The outgoing year was a time of increasing international interest in Azerbaijan's energy projects, the head of the 'Caspian Barrel' Center for Oil Research Ilham Shaban told Vestnik Kavkaza, summing up the …
Azerbaijani President Ilham Aliyev has received a delegation today led by the Executive Vice-President of Development and Production International at Statoil Company, Lars Christian Bacher. …
Norwegian oil and gas company Statoil admitted that anti-Russian sanctions seriously damaged its business in Russia. It doubts that it will be able to implement the projects launched in the country, company's annual report says. …
Iran has emerged as a swing oil supplier for Turkey in 2016, enabling Ankara to significantly reduce the amount of crude oil purchased from Russia. Iran has been able to play this vital role for Turkey because of the remarkable jump in Iranian …
According to BrandFinance, only four Russian companies have been included in the top 500 most valuable brands – Sberbank, LUKOIL, Gazprom and MTS. Such retailer networks as Magnet and the MegaFon mobile operator were not included, …
Norway's Statoil will sell its interest in the Trans-Adriatic Pipeline (TAP) project to the Italian Snam company for 208 million euros, Statoil stated in its report. This amount is for 20% of Statoil’s share in TAP and its …
The situation in the industrial sector of the North Caucasus is better than in Russian average
Snam elaborates its plans to join the consortium of the Trans Adriatic Pipeline project
French company Total withdrew from the Shtokman project by selling its 25% in Shtokman Development AG to Gazprom. Now the Russian gas corporation owns all 100% shares. The corresponding transaction was carried out on July 7. …
Turkey intends to acquire a share in the Trans-Adriatic Pipeline (TAP), a source in the Turkish government said. The source said the acquisition of a share in the TAP is a historic chance for Turkey, and Ankara is not going to miss it, …
Norway's Statoil will sell its 20% stake in the Trans Adriatic Gas Pipeline (TAP) project, the President of SOCAR Rovnag Abdullayev said. According to him, there is a company which is ready to buy its stake. "Several companies …
Ukraine plans to buy at least 50% of its gas from the EU, Ukrainian Prime Minister Arseniy Yatseniuk told the Verkhovna Rada.
Khoshbkht Yusifzadeh, the first vice president of the State Oil Company of the Azerbaijan Republic (SOCAR), said at the presidium of the Azerbaijan National Academy of Sciences that the company will increase oil extraction by optimizing the process. He explained that most extraction was conducted at a depth of 6,000-7,000 meters, where finding oil was unlikely. There are gas condensate wells with 240 million tons of condensate reserves.
SOCAR (State Oil Company of Azerbaijan) has joined the World Bank’s 'Zero Routine Flaring by 2030' Initiative.
Western press softens rhetoric toward Moscow
The Board of Directors of Statoil has appointed Eldar Saetre as the president and CEO of the Norwegian oil and gas group, the press service of the company reported. Statoil is one of the most important European partners of "Rosneft". In particular, the companies have been implementing joint projects to develop sites in the Sea of Okhotsk and the Barents Sea since last year.
Iran has put into operation the 15th and 16th out of 28 plots of world's largest gas field "South Pars" in the Persian Gulf, said the commander of the construction and reconstruction unit of the military-industrial complex corporation 'Khatam al-Anbiya', belonging to the elite Iranian military unit 'The Army of the Guardians of the Islamic Revolution", Brigadier-General Ebadollah Abdollahi.
Frankfurter Allgemeine Zeitung: the end of U.S. shale oil?Orhan Sattarov, head of the European Bureau of Vestnik KavkazaThe collapse of oil prices on the world market threatens to disrupt the American "shale boom," the influential …
World press on the oil industry in Russia (October 27-29, 2014)"The ‘Russification’ of Oil Exploration" reads the title of the article by Andrew Kramer published by the New York Times."Rather than throw in the towel in the face of …
Petronas (Malaysia) will sell 15.5% of shares in Shah Deniz, 15.5% in the South Caucasus Pipeline Company (SCPC) and SCPC Holding Company managing the South Caucasus Pipeline project and 12.4% of Azerbaijan Gas Supply Company (AGSC) to Statoil (Norway).
