SOCAR, Russia Oil and Gas
In January-February 2017, SOCAR shipped 159.777 thousand tons of oil, exported via the Baku-Novorossiysk pipeline, from the port of Novorossiysk, the company reports.
In January 2017, SOCAR shipped 79.935 thousand tons of oil, exported via the Baku-Novorossiysk pipeline, from the port of Novorossiysk, the company reports.
The Azeri state company SOCAR and Russia's "Transneft" had agreed on volume of oil transportation via the Baku-Novorossiysk pipeline in 2017, a source in SOCAR told Trend.
In January-November 2016, SOCAR shipped 1 137.953 thousand tons of oil, exported via the Baku-Novorossiysk pipeline, from the port of Novorossiysk, the company reports.
SOCAR has been interested in the purchase of Russian gas in the volume of 5 billion cubic meters a year, which causes extreme surprise, given the fact that the country itself has good export potential of "blue fuel", says the Natural Gas Europe.
"This is a very strange situation, which turned out to Azerbaijan. Medium-term export opportunities of the country are quite good, especially with regard to implementation of the Shah Deniz-2 project, from which it is planned to start the gas supplies to Turkey, Bulgaria, Greece, Albania in 2018, and to Italy - at the beginning of 2020," – it is stated in the article.
Azerbaijan SOCAR has laid the price of oil in the amount of $25 per barrel in the budget for 2016. This was said to journalists by head of the company Rovnag Abdullayev.
"$25, as for the next year, we’ll see," - he said.
The input of the planned pipeline on the Black Sea shore in Bulgaria was really regarded as one of the options, but the European partners make the selection and approval of the route, the deputy chairman of "Gazprom" Aleksander Medvedev informs.
On Thursday, the presidential aide Yuri Ushakov stated that the new gas pipeline from Russia to Greece could pass through Bulgaria. In February "Gazprom", the Italian Edison and the Greek DEPA signed a memorandum on deliveries of Russian gas under the Black Sea through third countries to Greece and from Greece to Italy.
Analyst Alexander Pasechnik talks about the importance of Trans Adriatic gas pipeline for European gas marketEdited by vadim / 2016-05-24 08:49:27
Brussels still hasn’t let up in the development of new routes of gas supplies to Europe alternative to Russian gas transportation projects. Last week, Thessaloniki hosted a ceremony of beginning of the construction of the Trans Adriatic Pipeline (TAP). The vice-president of the European Commission Maroš Šefčovič, participated in the event, said that he considered this event as "historic", and tried to say a few words in Greek.
Nevertheless, such a pompous start doesn’t necessarily mean safe fast finish – it’s not the fact that the project will be implemented at all. The fate of canceled Nabucco may well comprehend it, for which the European Commission had high hopes. And TAP is just another interpretation of the so-called "Southern Gas Corridor", prospects of which is questionable.
SOCAR plans to buy from 3 to 5 billion cubic meters of gas per year from Gazprom, said SOCAR’s president Rovnag Abdullayev to journalists on Wednesday.
State-owned oil and gas company of Azerbaijan SOCAR holds negotiations with Gazprom and Iran to acquire 3 billion cubic meters of natural gas per year, head of SOCAR Rovnag Abdullayev reported today.
"We still have interest in the purchase of Russian gas. We passed our proposal to Gazprom. We need gas for injection into the reservoirs at the block of fields Azeri-Chirag-Guneshli in order to maintain the stable oil production. Secondly, we plan to inject additional volumes of gas in our underground storage facilities in order to make maximum use of them. The capacity of the storage facilities is about 5 billion cubic meters, and we want to test the maximum capacity as a pilot project,"- said Abdullayev.