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SOCAR Discloses Volumes of Gas Export to Georgia and Turkey

By Maksim Tsurkov – Trend: Since the beginning of operation in 2006, 86 billion cubic meters of gas and 21.5 million tons of condensate have been extracted from Azerbaijan’s Shah Deniz biggest gas field, Alakbar Abbasov, adviser to the first vice president of Azerbaijan’s state oil company SOCAR, said. Abbasov …

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V.F. Tanker Ltd. Continues to Transport Turkmen Crude oil to Iran

V.F. Tanker Ltd. Continues to Transport Turkmen Crude oil to Iran

The Russian-flag vessels “VF Tanker-20”, “VF Tanker-13” and “VF Tanker-8” belonging to “V.F. Tanker Ltd” continue to transport Turkmen crude oil to Iran for the companies “Dragon Oil” and “ENOC”. Earlier this month four cargoes of Turkmen crude oil produced by Dragon Oil were delivered to the Iranian port of …

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ENOC Continues to Supply Crude Oil to Iran Despite Sanctions

ENOC Continues to Supply Crude Oil to Iran Despite Sanctions

Despite the sanctions, the companies Dragon Oil and ENOC shipped the next crude oil cargo to Iran. At the end of July, the same vessel VF Tanker-20, carried crude oil produced by Dragon Oil, arrived on roads of Baku port, Azerbaijan. However, after one week delay, caused by detection of …

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Oil Shipments From Georgia’s Batumi Port Fall 33 pct in Jan-July

Oil Shipments From Georgia's Batumi Port Fall 33 pct in Jan-July

Oil and related shipments from Georgia’s Black Sea port of Batumi fell 32.8 percent in January-July of 2017 from a year earlier, a senior official at the terminal, operated by Kazakh state firm KazMunaiGas, said on Thursday. The official gave no reason for the fall, but KazMunaiGas has rerouted some …

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Iran Discovers New Oil Block in Central Country

Recent exploration has led to the discovery of a new oil block in Iran’s central province of Semnan, an unnamed source told Fars news agency May 28. However, the source said that preliminary findings do not indicate the existence of any notable reserve in the newly found block. The source …

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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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Oil Prices fall on Doubts Over OPEC Production Cut

Oil Prices fall on Doubts Over OPEC Production Cut

Oil prices fell around 2 percent on Tuesday on signs leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply. The Organization of the Petroleum Exporting Countries will meet in Vienna on Wednesday aiming to implement an agreement outlined in September to cut output …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Oil extractiondown at the Azeri-Chirag-Gunashli oil field in 3Q16 In 3Q16, oil production was down 2.5% y/y to 622,359 barrels per day at the Azeri-Chirag-Gunashli (ACG) oil field, operated by the BP-led consortium, as operations at …

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