmenistan-EU joint project on energy efficiency Turkmenistan and the European Union have launched a joint project on the implementation of strategies for sustainable development in Turkmenistan to help the country in the rational use of natural resources and energy, newspaper

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Liebherr to deliver offshore crane to Caspian Sea Lukoil’s Caspian Sea Operations have ordered a Liebherr ram luffing offshore crane to begin operation at the end of 2016 in the Russian part of the Caspian Sea. The explosion proofed RL 1500-30

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Saipem inks string of E&C contracts Saipem has been awarded new engineering and construction contracts cumulatively valued at about €430 million. The work includes a contract with Statoil, for the lift and mating operations of offshore floating wind turbines for

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S&P affirms ratings of Kazakh KazTransOil pipeline operator Trend: Standard & Poor's Ratings Services affirmed its 'BB' long-term corporate credit rating on Kazakhstan-based oil pipeline operator KazTransOil (KTO), the rating agency reported. The outlook is negative, according to the agency. The affirmation reflects

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Bilateral and three lateral agreements will not be effective until the five-sided agreement is signed - Deputy Minister of Foreign Affairs of the Islamic Republic of Iran Ebrahim Rahimpour An issue of transit and provision of assistance to

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Situation in the exhibition industry of Azerbaijan will remain stable - Farid Mammadov, Director of Iteca Caspian   Situation in the exhibition industry of Azerbaijan will remain stable - Farid Mammadov, Director of Iteca Caspian   About the company: Iteca

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NATO-Russia: No "business as usual" DIPLOMACY NATO and Russia held "frank and serious" talks despite "profound disagreements" as their ambassadors met on Wednesday for the first time since 2014, alliance chief Jens Stoltenberg said. The two sides agreed to keep communicating

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Russian oil CEO: We won't do deals with OPEC MOSCOW (CNNMoney) —A top Russian oil executive may just have killed off any lingering talk of an agreement among producing countries to freeze output. The world's top exporters, including Russia,

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Lower oil prices lead to greater cooperation on energy   The G20 nations have enjoyed the benefits arising from oil price volatility, but it’s clear that international partnerships remain a vital aspect of every nation’s energy policy   The collapse of oil

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Larijani in Moscow urges expansion of trade ties with Asia Iran’s Parliament Speaker Ali Larijani who was in Moscow to attend a summit of Eurasian parliament members held talks with counterparts of other Asian countries on ways to

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UAE is home to the world's largest caviar factory A sprawling industrial estate in the capital of the United Arab Emirates is the unlikely location for a fish farm which is the world's largest caviar factory. Sturgeon, the fish that produces

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First TAP pipes arrive in Albania The Trans Adriatic Pipeline AG (TAP) announced the arrival of the first steel line pipes and machinery for the construction of the Albanian section of the pipeline. The occasion was marked by a ceremony in

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Baku Higher Oil School to organize int’l conference On 25-28 April, 2016, BHOS and UK-based Confidence Capital company with the support of SOCAR will jointly organize international practical conference on 'Caspian Basin and Central Asia: Trade, Logistics, Oil Processing and

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Turkmenistan to host int’l gas congress in May   The seventh International Gas Congress of Turkmenistan is planned to be held May 19-20, 2016 at 'Avaza' national tourist zone, the event organizer Turkmengaz state concern announced. The forum will bring together around

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Iran is ready to cooperate with Azerbaijan to develop fields in the Caspian Sea, said Iran's Minister of Communications and Information Technology Mahmoud Vaezi. He made the remarks during the meeting of the Azerbaijani and Iranian delegations in Baku. The minister

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Iraqi, Turkmen gas to be connected to TANAP gas pipeline The scope of the Trans-Anatolian Natural Gas Pipeline (TANAP) will be widened when Turkmen gas from Northern Iraq is added to the mega-pipeline project. Emphasizing there is one input

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Azerbaijan to reduce gas consumption thanks to wind farms in Caspian Sea Construction of wind farms on the platforms in the Caspian Sea will save about 200,000 cubic meters of gas per year, Akim Badalov, head of the State Agency

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Craze for LNG Pricing policy of only one man, John D. Rockefeller, led to a decrease in the cost of kerosene in the US oil products' market of the late 19th century from 26 cents to eight cents per gallon

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President Aliyev attends ceremony to launch passenger ships President of the Republic of Azerbaijan Ilham Aliyev has attended a ceremony to launch the "Ufuq", "Zafar" and "Turan" passenger ships built by the Caspian Shipping Company. President of the State Oil Company

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Kuwait Interested in Joint Oil, Gas Work on Russian Continental Shelf Kuwait Petroleum Corporation’s subsidiary, the Kuwait Foreign Petroleum Exploration Company (KUFPEC), is interested in collaborating with Russian oil and gas firms: MOSCOW (Sputnik) – KUFPEC is

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Replacement of pipes at Kazak Kashagan field on schedule The replacement of pipes at Kazakhstan's Kashagan oil field is on schedule, said the message from the country's Energy Ministry. "The package of measures on replacing the pipelines between the islands, the

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Caspian-Persian Gulf Channel Project under Consideration by Russia and Caspian States   By the end of 2016, Iran intends to begin construction of a navigable water channel of approximately 600 km in length that will link the

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Azerbaijan's nimble gas plans Azerbaijan, a key energy player in Eurasia, today is completely successful country both in terms of production and in terms of transportation of energy resources, and the country is committed to make great strides to boost

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Azerbaijan may discover additional gas condensate reserves   Azerbaijan has all opportunities for discovering additional gas condensate reserves at its fields in the Caspian Sea, said Natig Aliyev, Azerbaijani energy minister. The minister made the remarks Apr. 25 at the SOCAR International

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Kazakhstan plans to enter top 10 oil exporters Kazakhstan plans to produce 77 million tons of oil in 2016, Deputy Director General of the Information Oil and Gas Center of Energy Ministry of Kazakhstan Askar Kenzhekhanov said. He made the remarks

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BP with partners invest $58B in Azerbaijan The British BP company and partners have invested $58 billion in Azerbaijan's projects over the period of its activity. The statement came from Bakhtiyar Aslanbayli, BP's regional vice president, said Apr. 25, Trend reports. He

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Russia Renewable Energy Report Other than large hydroelectric plants in Russia, all other forms of renewable energy accounts for less than 1% of power generation capacity. These metrics come from Russia Direct, which reports when it comes to wind, solar and

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Turkey imports 700m cmd gas from Iran in April Turkey imported close to 700 million cubic meters of gas from Iran in February. Turkey's annual gas imports from Iran, as the second major gas supplier worldwide, is 10 billion cubic meters.

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  Energy: what was once a largely single-resource/two-state controlled industry has given way to other resources of significance. In turn, this has also given rise to other states as major players in the arena. Given the increased need for energy among

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Energy-rich Kazakhstan, which enjoys 30 billion barrels of proved crude oil reserves (as of January 2014, according to the Oil & Gas Journal), expects to enter the top 10 oil exporters by 2020 through producing 130 million tons of oil

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Dubai: When Iran took delivery of the first parts of an advanced Russian air defence system this month, it paraded the anti-aircraft missile launchers sent by Moscow to mark Army Day. Tehran had cause to celebrate: the Kremlin`s decision

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Kazakhstan Looks to Break into List of Top-10 Global Oil Exporters Ascar Kenzhekhanov, Deputy Director of the Oil and Gas Information Centre of Kazakhstan’s Energy Ministry, reported that Kazakhstan plans to produce 77 million tons (564.4 million barrels) of

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Top German MEP joins foes of controversial Nord Stream 2 pipeline The head of the largest party in the European Parliament has launched a scathing attack on the $11bn Nord Stream 2 project to pipe more Russian gas into Germany. Manfred Weber,

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In the Footsteps of the Old Silk Road Traders JUDY WOODRUFF: Now an update from a man we first met out on a walk. Hari recently caught up with him. HARI SREENIVASAN: Last fall,

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Central Asia reviving old cooperation schemes with Iran LONDON (TCA) — With the recent removal of the sanctions on Iran, Europe and the former Soviet republics have jumped on the platform to announce “breakthrough” deals on the occasion. Today

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SOCAR commissions new platform in Caspian Sea Azerbaijan's state oil company SOCAR completed the construction of the new deep-water platform #6 at the Bulla Deniz gas field in the Caspian Sea and commissioned it, reads a SOCAR message issued May

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EPP concerned about EU Commission’s role in Southern Gas Corridor project The president of the centre-right European Peoples' Party (EPP), the largest group in the European Parliament, Manfred Weber has sent a letter to Energy Commissioner Miguel Arias Cañete and

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Empty Gazpromises Much of the debate concerning the Nord Stream II pipeline centres on whether the project should be seen as a commercial undertaking, or as an effort to lock in Gazprom’s dominance in Europe and deal a blow to Ukraine. The

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US, EU support Southern Gas Corridor   US-EU Energy Council reiterated its strong support for the opening of the Southern Gas Corridor, including the construction of the Trans-Adriatic Pipeline (TAP), said in a statement of the US-EU Energy Council. Council underscored the

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Repair work at Kazakh oil field ahead of schedule Repair and restoration work at the Kazakh oil field 'Kashagan' are being performed slightly ahead of plan, the country's energy ministry told Trend. It is expected that production at 'Kashagan' will be

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EC slams Nord Stream-2, reaffirms commitment to Southern Gas Corridor The European Commission once again made clear its position on the Russia's Nord Stream-2 gas pipeline project, saying that it must fully comply with the European legislation. European Commission's

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Iran better to engage with West using structures consistent with its heritage, culture A British energy consultant warned that Western financial approach is either to attempt to gain ownership of Iran's sovereign resources or to place Iran into

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NDFI, KEXIM ink MoU National Development Fund of Iran (NDFI) and the Export–Import Bank of Korea, also commonly known as the Korea Eximbank (KEXIM) have signed a memorandum of cooperation. During the visit of South Korean president

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Russia boosts oil exports on higher crude prices Russian crude exports jumped nine percent in April to their highest level in sixteen months. Analysts contribute this to strengthening oil prices which have recovered to

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Iran Oil Show 2016 kicks off The 21st International Oil, Gas and Petrochemical Exhibition started work here Thursday for four days. Near 2,000 companies from Iran and 38 world countries have attended Iran Oil Show this year.

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Southern Gas Corridor top priority for US national security The US sees the Southern Gas Corridor as a top priority for the US national security over the last several years, despite the fact that there has been no US cooperative

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Turkmenistan should focus on developing Caspian oil fields   Turkmenistan's President Gurbanguly Berdimuhamedov has emphasized the necessity of accelerating the work on developing the country's large oil and gas fields and paying special attention to the Turkmen sector of the Caspian

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Turkmenistan's President Gurbanguly Berdimuhamedov has emphasized the necessity of accelerating the work on developing the country's large oil and gas fields and paying special attention to the Turkmen sector of the Caspian Sea, read a message from Turkmenistan's government. This issue

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By Elena Kosolapova - Trend: The US sees the Southern Gas Corridor as a top priority for the US national security over the last several years, despite the fact that there has been no US cooperative involvement or financial involvement in

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Keeping microbes, zebra mussels away By Kris B. Mamula / Pittsburgh Post-Gazette Only in dreams do zebra mussels have anything to do with implants for the brain — unless you’re Noah Snyder. He’s now marketing a chemical compound that can both

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Renewable Energy Report For Russia Other than large hydroelectric plants in Russia, all other forms of renewable energy account for less than 1% of power generation capacity. Moscow-shutterstock_400971697-1-600x381These metrics come from Russia Direct, which reports when it comes to wind, solar

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No Way Out The fate of the Caspian seal may have been decided five million years ago. The smallest earless seal on Earth, Pusa caspica, is the only mammal in the Caspian Sea. It is atop the aquatic food chain in this

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Iran launches talks with 4 states over oil swap Deputy oil minister has reported on negotiations with Turkmenistan, Azerbaijan, Kazakhstan and Russia on oil swap resumption. Speaking at the conference on development of Iran-China economic trade cooperation

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Gazprom executives to visit Tehran A 30-strong delegation of Russia’s Gazprom Company, the world’s largest gas exporter, will soon travel to Tehran to launch fresh round of talks with Iran. Headed by Deputy Chairman of Gazprom's Board

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Blue Water Shipping-Led JV Bags $350M Deal from Kazakhstan's Tengizchevroil Blue Water Shipping reported Wednesday that a consortium led by the firm has been awarded a contract with a value in excess of $350 million by Kazakhstan's Tengizchevroil (TCO). For years, transport

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SOCAR to purchase gas from Russia Natural resource rich Azerbaijan decided to purchase gas from neighboring Russia in order to maintain oil production. Azerbaijan's state-owned energy company SOCAR submitted a proposal to Russian Gazprom to purchase from 3 to 5 billion

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Southern Gas Corridor to attract about $7B The Southern Gas Corridor project, designed to supply Caspian gas to Europe, intends to attract investments worth $7 billion. The remark was made by Rovnag Abdullayev, President of Azerbaijan's state-owned energy company SOCAR on

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EU eyes Turkmenistan as potential gas supplier European countries view hydrocarbon-rich Turkmenistan as one of the main suppliers of natural gas. The remark was made by Head of the OSCE Center in Ashgabat Ivo Petrov during the meeting with Turkmen President

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Kiev, Ankara discussed possibility of Ukraine joining the Southern Gas Corridor project   Kiev and Ankara discussed the possibility of Ukraine joining the Southern Gas Corridor project, project, aimed to bring gas from the Caspian Sea to Europe, Ukrainian Vice Prime

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Former Dagestan Deputy Prime Minister Imprisoned Over Energy Scandal At the start of May, an unusual trial concluded in Dagestan. Regional authorities charged the republic’s former deputy prime minister, Magomedgusen Nasrutdinov, with fraud and sentenced him to five years in prison

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Dubai-based Topaz to supply vessels for Caspian Sea Dubai-based shipper Topaz Energy and Marine has won a US$350 million contract to supply and operate vessels for Kazakhstan’s Tengizchevroil, a Chevron-led joint venture oil producer, in the Caspian Sea. Topaz, which won

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Norway in talks on Iran oil field development, report claims TEHRAN, Iran – Khazar Exploration and Production Co. (KEPCO) is discussing potential investments with Norwegian companies in the Sardar-e Jangal oil field in the Iranian sector of

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Total Seeks Help with Absheron Sales: Ministry Source French major Total wants the Azerbaijani government to help it with the sale of gas from its giant Absheron field in the Caspian Sea, according to a source at the Azerbaijani energy

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20th anniversary of East-West energy corridor marked in Tbilisi   Georgia is celebrating the 20th anniversary of the Baku-Supsa project with Azerbaijan – the "project of the century” that transfers oil from Azerbaijan through Georgia to Turkey and on to

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Azerbaijan, Turkey, Georgia to Hold Joint Military Drills Azerbaijan, Turkey and Georgia will hold joint military drills, Azerbaijani Defense Minister Zakir Hasanov said Sunday. BAKU (Sputnik) — The defense ministers of Turkey, Georgia and Azerbaijan met in Qabala,

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Newly-built Khankendi vessel re-floated at Baku Shipyard The Shah Deniz consortium is pleased to announce that the subsea construction vessel (SCV) "Khankendi" was recently re-floated into the Caspian Sea at the Baku Shipyard quay. The vessel has been specifically designed

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Two Ends of Southern Gas Corridor Work Way towards Centre Work has been done now at either end of the Southern Gas Corridor, bringing nearer a new source of gas for the European Union. While the subsea construction vessel (SCV) Khankendi

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Turkmenistan presents huge sea projects at IMO meeting Turkmenistan publicized its plans on creating international transit transport corridors within the framework of the 96th meeting of the International Maritime Organization’s (IMO) Maritime Safety Committee,

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Turkmenistan constructing iodine production enterprise The construction of an enterprise for producing over 60 tons of iodine per year has started in Turkmenistan's Okarem region on the coast of the Caspian Sea, read a message from the country's Ministry of

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Socar and Uzbekneftegaz join forces in Uzbekistan   Socar and Uzbekneftegaz join forces in Uzbekistan Azerbaijan state-run energy company Socar has signed a memorandum for cooperation and joint activity with its Uzbek counterpart Uzbekneftegaz, the national holding company. The two entities have agreed to

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Greek Pipeline Breakthrough To Challenge Russian Gas Dominance After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European

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Baku to the future   NEXT month around two dozen Formula One racecars will speed through the gleaming centre of Baku, the capital of Azerbaijan. They will zoom along the shore of the oil-rich Caspian Sea, past five-star hotels and

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Int’l gas congress opens in Turkmenistan   Opening of the 7th international Turkmenistan Gas Congress 2016 (TGC 2016) has been held at the congress center of Turkmenistan's Avaza. The organizers of the event are Turkmengaz state concern and the British Summit Trade

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Baku to Allow Turkmen Gas into Tanap   Azerbaijan’s energy minister Natig Aliev says Baku and Ashgabat are negotiating a deal to enable Turkmenistan to supply gas to the European Union through the Southern Gas Corridor (SGC). “There are two pragmatic ways; first

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Iran bridge role for india and russia relation Iran’s President Rouhani and the Indian PM Modi have emphasized on boosting ties between the two countries. Speaking at a joint press conference with the visiting Indian Prime Minister Narendra

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BP, SOCAR strike deal to explore block in Caspian Sea BP and Azerbaijan's state oil company SOCAR signed a memorandum of understanding (MOU) to jointly explore potential prospects in the block D230 in the North Absheron Basin in the Azerbaijan

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SOCAR commissions prolific gas well in Caspian Sea Azerbaijan's state oil company SOCAR will additionally produce 43.8 million cubic meters of gas and more than 20,000 tons of oil per year as it has put into operation a new well

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Beware what you wish for: Russia is ready for war o foreign ministers from the 28 NATO member-nations met in Brussels for a two-day summit, while mighty military power Montenegro was inducted as a new member.

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President Aliyev: Azerbaijan on verge of realizing energy project of global importance Energy-rich Azerbaijan and its core partner in major energy projects British BP are eager to continue this successful cooperation for many more decades in a move that will

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INOTEX 2016 presents IT and ICT achievements Iran, Russia, Belarus, Ukraine and Greece introduced their achievements in a meeting on IT and ICT technology exchange held on the sidelines of 2016 INOTEX Exhibition.   Speaking on the sidelines of

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Azerbaijan’s SOCAR drilling new well in Caspian Sea The Integrated Drilling Trust of Azerbaijan's State Oil Company (SOCAR) has started to drill a new well at the Bulla Deniz offshore field, read a message posted on SOCAR's website. The well #78

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US State Dept. energy official to visit Azerbaijan   Deputy Assistant Secretary for Energy Diplomacy, US Department of State Robin Dunnigan will attend the 23rd International Caspian Oil & Gas Exhibition in Baku, the US embassy in Baku told Trend May

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Ashgabat believes Turkmen gas supplies will reach Europe Turkmenistan has great potential for the partnership with the European Union regarding its gas supplies to Europe, said Myratgeldi Meredov, Turkmen Minister of Oil and Gas during the International Gas Congress held

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EBRD Mulls SGC Loan EBRD Mulls SGC Loan The European Bank for Reconstruction and Development (EBRD) is ready to support the southern gas corridor (SGC) project, its president Suma Chakrabarti told reporters in Baku May 25. Chakrabarti said the EBRD has firmly committed

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Russian President Vladimir Putin Aims to Renew Ties During Visit to Greece In his first visit to a European Union member nation in six months, Russian President Vladimir Putin traveled to Greece on Friday to discuss energy and privatization

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Russian Gas Pipeline To Greece Might Pass Through Bulgaria - Alexander Novak Russian Energy Minister Alexander Novak said on Friday that the natural gas pipeline planned to run from Russia across the Black Sea to Greece and Italy might pass through

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Iran to attend high commission on tech. coop. with Russia Sattari, Iran’s VP for science and technology, heading a delegation will visit Moscow Mon. to attend the third meeting of Iran-Russia high commission on technological cooperation. The commission

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The New Great Game: the Caspian Sea There are two aspects of the New Great Game. The first aspect is to control hydrocarbon resources around the coasts of the Caspian Sea, and second is to grasp the transit of hydrocarbon

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Turkmen oil concern speeds up development of Caspian Sea’s shallow part   Turkmenoil state concern of Turkmenistan has accelerated the work on drilling five exploratory and 10 production wells at the North Goturdepe field on the shallow part of the Caspian

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Chatter Surrounds Turkmenistan’s Gas Export Plans Earlier this week, Crossroads Asia took a look at the current, and declining, state of affairs within the China-Central Asia gas pipeline network. As the recent news out of Kyrgyz media indicated, the

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President Ilham Aliyev attended the opening of Caspian Oil & Gas Exhibition 2016 President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of the 23rd International Caspian Oil & Gas Exhibition and Conference and the 6th

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SOCAR produces first 1bcm of gas from Umid field   Almost one billion cubic meters of gas has been produced since the beginning of development (2011) of the largest gas field Umid in the Azerbaijani sector of the Caspian Sea, said

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Southern Gas Corridor to create 30,000 new jobs The Southern Gas Corridor is one of the priority energy projects for the EU. “A complex gas pipeline infrastructure will be created in Europe and a number of countries will be provided with

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SOCAR reveals oil output from ACG Nearly 400 million tons of Azeri Light oil and more than 120 billion cubic meters of associated gas has been produced in Azeri-Chirag-Guneshli (ACG) block of fields in Azerbaijan during less than 20 years. The

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ARETI shows interest in further cooperation with Turkmenistan   ARETI International Group of companies is interested in joining projects implemented in different spheres of Turkmenistan’s economy. During his meeting with President Gurbanguly Berdimuhamedov, Chairman of the ARETI International Group of Companies Igor

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Iran resumes crude oil swap Head of North Oil Terminal Hamid Reza Shahdoust said on Wednesday that National Iranian Oil Company has obliged Nikoo Company to fulfill preparatory works for resuming crude oil swap in shortest possible time.

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Russian hopes for Iran trade boom run aground at Caspian port   Trade to Iran down at Russian port after end of sanctions. The value of goods shipped from the Astrakhan region to Iran in the first four months of

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Zarif, Nalbandian highlight economic ties   Foreign Minister Javad Zarif has told his Armenian counterpart Iran would help solve Nagorno-Karabakh conflict with Republic of Azerbaijan. Mohammad Javad Zarif and Edward Nalbandian met and discussed bilateral and regional issues

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SOCAR working to increase own oil, gas production   Azerbaijan's state oil company SOCAR plans to build nine infrastructural bases for drilling of 81 oil and gas wells in the Azerbaijani sector of the Caspian Sea in 2016-2017 as part of

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In Iran, Modi projects Vajpayee’s vision The quantum leap for Indian diplomacy that was the Chabahar agreement, was seeded by NDA1 and nurtured by NDA2, while the two UPA administrations in between failed to make much progress The recent agreement between

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Turkmenistan seeks to expand export area of its energy resources Export of energy resources to European countries is among the issues of top priority for the Turkmen state. The country continuously studies the opportunities for entering the European market. Talking to

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Caspian Overview: China Eyes Growth in Azerbaijan   China has held negotiations with Azerbaijan’s state oil company (Socar) over a $17bn downstream project twice in the last two months, this time leading to a memorandum of understanding. China National Petroleum Corp (CNPC) has

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Bryza: TAPI, Trans-Caspian gas pipelines – priorities for Turkmenistan   Turkmenistan, which ranks fourth in the world on biggest gas reserves, is interested in the different routes of its gas export, including the TAPI gas pipeline project, which is being implemented,

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Diplomat: Multiculturalism - reflection of mood of Azerbaijani society   Throughout its history, Azerbaijan has played an important role in bridging East and West through connecting Central Asia with Anatolia, the Black Sea and beyond. Situated on the west coast of

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Posidonia 2016: DNV GL presents modern classification solutions The promise of new modern classification solutions to deliver quality, fulfill customer’s needs, and implement innovative technologies was the key theme for DNV GL at their

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Caspian Sea littoral states meeting kicks off in Moscow   The 3-day meeting of deputy foreign ministers of five Caspian Sea littoral states kicked off on Wednesday at Russian Foreign Ministry in Moscow. Participants from Iran, Russia, Kazakhstan, Turkmenistan and

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Kazakh minister provides Kashagan update    Production at the Kashagan oil field is expected to resume this year, according to Kazakhstan’s Minister of Energy Kanat Bozumbayev. “The production at Kashagan will begin in late 2016. We are expecting to

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WB reveals forecast for Turkmenistan’s GDP growth for next three years   Turkmenistan's GDP growth in the next three years (2016-2018) is forecasted at 5 percent, according to the Global Economic Prospects, June 2016 of the World Bank (WB). Turkmenistan's GDP growth

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Greek Ministry of Environment and Energy ıssues ınstallation permit for TAP   The Greek Ministry of Environment and Energy has announced that it has granted Trans Adriatic Pipeline (TAP) its Installation Permit for Greece. Together with the Installation Act, secured

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Europe’s Final Hope For Energy Independence From Russia Europe’s reluctance towards reliance upon Russian natural gas trade is no secret. It’s also no surprise, due to fallouts between Russia and Ukraine (a major transit country for the trade)

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Iran at the Crossroads of The Eurasian Land-Bridge May 27—With the recent historic visit to Tehran of Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani, for the first time in nearly 40 years, Iran has the opportunity to resume

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EIA forecasts decline in Kazakhstan’s oil output   Oil production in Kazakhstan will experience a decline from 1.73 million barrels per day in 2015 to 1.68 million barrels per day in 2016 and 1.7 million barrels per day in 2017, the

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Caspian Sea littoral states meeting ends in Moscow   Deputy Foreign Ministers of five littoral states of Caspian Sea by signing final statement of the 45th meeting of special working group to compile context of legal regime convention of

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Azerbaijan is knocking on Europe’s doors, and does so strongly Azerbaijan is enhancing its role in improving the energy security of Europe and strengthening its position in the European energy markets. Azerbaijan hosted the 23rd International Oil and Gas Exhibition titled

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Turkmenistan to host 3rd Iran-Project expo   Turkmenistan is to host the 3rd edition of Iran's exclusive exhibition of oil, gas and petrochemicals, water and electricity, construction industry as well as engineering and technical services, known as “Iran Project-2016”,

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Georgia Plans for Energy Overhaul   Georgia is looking to win formal approval to join Europe's Energy community this October, making the country a more competitive location and partner for energy projects, the Georgian government said June 9. In a wide-ranging presentation, which

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In Iran, Modi projects Vajpayee’s vision   The recent agreement between Iran, Afghanistan and India to build the Chabahar port on the Iranian coast and link it with the existing rail and road network and related industrial corridor into

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Caspian Shipping Company commissions new vessels Azerbaijan Caspian Shipping CJSC has put into commissioning four dry cargo vessels that will operate beyond the pale of the Caspian Sea. A ceremony to raise Azerbaijan`s state flag in the “Vagif”, “Sabir” “Huseyn Cavid”

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Total Seeks Better Terms for Baku’s No 2 Field   Azerbaijan has extended the deadline for French major Total to submit the development plan for the first phase of the country’s second biggest gas field, Absheron, which contains 350bn m3 of gas

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Gas consumption increases by 4.6% in EU countries The EU accounted for 11.5 percent of the world’s total gas consumption in 2015. The gas consumption in the countries of the European Union has increased by

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Russian Defense Minister Sergey Shoigu has discussed with his Azerbaijani counterpart Zakir Gasanov the issues of international security, including in Transcaucasia and on the Caspian Sea. "Our military cooperation is of strategic nature, just like all other spheres of cooperation between

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Port Of Call The Chabahar port in Iran will help India get direct access to Central Asian markets. For India Inc, it is a huge business opportunity. On September 1, 2014, when Prime Minister Narendra Modi was on his maiden visit

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Russian oil export duty seen rising to $95.9 per tonne in July Russia’s oil export duty is expected to increase 19 percent month-on-month to $95.9 per tonne in July due to higher oil prices,

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Turkmen geologists to focus on oil fields search   The search for oil fields is currently one of the priority directions of geological exploration work of "Turkmengeology" - the government's organization in the field of geological exploration, said the message of

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Oil output at Kazakh Kashagan field to be resumed in autumn   Oil output at Kazakhstan's Kashagan field should start in October 2016. Kazakhstan's Prime Minister Karim Massimov gave the relevant instruction to the country's Energy Minister Kanat Bozumbayev and KazMunaiGas national

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Shana: Iran Says Production of Oil from Caspian Sea Not Priority   Minister of Petroleum Bijan Zangeneh said on Tuesday that production of oil from Caspian Sea is not priority. Speaking in the Majlis(parliament) public meeting, he said that oil recovery

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Lukoil spuds at Vladimir Filanovsky in Caspian Sea Lukoil has commenced drilling operations at the Vladimir Filanovsky field in the Caspian Sea. The well is being drilled from an ice-resistant fixed platform, LSP-1, with first production set for 2H 2016. V. Filanovsky

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Caspian Overview: Azerbaijan Talks with Gazprom Azerbaijan’s energy monpoly Socar produced 5.4% less gas in the first five months of the year than in the same period of 2015. Output stood at 2.65bn m3, according to Socar’s latest figures, of

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Kazakhstan to resume oil production on Kashagan field   Oil output at Kazakhstan's Kashagan field is expected to start in October 2016. Kazakhstan's Prime Minister Karim Massimov gave the relevant instruction to Energy Minister Kanat Bozumbayev and KazMunaiGas national company during the

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Azerbaijan, Korea to cooperate on infrastructure, energy   Azerbaijan and Korea on June 14 held the first round of a joint commission on economic cooperation aimed at bolstering partnerships in infrastructure, industrial plants and trade and investment. The meeting

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TANAP and TAP to be discussed at NATO summit in Warsaw   Economics. Energy security issues will also be discussed at the Warsaw Summit of the North Atlantic Treaty Organization (NATO) to be held on July 8-9, said Michael Ruehle, head

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Azerbaijan’s SOCAR commissions new well in Caspian Sea Azerbaijan’s state oil company SOCAR will additionally produce 3.65 million cubic meters of gas and 32,850 tons of oil per year as it has put into operation a new well in the

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SOCAR’s Turkish Partner Wins Massive No-Bid Construction Projects   Azerbaijan's state-owned energy company, SOCAR, likes Turkey’s Tekfen Construction and Installation building company so much, it tried to buy into it in 2008. But that move was blocked by the global financial crisis that

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Turkey needs to reduce gas dependence from Russia   After the relations between Turkey and Russia worsened due to the incident with Russian SU-24 bomber in 2015, some say Turkey needs to decrease its reliance on Russian gas and diversify further

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India and SCO India Has More Hoops to Jump for SCO Membership   “I convey our deep sense of gratitude to the members of the SCO for accepting India as a full member,” Prime Minister Narendra Modi told leaders of the Shanghai

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ArcelorMittal supplies 75,000 tonnes of steel for Trans-Adriatic Pipeline construction   Steelmaking giant ArcelorMittal has delivered more than 75,000 tons of hot-rolled coils for the construction of the Trans-Adriatic Pipeline (TAP). TAP, whose construction will begin mid-2016, is the latest European leg

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Operations at large Kazakh oil field run over schedule   Repair work at Kashagan oil field is carried out ahead of schedule in order to start oil production in October 2016, Energy Minister of Kazakhstan Kanat Bozumbayev said. He made the remarks

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Turkmenistan OKs double taxation avoidance agreement with Czech Republic Turkmen parliament has ratified the convention on double taxation avoidance and prevention of fiscal evasion with respect to income taxes and capital signed with the Czech Republic, the Turkmen government reported. Trade,

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Where additional volumes of newly discovered Turkmen gas head for? Turkmenistan has discovered new commercial flows of natural gas as a result of lately conducted 3D seismic survey, particularly in the area where the country’s largest gas field Galkynysh is

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Welcome to Hell! Turkmenistan eyes turning infernal gas pit into tourist attraction   An ominous gas crater that has been burning in a Turkmen desert for more than 40 years is a perfect site for boosting tourism in the country, local

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Turkmenistan, China eye further co-op   Turkmenistan and China have confirmed their readiness to further enhance economic partnership in view of its enormous potential, national interests and a common vision for the future of the Asian region, the Turkmen government reported

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€2b to be invested in Greece within TAP project   About €2.3 billion of direct investment will be made in Greece within the construction project of Trans Adriatic Pipeline (TAP), Greek media reported citing SOCAR Energy Greece’s Head Anar Mammadov as

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MOL wins right to explore for hydrocarbons in Azerbaijan sector of Caspian Sea   Hungary’s largest oil & gas company MOL will conduct exploration works in the Azerbaijani sector of the Caspian Sea. Within his current Baku visit Minister of Foreign

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Transporting Turkmen Energy to Europe: a New Approach   The importance of the launch of the Caspian Energy Grid initiative at the Research Institute for Energy Management & Planning of Tehran University (RIEMP) on June 20 should not be

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EIA sees Azerbaijan as important oil and gas supplier to Europe   Azerbaijan, one of the oldest oil-producing countries in the world, is an important oil and natural gas supplier in the Caspian Sea region, particularly for European markets, the US

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An Iranian Petroleum Ministry official says Iran and Turkmenistan have envisioned a $30bn barter deal in their economic exchange. The deal allows for Iranian goods and services to be bartered for Turkmenistan’s natural gas, the official IRNA news agency quoted

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By Amina Nazarli The U.S. Energy Information Administration (EIA) has once again confirmed Azerbaijan’s importance in ensuring energy security both at regional and international scale. In its Country Analysis Brief report, EIA said Azerbaijan, one of the oldest oil-producing countries in the

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By Fatma Babayeva As Turkey’s relations with its biggest gas supplier – Russia worsened, many thought that the country needs to reduce dependence on Russia and diversify away from Russian gas. “It is the right time for Turkey to diversify gas import

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By Elena Kosolapova – Trend: Turkey now has an appropriate moment to diversify its gas sources, senior fellow in Energy Policy at the Center for Eastern Studies in Warsaw, Agata Loskot-Strachota believes. “Currently it is quite a good moment to look for

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On June 29, the Parliament of the Republic of Kazakhstan approved the bill of “Ratification of the Protocol to the Agreement on Delimitation of the Bottom of the Northern Part of the Caspian Sea to Realize Sovereign Rights of Using

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TEHRAN (TCA) — An Iranian Petroleum Ministry official says Iran and Turkmenistan are pursuing a $30 billion goods-for-energy barter deal to take place in the course of the next 10 years, Iran’s PressTV news agency reported.   The deal

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Iran will import gas worth $30bn from Turkmenistan over the next ten years in exchange for engineering goods and services of the same value. Oil ministry representative Mohammad Taqi Amanpour said June 27 that the two countries had finalized $2.5bn of

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Azerbaijan’s State energy company SOCAR has not received any official request from Petrocas, which is partially owned by Russian oil giant Rosneft, over its plans to send minimum 1 million tons of gasoline Iran via Azerbaijan and Georgia. A source at

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SOCAR’s Azneft production unit is planning to develop SCADA (supervisory control and data acquisition) system to create virtual form of the oil and gas fields of the country, SOCAR reported. SCADA system will allow visualization of oil and gas fields operations,

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Norwegian provider of marine seismic technology for the oil and gas industry, inApril, signed a Letter of Intent (LOI) with Kazakhstan’s Geo Energy Group (GEG) for its first seabed seismic system. inApril said on Thursday that the LOI is for an agreement

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Iran, Russia to set up 1st joint expo The first joint exhibition of Iran and Russia will be held in the Armenian capital of Yerevan. During the exposition, which will take place from October 26-28 in Yerevan’s venue

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U.S. oil major Exxon Mobil (XOM.N) and Britain's BP (BP.L) are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was once called "the contract of the

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TEHRAN, Jul. 02 (MNA) – NIGEC managing director has reported on the reached agreement with Armenia to bring about a threefold increase in Iran’s gas exports to the Caucasus region country. Following an earlier power deal between

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On June 28, Baku Higher Oil School (BHOS) and Schneider Electric started a three day workshop on Contemporary Standards of Process Safety for SOCAR management, engineers and technical employees. During the three separate workshop sessions, the presentations will be made

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LONDON (Reuters) - U.S. oil major Exxon Mobil and Britain's BP are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was once called "the contract of the century", three high-level industry sources told Reuters. BP,

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Iran, Turkmenistan to launch banking ties   Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between

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'We discussed Azerbaijan's investment opportunities in oil and gas industry of Ukraine', says Ukraine's top official Azerbaijan has agreed to consider the request of Ukraine about the supply of oil. The request was made at the 6th Baku meeting of

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Serbia is performing a delicate balancing act between its European aspirations, partnership with NATO and its centuries-old religious, ethnic and political alliance with Russia. Belgrade is being wooed by the West which has sought to

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Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between countries as well as banking relations

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Iran's Supreme Leader Ayatollah Ali Khamenei said on Saturday night that no new oil and gas contracts for international companies will be awarded without necessary reforms. The Iran Petroleum Contract (IPC) is a cornerstone of the country's plan to raise crude

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According to the order of Elmar Gasimov, Rector of Baku Higher Oil School (BHOS), the seminar on Renewable Energy: Challenges and Perspectives will be regularly held at BHOS with the purpose of disseminating contemporary knowledge on renewable energy engineering and

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Vladimir Putin’s government is considering shifting the burden of oil taxes from the point of export to the point of extraction, a move that would eliminate the benefit of duty-free supplies enjoyed by neighboring Belarus and Kazakhstan, according to two

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Hawks of Ahwaz say Islamic Republic of Iran has 'crossed all red lines' in its treatment of Arab minority   Arab rebels claimed responsibility for an attack on a petrochemical plant in the Iranian city of Ahwaz earlier this week. The Hawks of

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While the Cold War-era Soviet Navy built a massive surface fleet to challenge the dominance of the U.S. Navy on the open ocean, that once mighty armada has all but disappeared. Much of the former Soviet Navy has been scrapped,

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Kazakhstan’s Parliament Approved Changes into Joint North Caspian Sea Usage with Russia   On June 29, the Parliament of the Republic of Kazakhstan approved the bill of “Ratification of the Protocol to the Agreement on Delimitation of the Bottom of

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Saipem and Topaz secure Caspian contracts   Vessel owners have secured a series of contracts and charters to support offshore projects in Azerbaijan and Kazakhstan. A Saipem-led consortium received another contract from BP for the Shah Deniz Stage 2 project. Saipem will

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China’s New Silk Road Has Beijing Looking West Beijing is becoming increasingly aware that although China has become an economic giant, it risks being connected with the world only through trade. To expand its international influence, China needs new political concepts

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Caspian Overview: Major Upstream Investment Approved   Kazakhstan and the Chevron-led consortium Tengiz Chevroil (TCO) approved on July 5 a $36.8bn plan to expand the giant Tengiz field, which has 45% of the country’s total production now. The sides plan to increase

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A tale of continuity   In Azerbaijan, you can see a confluence of the old and the new One can say that this country has a foot each in two worlds — One in the modern world with industrial aspirations

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Shell shutting down office in Azerbaijan   Shell Business Development Central Asia B.V., a subsidiary of the Royal Dutch Shell plc, announced the liquidation of its office in Azerbaijan, the Azerbaijani Taxes Ministry’s ‘Vergiler’ newspaper reported July 8. In a comment to

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EBRD approves loan for Azerbaijan’s Caspian Marine Services   The European Bank for Reconstruction and Development (EBRD) approved a senior loan of up to $20.4 million to Caspian Marine Services Limited (CMS), read a message posted on the EBRD website July

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Why Iran Plays a Key Role in China's New Silk Road Project   Iran's geostrategic location has made it the key link in China's New Silk Road to Europe, while the Middle East has become one of Beijing's geopolitical

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Ashgabat is Turkmenistan’s white marble city of love   Ashgabat is an amazing city with gleaming gold domes, extravagant white marble palaces and picturesque well-tended vast green parks situated in the middle of an oasis at the foot of the Kopet-Dag mountain

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Energy: EU invests 263 million Euro in energy infrastructure   EU Member States agreed on a Commission proposal to invest €263 million in key trans-European energy infrastructure projects. Today EU Member States agreed on the European Commission's proposal to invest €263

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Elena Dunayeva: "Azerbaijan is a link between Russia and Iran"   The meeting of presidents of Russia, Azerbaijan and Iran will be held in the first decade of August. A senior fellow at the Center for the Study of the Middle

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Seeking the Prophet: On a spiritual quest through Iran   Two years ago, when I travelled the Silk Route from China to Georgia, we paused at Azerbaijan. The city of Baku took me by surprise. It blended modern Dubai with an ancient

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railroad from Russia to Iran   The ambitious North-South Transport Corridor can allow us easy access to a vast region, boosting trade and diplomacy   The commencement of operations on the International North-South Transport Corridor project — connecting Bandar Abbas

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Pro-Government Forces Advance in Syria Amid Talk of U.S.-Russia Cooperation   In Moscow on Friday, Secretary of State John Kerry and Foreign Minister Sergey V. Lavrov of Russia laid bunches of flowers in memory of the victims of the

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Lukoil spuds at Vladimir Filanovsky in Caspian Sea   Lukoil has commenced drilling operations at the Vladimir Filanovsky field in the Caspian Sea. The well is being drilled from an ice-resistant fixed platform, LSP-1, with first production set for 2H 2016. V. Filanovsky

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Caspian Energy Grid – London Launch   The Caspian Sea is the largest enclosed body of water by area and the resources to be found around in and under the Caspian Sea have been disputed for millennia. The issues

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The beginning of a Russian-Iranian alliance   There are a number of economic and geopolitical reasons why Russia could be looking for a broader alliance with Iran, the most important of which is the desire to check U.S. influence in the

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Azerbaijan, Romania to boost co-op in gas transportation   Azerbaijan’s state oil company SOCAR and Romania’s state-owned company Transgaz agreed to step up cooperation in the natural gas transportation, SOCAR said in a message July 19. The two sides signed a memorandum

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Turkmenistan reviewing project on long-term gas supply to Europe   Tasks on developing a procedure for implementing infrastructure projects with an aim to ensure the long-term supply of natural gas to European markets was discussed in Turkmenistan, read a message from

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Is the Caspian Sea Dispute Finally About to be Resolved?   Are the five states around the Caspian Sea finally going to resolve their dispute about how to divide the body of water between themselves? A number of unusually positive statements

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Caspian Energy Grid (CEG) - a Plan B for the region   Since my mother is an Azeri, Azerbaijan is literally in my blood. In fact the Islamic Republic of Iran views the people of Azerbaijan as brothers rather

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BP Tries to Regain Footing as It Recovers From Spill   Company aims to show growth but some aren’t sure it is primed for success BP PLC is under pressure from investors and analysts

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Turkmenistan to have summit on European gas   A Turkish diplomat says the presidents of Turkey, Turkmenistan and Azerbaijan are set to meet to lay groundwork on possible future deliveries of natural

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Trans Adriatic Pipeline compressor trains to be supplied by Siemens   The Trans Adriatic Pipeline consortium has ordered six 15MW SGT-400-driven turbo compressor trains from Siemens for the Trans Adriatic Pipeline (TAP). The TAP will transport Caspian natural gas to Europe,

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Yelena Dunayev: "Iran was closed, inaccessible and strange country for Russia"   Russia plans to complete the delivery of S-300 to Iran until the end of the year, the work under contract goes according to plan, the head of

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Shifts in global terror pose threats to Caspian energy investment   With the emergence of new global terror trends, the potential for terror-based disruptions to Caspian energy investments and the oil industry in Central Asia and the Caucuses is causing

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Taban Air launches Tehran-Astrakhan direct flight   Taban Air CEO has announced the operation of a new flight path between Tehran and Russia’s Astrakhan. Founder and CEO of Taban Air Airline Company Asghar Abdollahpour made the announcement saying

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Dismal delivery puts big oil and gas energy projects at risk   Oil companies have tens of thousands of employees, tens of billions of dollars in reserves, and decades of experience in running large investment projects. Yet time and again big oil companies

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Turkmenistan, Azerbaijan, Turkish Leaders to Meet for Gas Talks   A high-level meeting reportedly set to take place later this year in Turkmenistan could put talk of building a natural gas pipeline across the Caspian Sea back on the agenda. The

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Russia Oil Output Pumps to New Record Boosted by Arctic Projects, says GlobalData   Anna Belova, Ph.D., GlobalData’s Senior Analyst covering Oil & Gas, says: “Russian president Vladimir Putin ceremoniously opened the Arctic Gate marine oil terminal on May 25. The

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Turkmenistan intends to host trilateral summit on Trans-Caspian gas pipeline project   Turkmenistan plans to hold a summit of heads of Azerbaijan, Turkmenistan and Turkey by late 2016, where the prospects of the Trans-Caspian gas pipeline construction, in particular, will be

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Europe works on Turkmen gas import   The European Commission is following and implementing the Ashgabat declaration from 2015 on energy cooperation with Azerbaijan, Turkmenistan and Turkey, a source in the European Commission told Trend. Within the implementation of this declaration the

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Malaysia's SapuraKencana awarded TANAP offshore construction contract   Anatolian Natural Gas Pipeline (TANAP) has awarded to Malaysia’s SapuraKencana Petroleum Berhad the contract for the construction of TANAP’s 18-km offshore section across the Canakkale Strait, APA reports. The construction of TANAP was commenced in 2015.

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Tengiz Future Growth Project-Wellhead Pressure Management Project, Kazakhstan   The Tengiz Future Growth Project (FGP) -Wellhead Pressure Management Project (WPMP) is an integrated project being developed primarily to increase the production capacity from the Tengiz oil field and the adjacent Korolev

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Azerbaijan top court clears Aliyev's bid to extend presidential term   Azerbaijan's highest court on Monday approved an initiative by President Ilham Aliyev to extend the head of state's term of office to seven years from five, a step his critics

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US LNG export to compete with Russian pipeline supplies in Europe   Russia’s proposed new gas supplies to Europe will compete with the US LNG export to that region, analysts of the US JP Morgan bank expect. Last week a cargo of

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Chabahar: In the Grand Chessboard of India’s Geo-Strategic Calculus   by Jajati K. Pattnaik and R. P. Pradhan Prime Minister Narendra Modi’s recent visit to Tehran marks a new geopolitical beginning in the Persian Gulf region putting Chabahar in the

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New well commissioned in Caspian Sea   Azerbaijan’s SOCAR produced 3.78 million tons of oil from the country’s offshore and onshore fields in January-June 2016. Azerbaijan's state oil company SOCAR will additionally produce nearly 16,500 tons of oil annually through commissioning

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Azerbaijani, Russian, Iranian presidents’ meeting to be platform for energy cooperation development   A meeting of Azerbaijani President Ilham Aliyev, Russian President Vladimir Putin and Iranian President Hassan Rouhani, to be held in Baku on August 8, will be a good

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Malaysia’s Petronas company names new head in Azerbaijan   Hanafi Talib has been appointed the new head of Malaysia’s oil and gas company Petronas in Azerbaijan. Azerbaijan’s Energy Ministry said July 27 that Hanafi Talib was presented to Azerbaijan’s Energy Minister Natig

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Caspian Overview: BP's Caspian Gas   Azerbaijan produced about 9.363bn m³ of commercial gas in the first half of this year, down 8.8% year-on-year, of which BP-operated fields counted 71.6%, a top energy official told NGE. BP is the operator of the Caspian Sea’s

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Iran, China to explore new areas of cooperation despite challenges   China and Iran are set to expand their relations into areas that were previously blocked due to Western sanctions. While Iran is wooing China into buying its oil and gas, China sees

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EBRD Considers TAP Funding   The European Bank for Reconstruction and Development (EBRD) has confirmed that it started talks to provide direct financing of €500mn and attract €1bn from banks for the Trans Adriatic Pipeline (TAP), which will bring Azeri gas from

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Caspian Energy Under Threat From Terrorism   The effect of terrorism and the rise of ISIS on Middle Eastern oil sources has not gone unnoticed by global media. Less observed, however, has been the potential for terror-based disruptions to the

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7 Continents of the World, Know About the Continents of the World Map   The Great Panzea- First Super Continents At that time, there was no life but only one continent, it better can be called super continent- The Great

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Iran, Russia discuss creation of satellite, free trade zone   Russian companies are interested in the Iranian market, said Russia’s Energy Minister and Co-chair of the Russia-Iran Intergovernmental Commission on Trade and Economic Cooperation Alexander Novak. Novak made the remarks during the

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Iran to export Russian gas to Georgia via Armenia   The agreement on trial gas exports from Iran through Armenia to Georgia will allow covering one fourth of the country’s gas demand and will decrease its dependence on Azerbaijan.

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Iran to export 40 mcm/d of gas to Georgia   Iran has provided more details on a small contract that it has sealed to export natural gas to Georgia – a project that could expand the energy reach of the

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Gazprom Eyes Iranian LNG, Turkish Stream   Gazprom, Russia's state controlled gas giant, is interested in developing gas projects in Iran According to Russian business daily Vedomosti, Russia's energy minister Alexander Novak said that the

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Turkmenistan, France strengthening co-op   Turkmenistan’s Foreign Minister Rashid Meredov met with France’s extraordinary and plenipotentiary ambassador Patrick Pascal, said the message from Turkmenistan’s Foreign Ministry. Pascal is completing his diplomatic mission in Turkmenistan. During the meeting, the parties expressed intention to further

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Leaders of Russia, Iran, Azerbaijan to discuss North-South transport project on August 8 The project will be a great contribution to developing inter-regional cooperation, says the Azerbaijani Foreign Ministry The presidents of Russia, Azerbaijan and Iran - Vladimir Putin, Ilham Aliev

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Foraging strategies of smallest seals revealed in first ever satellite tracking study The first ever satellite tracking study of one the world's endangered seal species has revealed new information about their migration habits and hunting patterns. Using satellite trackers, scientists humanely tagged

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Putin: Russian-Iranian co-op has already become strategic   Establishing a free trade zone between the Eurasian Economic Union (EAEU) and Iran can give a strong impetus to expanding bilateral trade and investment, Russian President Vladimir Putin said in an

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Iran’s oil minister to mull oil, gas co-op with Azerbaijan   Iran’s Oil Minister Bijan Namdar Zanganeh will visit Baku Aug. 7 to discuss the cooperation in oil and gas sector with Azerbaijani officials. Zanganeh, who will accompany Iranian president Hassan Rouhani

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South Korea’s KNOC in talks with Kazakhstan to drop oil field project   State-owned Korea National Oil Corp (KNOC) is in talks with the Kazakhstan government to pull out of an oil field project due to disappointing exploration results, a KNOC spokesman

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'Rouhani-Putin-Aliyev meeting to set in motion regional convergence'   Iranian Ambassador to Baku Mohsen Paka'ein asserts that the tripartite meeting between presidents of Iran, Russia, and Azerbaijan in Baku on August 8 will open a new chapter in regional

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SOCAR Interested in Cooperation With Iran, Russia in Caspian Sea Azerbaijan's SOCAR energy company seeks cooperation with Russia and Iran, Azeri President Ilham Aliyev said. The State Oil Company of Azerbaijan Republic (SOCAR) is interested in cooperation

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Cooperation of Russia, Turkey and Iran 'Would Help to Resolve Syrian Crisis'   At the meeting on August 9 in St. Petersburg, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan will discuss ways to resolve the ongoing

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Baku Summit to Enrich Persian Gulf With Caspian Sea Resources   Leaders of Russia, Iran and Azerbaijan met in the Azerbaijani capital of Baku to intensify their cooperation in the energy field. Political expert Sajjad Tayeri said

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Lukoil Provides Update on North Caspian Fields   Russia’s Lukoil is on schedule to begin phase one production at its Filanovsky oil field this autumn and expects to begin phase two production in late  2017. It is also keeping an eye open to

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Oil and Gas Drilling Threatens Little-Known but Unique Seal   The 20th century was not kind to the Caspian seal. About 100 years ago, an estimated 1 million of these four-foot-long marine mammals swam the waters of the Caspian Sea, the world’s

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