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British Petroleum (BP)

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Azerbaijan is the future of the Eurasian Region – Matthias Dornfeldt

By Vestnik KavkazaA week has passed since the announcement of the results of the presidential polls in Azerbaijan. No one plans to appeal the results (Ilham Aliyev’s win is obvious), but discussions of the level of democracy are still topical. Matthias Dornfeldt, a political analyst of the Berlin Center for Caspian Region Studies, was an observer in Azerbaijan and he the described prospects of development after the presidential polls.- Mr. Dornfeldt, what is your evaluation of the voting in Azerbaijan?

Mathias Dornfeld: “The future of the Eurasian region is in Azerbaijan”

Mathias Dornfeld: “The future of the Eurasian region is in Azerbaijan”

Interview by Vestnik KavkazaA week has passed since the announcement of the results of the presidential elections in Azerbaijan, and nobody intends to dispute them (the victory of Ilham Aliyev is obvious). However, discussions of whether the elections were democratic continue. Vestnik Kavkaza interviewed a political scientist from the Berlin Center for Caspian Region Studies, Mathias Dornfeld, who was in Azerbaijan as an observer. He also spoke about the prospects for Azerbaijan’s developments after the presidential elections.

SOCAR is the leader in shelf deposits, Stanislav Pritchin says

SOCAR is the leader in shelf deposits, Stanislav Pritchin says

Political analyst Stanislav Pritchin believes that SOCAR is the leader in terms of technology in the CIS for the development of offshore fields. According to the analyst, the cooperation between SOCAR and Rosneft offers great prospects; however, these are not the only areas of cooperation where Russia and Azerbaijan will be able to carry out productive work. 

Azerbaijani gas to be cheaper than Russian

Kenan Yavuz, head of the SOCAR Turkey Enerji Petkim, said that the SOCAR was planning to launch TANAP in 2018 and make Azerbaijani gas cheaper that the Russian, Trend reports.SOCAR partners developing Shah Deniz were planning to distribute shares: 12% for Statoil and BP each and 5% for Total. The TANAP project will allow shipments of 16 billion cubic meters of Shah Deniz gas to Europe every year, about 6 billion of which will be transferred to Turkey.

Ilham Aliyev receives UK delegation

Ilham Aliyev receives UK delegation

President of Azerbaijan Ilham Aliyev received today a UK delegation led by the Prime Minister's Economic Partnership Envoy Lord Risby.The British delegation praised the rapid economic development of Azerbaijan in recent years.President Ilham Aliyev and Lord Risby stressed the importance of long-term fruitful cooperation between the State Oil Company of Azerbaijan (SOCAR) and BP, Trend reports.

Rovnag Abdullayev: SOCAR is ready to take over Shah Deniz commitments once foreign contracts expire

Rovnag Abdullayev: SOCAR is ready to take over Shah Deniz commitments once foreign contracts expire

If after 2036 Azerbaijan does not extend contracts for the development of Shah Deniz gas and condensate field with foreign partners, all commitments on gas contracts will be taken over by the State Oil Company of Azerbaijan (SOCAR), the company's president Rovnag Abdullayev said at a press conference on Thursday, Trend reports.According to Abdullayev, in 2012 it was decided to extend the contract until 2036.The total reserves of the Shah Deniz field are estimated at 1.2 trillion cubic meters of gas.

World Petroleum Congress to improve image of Kazakhstan

World Petroleum Congress to improve image of Kazakhstan

Jambulat Sarsenov, deputy head of KAZENERGY, said at a meeting with Karen Agustivian, President and Executive Director of Pertamina (Indonesia), that hosting the 22nd World Petroleum Congress in Astana in 2017 will be an important reputational project for Kazakhstan, Trend reports.Sarsenov presented the project for the congress to Pertamina  to the Pertamina delegation. He added that the World Petroleum Congress can be merged with EXPO-2017.

Azeri Foreign Minister to visit UK

Azeri Foreign Minister to visit UK

The head of the Foreign Ministry of Azerbaijan Elmar Mamedyarov will visit the UK on September 3-5. He will discuss prospects of the bilateral relations within the working visit, the press service of the Foreign Ministry reports. It is planned that he will meet his colleague William Hague, members of the parliamentary committees on foreign contacts and energy affairs, and the general executive director of BP Lamar McKay. 

BP spent over $1 billion on Azerbaijani projects

BP spent over $1 billion on Azerbaijani projects

BP spent $1.02 billion on Azerbaijani projects in January-June 2013, Trend reports.$396 million were spent on 347 small and medium enterprises, $77 million on 29 state companies, $274 million on joint ventures with local partners, $276 million on foreign contractors, 0.26% on the Azeri-Chirag-Guneshli Field, $0.26 million on the Shah Deniz Field, $0.52 million on the Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum pipelines and $0.4 million on projects of social responsibility.

SOCAR, BP, Total purchase TAP shares

SOCAR, BP, Total purchase TAP shares

SOCAR and BP purchased 20% of shares of the Trans-Adriatic Pipeline (TAP) each, Total got 10%, Fluxys got 16%.Statoil keeps 20% of the TAP shares, E.ON 9%, Axpo 5%. TAP Managing Director Kyetil Tungland approved the purchase, stating that it would strengthen the Southern Gas Corridor.

Greek ambassador calls Azerbaijan Europe’s most reliable ally

Greek ambassador calls Azerbaijan Europe’s most reliable ally

The US congress had a briefing meeting for Southern Gas Corridor and its role in European energy security yesterday, attended by Azerbaijan, Albania, Greece, Italy, Vice President of the State Oil Company of the Azerbaijan Republic (SOCAR) Elshad Nasirov, BP Director General for Cooperation Greg Saunders, congressmen, analysts, officials of the US State Department and journalists.

Azerbaijan to float out first ship

Azerbaijan is building a new shipyard and will float out the first vessel built at the Garadag District of Baku on September 20, Trend cites President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev.BP, State Caspian Ocean Company ordered ships. The shipyard has enough orders for 10 years.

Shah Deniz partners to buy 50% of TAP shares

 Shah Deniz partners SOCAR, BP and Total will buy 50% of shares of the Trans-Adriatic Pipeline, the final route of the Southern Gas Corridor, SOCAR President Rovnag Abdullayev said today.

BP, Total, SOCAR to join TAP in 30 days

BP, Total, SOCAR to join TAP in 30 days

 BP, Total and the State Oil Company of the Azerbaijan Republic (SOCAR) may join the TAP project in 30 days after selection of the route to transport gas from Shah Deniz-2, Trend reports.Each side may purchase up to 50% of TAP shares. Fluxys (Belgium) has been showing interest in the project.The TAP was selected as the final route of the Southern Gas Corridor to transport Shah Deniz gas.