Today.Az » Business » Main occasions of previous week in Caspian countries' oil, gas industry
18 March 2014 [11:50] - Today.Az
Partners on Shah Deniz agree on conducting exploration work under third phase
Partners on the project for development of the Shah Deniz gas
condensate field have agreed on plans for conducting exploration work
under the third phase of the field's development, a senior
representative of State Oil Company of Azerbaijan (SOCAR) said.
The project's operator presented its data to the project partners, in
accordance to which more gas and condensate reserves can be detected in
the Shah Deniz field, according to the senior representative. In this
case we are talking about an additional 0.5 trillion cubic meters of gas
and relevant volume of condensate.
New tariff for pumping Azerbaijan's oil via Baku-Novorossiysk pipeline announced
Under the new terms the tariff for pumping Azerbaijan's oil via
Baku-Novorossiysk pipeline exceeds $16 per ton, a source in the State
Oil Company of Azerbaijan Republic (SOCAR) said.
Under the previous agreement the tariff for transportation of oil via the Baku-Novorossiysk pipeline was $15.67 per ton.
Oil pumping via this pipeline was suspended in February 2014 and
forwarded to the Baku-Tbilisi-Ceyhan (BTC), which exports most of the
oil produced in Azerbaijan (from the Azeri-Chirag-Guneshli block of oil
and gas fields).
However, SOCAR and Russian Transneft have recently signed a new
one-year agreement. Oil transportation via the Baku-Novorossiysk
pipeline was restored according to this agreement.
Oman, Iran agree to build submarine gas pipeline
Oman signed an initial agreement with Iran Wednesday to build a $1
billion submarine pipeline to import gas from the Islamic republic,
Oman's oil and gas minister said, AFP reported.
The agreement was reached on the first day of a visit by Iranian President Hassan Rouhani.
"We have signed an initial agreement to build a pipeline under the Gulf
of Oman to transport gas from Iran to Oman," Mohammad al-Ramahi said.
The project should be completed by the end of 2017 and will cost around $1 billion (721 million euros), he said.
Subsoil users to supply oil to refinery without mediators in Kazakhstan
Kazakhstan plans to introduce regulations excluding intermediaries
from the process of oil supply from subsoil users to refinery, Kazakh
Minister of Economy and Budget Planning, Erbolat Dossaev said at the
government meeting while presenting a comprehensive plan to combat the
shadow economy in the country in 2014-2015.
He said that a rule providing the exclusion of intermediaries from
the process of oil supply to the refinery by subsoil user is planned and
a similar rule will also be valid for a mini-refinery.
The Kazakh government intends to approve the list of documents
confirming the legality of the origin of oil that enters a refinery,
according to Dossayev.
Kazakhstan increases rates for crude oil export customs duty
The export customs duty for crude oil will grow in Kazakhstan by $20 -
from $60 to $80 per ton, Kazakh Economy and Budget Planning Minister,
Yerbolat Dossayev said.
Commercial oil inflow from Turkmen Altiguyi field
The Turkmennebit (Turkmenoil) state concern has obtained a commercial
oil inflow as a result of exploration at the Altiguyi field, the
Ministry of Petroleum and Mineral Resources of Turkmenistan reported.
'Appraisal well No.22 was drilled with the purpose evaluating the new
well at the industrially developed field Altungayi, located in the West
of Turkmenistan achieved a design depth of 4100 metres this year. As a
result of geophysical exploration and data obtained from the well
exploration work started in the open segment', the statement said.
As a result of exploration work carried out at the 4012-4018 segments
of lower red beds an inflow of industrial oil was gained, according to
the report.
Previously Altyguyi was recognised only as a gas field. Reports on the discovery of oil began in 2010.
/Trend/
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