Japan Oil and Gas, India

AIOC reduces oil production at ACG 3.7% in Q1

Oil production at the block of Azeri-Chirag-Guneshli fields (ACG) amounted to 52 million barrels (7 million tons) in the first quarter of 2019, the Azerbaijan International Operating Company (AIOC)

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Since 2001, SOFAR’s revenues from sale of profitable oil from ACG block exceeded $140 billion

Revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profitable oil from the Azeri-Chirag-Guneshli block (ACG) and condensate from the Shah-Deniz field in the first quarter of 2019

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Rosneft and Exxon to attract Asian partners to its LNG project

Rosneft and the American ExxonMobil will build an LNG plant in the Far East in alliance with partners from India and Japan.

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As of December 1 Azerbaijan extracted 250 million tons of profitable oil from Azeri-Chirag-Gyuneshli - SOCAR

As of December 1st, 2017 the total volume of Azerbaijan's profitable oil, produced so far from the Azeri-Chirag-Guneshli (AChG) fields block, was 250 million tons, Khoshbakht Yusifzadeh, SOCAR

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Russian oil companies increase supplies to Europe and China

In the past two years, Russian oil companies sharply increased oil supplies abroad.

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Gazprom closes offices in Turkey, Japan and India

Gazprom has closed its representative offices in three countries - Turkey, Japan and India, this follows from the company’s new memorandum on it's  eurobonds issue.

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Ulyukaev; Indian and Japanese companies have expressed no interest in Rosneft privatization

Indian and Japanese companies haven’t show objective interest in the privatization of Rosneft, the Minister of Economic Development of Russia Alexei Ulyukayev told reporters on the margins of

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Ulyukaev states CNPC is still interested in Rosneft privatization

China's CNPC retains its interest in privatization of Rosneft, the Economic Development Minister Alexei Ulyukayev told reporters in Vladivostok.

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Tiff between Russia and China

The announcement, made in Russia in the middle of last month, surprised the Russian and foreign energy circles. The bottom line is that Rosneft agreed with Indian investors about the sale of 50% of Vankorneft. During his visit to India, head of Rosneft Igor Sechin signed the relevant agreement and a protocol of intent.
According to media reports, the Indian company ONGC will receive the 26% stake, Oil India and other two companies - 23.9%. If the agreement is implemented, it is likely that the India's share will increase to 49.9%.
The total oil reserves of the Vankor deposit amount to 360 million tons. Initially, the Putin administration, strengthened the state control over natural resources, prudently regarded to the participation of foreign capital in the development of such large oil and gas deposits.

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Turkmenistan begins to build TAPI.

Turkmenistan begins to build TAPI without solving the key challenges of the project.
Turkmenistan started the construction of TAPI gas pipeline to India. However, currently the prospects of the project worth $ 10 billion remain uncertain: no western company was included into the consortium for the construction of the pipe. It is also unknown who will build and provide security for the Afghan section of the gas pipeline.

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