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Kazakhstan Keen to Increase oil Transportation Through Azerbaijan

Kazakhstan Keen to Increase oil Transportation Through Azerbaijan

Kazakh national oil transportation company KazTransOil is conducting work to increase oil transportation through Azerbaijan via railway for further loading of the Batumi oil terminal on the Black Sea coast of Georgia, Kazakhstan’s Energy Ministry told Trend. The Batumi oil terminal is fully owned by KazTransOil. According to the ministry, …

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Macron Victory in France Sends Euro to 6-month High

The euro notched up its highest level in six months after centrist reformer Emmanuel Macron won the French presidential election on Sunday, neutralizing the biggest political challenge to the currency in its 18-year history. His far right opponent, Marine Le Pen, had threatened to scrap the euro and reintroduce France’s …

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Europe’s Gas Diversification Comes at a High Price: Analysis

Diversification is a key dimension of the current EU Energy Union policy, but diversification means different things: it can mean switching to other suppliers to take less – in this case – Russian gas, as well as limiting Russia’s dominant position in the market through the availability of alternative supplies …

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EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift

EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift

The European Bank for Reconstruction and Development is pushing ahead with plans to lend $500 million to Azerbaijan’s Southern Gas Corridor project after the nation was suspended from an international oil-wealth transparency watchdog. The development bank is “progressing” its financing to the $40 billion pipeline project with a final board decision expected …

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TAP AG Completes Trans Adriatic Pipeline’s First Hydrotest

TAP AG, the consortium building the Trans Adriatic Pipeline (TAP), has successfully completed its first hydrotest in Greece, reads a message on TAP’s website. “Also known as hydrostatic testing, this is a method for verifying a pipeline’s safety after it has been built,” said the message. “The pipeline is filled …

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Moscow Hosted Russia’s Largest Conference on blockchain and Cryptocurrencies

Moscow-based Digital October hosted an annual, Russia’s largest conference, dedicated to blockchain and cryptocurrencies, – Blockchain & Bitcoin Conference Russia. It gathered 750 visitors and 30 speakers – blockchain practitioners and theoreticians from Europe, America, and Africa. Blockchain & Bitcoin Conference has been held in Moscow for the fifth time. …

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Commercial Gas Output to Reach 40 bcm in Azerbaijan

The volume of commercial gas production in Azerbaijan will reach 40 billion cubic meters per year until 2025, said Nazim Samadzade, first deputy head of the Gas Export Department of Azerbaijan’s state oil company SOCAR. He made the remarks during the conference titled “The 2nd SOCAR International Caspian and Central …

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