Oil and Gas

The first gas via TANAP to be pumped on June 30, 2018

The first gas through the Trans-Anatolian gas pipeline (TANAP ) will be pumped on June 30, 2018. the CEO of TANAP S. Duzyol stated this on April 18, 2018.
Synopsises from S. Duzyol:

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Italian Eni doesn’t plan to withdraw from deal with Rosneft because of sanctions

The Italian oil company Eni hasn’t planned to withdraw from joint projects with Rosneft, despite the threat of sanctions against Russia.

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Ukraine is ready to consider agreement on gas fields in Crimea

The Finance Minister of the Ukraine Alexander Danylyuk has stated that the country could consider the idea of signing an agreement on the development of gas fields in the territorial waters of the

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Forbes compiles rating of the largest buyers of Russian oil

Forbes has ranked the 20 largest buyers of Russian oil in 2018. The first place is taken by Litasco, a trading subsidiary of Lukoil, which acquired 35.9 million tons for $12.9 billion.

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In June 2021, TANAP to reach designed capacity of supplies to Turkey – 6 bln cubic meters per year

Trans-Anatolian gas pipeline (TANAP) will reach the designed capacity of gas supplies to Turkey at the level of 6 billion cubic meters per year in June 2021, general director of TANAP consortium Sa

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Wood Mackenzie assesses potential of hydrocarbon production in Azerbaijan

Events in the energy sector of Azerbaijan in 2017 and 2018 have a positive impact on oil and gas production in the country.

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In Q1, Azerbaijan increased production of gasoline by 0.4%, diesel fuel – by 6.4%

In January-March 2018, production of oil products in Azerbaijan declined compared to the same period last year by 0.6% to 712.816 million manats, the State Statistics Committee reports.

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Gazpromneft to make decision on Shakal project in Iraqi Kurdistan before the end of 2018

Gazpromneft will decide on further development of the Shakal project in Iraqi Kurdistan before the end of 2018.

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In Q1, Azerbaijan increased oil production by 2%, gas – decreased by 6%

In the first quarter of 2018, oil production in Azerbaijan amounted to 9 662.4 thousand tons of oil, which is by 2.2% higher than in the same period last year, the Interfax-Azerbaijan was informed

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Novak: Russia and Iran may extend agreement on program “Oil for goods”

The Russian Energy Minister Alexander Novak said that Moscow and Tehran could extend an agreement on program "Oil for goods" for another five years.

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