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BP has doubled the evaluation of prices for the Nabucco gas pipelineto 14 billion euros, due to rising prices for raw constructionmaterials, especially iron ore, RIA Novosti cites The Guardian.The Nabucco project is aimed at transporting natural gas from theCaspian region to European states, by-passing Russia throughAzerbaijan, Georgia, Turkey, Bulgaria, Hungary, Romania and Austria.
The goal of the militants is to split Russia and establish a destabilized zone in the North Caucasus, according to the head of the counter-extremism section of the Interior Ministry in the North Caucasian Federal District, Kazimir Botashev.
EU Commissioner for Energy Gunther Oettinger said that preparationsfor the realization of the Nabucco gas pipeline have been made, andOMV and other participants of the project should start itsconstruction, AFP reports.The EU is paying special attention to Nabucco after incidents thathalted Russian gas supplies to Europe.Nabucco is a competitor to the Southern Stream project, a pipelineconstructed by Russia's Gazprom and Italy's ENI. The Southern Streamwill transport gas along the Black Sea bed to Bulgaria.
Ankara has held a major international conference on energy security,organized by the NATO counter-terrorist center. Over 80 high-rankingofficials from NATO, ministries of national security, interioraffairs, defense, foreign affairs, energy and resources of Turkey, theWorld Energy Council, military schools of Turkey and USA, BP, Botasand other companies took part in the meeting. Azerbaijan wasrepresented by the expert of the Center for Strategic Studies underthe president of Azerbaijan Gulmira Rzayeva.
The joint declaration on the Southern Gas Corridor signed by the European Commission and Azerbaijan will provide a firm basis for Azerbaijani gas supplies, an official statement by Nabucco Gas Pipeline International says.
The President of the European Commission, Jose Manuel Barroso, and theEuropean Commissioner for Energy, Gunther Oettinger, will visitAzerbaijan and Turkmenistan next week to discuss the Nabucco gaspipeline project, Barroso said on Wednesday, RIA Novosti reports.The South Corridor includes Nabucco (Azerbaijan-Turkey-Austria), TGI(Turkey-Greece-Italy) and TAP (Trans Adriatic Pipeline). The Nabuccoconsortium expects gas supplies from Azerbaijan, Turkmenistan and Iraqto fill the pipeline system.
The Joint Petrochemical Company SOCAR-TURCAS has received a license for the wholesale of gas on the domestic market of Turkey, Trend reports.The license was granted for a period of 30 years by the regulatory group of the Turkish energy market.An agreement was signed earlier by Turkey for the acquisition and subsequent sale of gas amounting to 1.2 billion cubic meters per year to Turkey. Most of the gas will flow to the petrochemical complex
Oil pumping on the Baku-Tbilisi-Jeykhan (BTJ) pipeline, halted due toan oil leakage on the Turkish section near Erzurum, has been fullyrestored, BP (operator of the pipeline on the territory of Azerbaijanand Georgia) said on Thursday, Trend reports.Botas had earlier requested oil pumping be stopped .
BP-Azerbaijan declined the proposal of the Turkish company Botas toraise prices for oil pumping on the Turkish section of theBaku-Tbilisi-Jeykhan (BTJ) pipeline. The head of BP-Azerbaijan, Rashid Javanshir, said that the prices fortransit had been agreed on by all participants of the consortium, and decisions to raise prices should be made in concert, Turkish newspaperVatan reports.
The State Oil Company of Azerbaijan, SOCAR, is going to sell gas on the Turkish retail market from next year, the president of SOCAR Rovnag Abdulaev stated on Saturday, Trend reports. According to him, Turkey agreed to purchase and retail 1.2 billion cubic metres of gas annually.In the near future SOCAR and Turkish national pipeline company Botas will sign a contract on gas transfer by the Turkish company to SOCAR's Turkish branch and onwards, following sales on Turkey's internal market.
Gazprom once again increased gas supplies to Turkey: this time from 32 to 42 billion cubic meters daily, due to a temporary delay in Iranian gas deliveries to Turkey, RIA-Novosti cites the management of the gas holding.“As a result of the temporary suspension of gas supplies from Iran to Turkey due to technical reasons, the Botash company has turned to Gazprom with a request to increase the supply of Russian natural gas through the "Blue Stream" gas pipeline until the completion of repair work,” the management said.
International financial institutions have initiated the evaluation process of 4-billion euro potential funding for the building of the Nabucco pipeline, the managing director of the consortium NABUCCO Gas Pipeline International GmbH Reinhard Mitschek said today, European media say.The final decision on funding is expected to be taken in 2011, while construction work is expected to begin in 2012. The pumping of the first gas through the pipe is scheduled for 2015, depending on the availability of the sources.
Hungary and Romania have opened the 47-kilometer Arad-Szeged branch section of the Nabucco gas pipeline, connecting Hungarian and Romanian gas distribution systems, the oil and gas company MOL (a participant in the gas pipeline project) said in a message, RIA Novosti reports. The section passes through Hungary. A 60-kilometer section in Romania, constructed by Transgaz, opened earlier.
The Azerbaijani oil company SOCAR and the Turkish pipeline company Botas will sign all the documents on the sale of Azerbaijani gas to Turkey and gas transit through the country by March 31, 2011, Trend reports.The president of SOCAR, Rovnag Abdullayev, said three documents will be signed. At the moment technical work is being carried out.
The Turkish State petroleum company 'Botash' has paid a fine of 600 million dollars to the National Iranian Gas Company (NIGC) for importing a lesser quantity of gas than agreed in their contract,
The consortium of the 'Nabucco' pipeline project, which will transport gas from the Caspian region and the Middle East to the countries of the European Union, has delayed the pre-qualifying tender offer on pipes delivery due to the excessive amount of entries,
On July 22nd 2010, Turkish company Botas asked Gazprom to increase gas supplies via the ‘Blue Stream’ pipeline from 14 to 22 million cubic metres daily. It could be to receive 32 million cubic metres to replace Iranian gas supplies, which were halted due to an explosion on the pipeline, RIA Novosti reports, citing the Russian gas holding. Gazprom agreed to provide more gas.
The government of Bulgaria signed an agreement on constructing the Bulgarian section of the Nabucco gas pipeline with its operator, RIA Novosti reports, citing the US newspaper Upstream.The operator of the project is a consortium consisting of Austrian OMV, Hungarian MOL, Romanian Transgaz, Turkish Botas and German RWE. The project is a competitor of the ‘South Stream’ gas pipeline project, an agreement on which was signed between Russia and Bulgaria on July 16th.
Militants of the Kurdistan Workers Party (PKK) attempted to blow up a pipeline belonging to the Turkish Botas company this morning, Trend reported.The terrorists placed a bomb under the pipeline near the city of Giresun.An investigation is underway.
Egypt is considering the possibility of connecting the Pan-Arab gas pipeline to the Nabucco pipeline, to supply its own gas by this route, the Oil Minister of Egypt, Samih Fahmi Amin, told Trend in Baku.
