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Armenian gas transits through Georgian territory will be restored in2-3 days. The gas supply was halted due to a landslide in theKobi-Gudauri section, Georgia Online reports.However, Georgia will not suffer a lack of supplies as it receives gasfrom Azerbaijan. Armenia has enough gas stored for 10 days.
The Centralnoye structure on the Caspian Sea, where Lukoil has beencarrying out geological exploration, has been ordered to be licensedimmediately, RIA Novosti cites deputy head of Gazprom Valerie Golubev,after a council on Caspian development chaired by Russian PremierVladimir Putin.The license of the operator of Centrcaspneftegaz (joint-venture ofLukoil and Gazprom) expired on October 30th 2009.
Rosneft and Lukoil plan to continue exploring the Sea of Azov , RIA Novosti reports, citing head of Rosneft Sergey Bogdanchikov.On the Temriuk-Akhtarsk field in Krasnodar Territory of the Azov shelf they plan to take seismic measurements.The license belongs to Oil Company Priazovneft, a joint venture of Rosneft (42.5%), Lukoil (42.5%) and the administration of Krasnodar Territory (15%).
Russian Premier Vladimir Putin visited the stationary oil platform named after Yuri Korchagin, located in the Caspian Sea, which is starting oil extraction, RIA Novosti reports.The Korchagin oil field is located 180 km from Astrakhan and 200 km from Makhachkala. It is being developed by Lukoil-Nizhnevolzhskneft, a branch of the private oil company Lukoil.
Russian Premier Vladimir Putin will discuss issues of developing oilfields in the Russian sector of the Caspian Sea in Astrakhan on April28, RIA Novosti reports, citing the press-service of Russiangovernment.Putin will also visit the Korchagin stationary platform. The CaspianSea oil-field is developed by Lukoil-Nizhnevolzhskneft - an affiliatedsubsidiary of Lukoil.Oil deposits are estimated at 28.8 million tons of and gas reserves at63.3 billion cubic meters. The maximum level of extraction per year
Azerbaijan and Turkey are close to signing a gas transit agreement."Azeri and Turkish experts have made great progress in negotiating anagreement on gas transit", said the head of the press service of theTurkish Energy Ministry, Kerem …
The new Baku Expo Centre will host a trade exhibition of the region'sleading oil and gas companies under the name Caspian Oil and Gas.
The Austrian authorities plan to sign an agreement with Russia about Austria's participation in the South Stream gas pipeline project. The agreement is due to be signed on April 24 in Vienna. The project is expected to be valid for 30 years. After its signing, it will go for ratification to the Austrian parliament.
The State Oil Company of the Azerbaijani Republic (SOCAR) confirmed its readiness to provide 12 billion cubic meters of gas for the Nabucco pipeline, the Bavarian state minister for federal and European issues Emilia Mueller said on Friday, after a meeting with SOCAR Vice-President Elshad Nasirov, Trend reports. “However, the pipeline will need 31 billion cubic meters of gas. That is why we are negotiating with other countries for their participation in the project”, Mueller said.
The start of the second stage of work on the Azerbaijani gas condensation plant 'Shakhdeniz' is set for 2016-2017, depending on investment decisions on one of the planned pipeline projects - Nabucco, Transadriatic Pipelines (TAP) and ITGI, reports Trend, quoting the assistant to the vice-president of the Azerbaijani State Oil Company, Vitali Beglyarbekov.
Azerbaijani State Oil Company has resumed gas supplies to Russia, said source in the company, as reports Trend. Gas delivery through the Mozdok-Kazimagomed pipeline, which connects the gas system of Azerbaijan and Russia, was suspended on Tuesday from 10:00 am Baku time. The gas supply was suspended to eliminate gas leakage, occurred at the 356 kilometer of the pipeline.
An agreement on building a gas liquefaction terminal in Georgia is to be signed in Bucharest on April 13th. According to the Georgian Energy Ministry the agreement will be signed by the energy ministers of Azerbaijan, Romania and Georgia.
Today the Russian company 'Gazprom' officially opened the construction of the pipeline Nord Stream. The pipe will be placed on the bottom of tha Baltic sea. It will start from Vyborg and lead to Greifswald in Germany. Its length will be about 1200 km.
The next batch of fuel for the Bushehr nuclear power plant is ready and will be transport to Iran a year after the start of the reactor, said president of the TVEL corporation Yuri Olenin, according to RIA Novosti. "The next batch of fuel be needed a year after the launch of the reactor, and if it is launched this year, the fuel will be delivered in 2011", Olenin said. The first batch for launching the reactor was delivered in Iran in 2007.
The price of oil rose as high as $86.57 a barrel on the New YorkMercantile Exchange on Monday as economic data spurred optimism thatfuel demand will increase as the economy rebounds, reports Bloomberg. At 18.28 MT crude oil for May delivery increased $1.56, or 1.8percent, to $86.43 a barrel on the New York Mercantile Exchange. Brentcrude oil for May settlement rose $1.61, or 1.9 percent, to $85.62 abarrel on the London-based ICE Futures Europe exchange.
Mohammed Roayan, the head of the Iranian Committee for Transport and Fuel said that his country is able to become achieve entire self-sufficiency in supplies of fuel and combustive-lubricating products this year. He said that under normal circumstances Iran would be unable to achieve self-sufficiency this year, but if sanctions are imposed on imports of fuel in the Islamic republic, sharp increase in production of gasolinr during a quarter is quite achievable, reports MIGnews.
