Russia, SOCAR

In January-February, SOCAR increased oil shipment from Novorossiysk 619 times

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.

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In January, SOCAR increased oil shipment in Novorossiysk 310 times

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.

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In 2017 SOCAR to increase oil transportation via Russia.

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.

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In the first 11 months, SOCAR reduced oil shipment from Novorossiysk by 10%

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.

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SOCAR Polymer and Gazprombank sign an agreement for the supply of equipment.

On June 17 SOCAR Polymer, a subsidiary of of the State Oil Company of Azerbaijan SOCAR, and Gazprombank signed an agreement for the supply of nitric unit for the new production of polypropylene and polyethylene at the St. Petersburg International Economic Forum, the bank informs.
PJSC "Cryogenmash" within the "Gazprombank" group will produce a cryogenic air separation unit to produce nitrogen in the production of PP and PE at the territory of Chemical Industrial Park in Sumgayit.

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Experts don’t understand why Azerbaijan needs Russian gas

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.

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Gazprombank may finance up to $5 bln for gas processing complex in Azerbaijan

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.

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SOCAR commissions the new well in Caspian Sea.

The Azeri state company SOCAR would additionally produce more than 8.5 million cubic meters of gas and 20 million tons of oil each year due to commissioning of the renovated wells at the offshore field "Guneshli", the company informed in a statement released on Monday.
The "Guneshli" field plays an important role in the oil and gas industry of Azerbaijan.

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"Gazprom" confirms the Bulgarian version of the route of the gas pipeline Russia – Greece.

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.

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Analyst Alexander Pasechnik talks about the importance of Trans Adriatic gas pipeline for European gas market

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.

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