Statoil

6 Oct 2014 in 0:05

World press on Russia's foreign policy and the sanctions imposed on the country (October 1-3, 2014)

The Financial Times published an article by Gillian Tett headlined "The hidden cost of freezing Russia out of finance." According to the author, the international banking system SWIFT has recently reported that the EU and the US are pressuring the network to suspend its cooperation with Russian banks. The system is not willing to give up and is going to issue a special statement, the article reads.

30 Sep 2014 in 11:59

Resources, technologies and finances are the three pillars of the Russian energy economy

Gennady Shmal thinks

20 Sep 2014 in 16:11

Azerbaijan marks 20th anniversary of Contract of the Century

The 20th anniversary of the Contract of the Century and the Southern Gas Corridor groundbreaking ceremony started in Baku on September 20,

18 Sep 2014 in 21:28

Bulgaria wants to import Azerbaijani gas from 2016

 Discussions on starting the supply of Azerbaijani gas to Bulgaria from 2016 will be held during the visit of Bulgarian President Rosen Plevneliev to Azerbaijan on Sept.20, Bulgarian media outlets reported on Sept.18.It is planned to …

17 Jul 2014 in 13:46

SOFAZ earns about $103 billion from ACG

 The State Oil Fund of Azerbaijan (SOFAZ) earned $102.812 billion exploiting the Azeri-Chirag-Guneshli Field (ACG) from early 2001 to July 1, 2014, and $7.78 billion more from January 1 to July 1, 2014, Trend reports.The ACG contract was …

5 Jun 2014 in 10:57

TANAP to be launched in 2018

The Trans-Anatolia Pipeline (TANAP) to transport Azerbaijani gas to Europe through Turkey will be launched in mid-2018, said Khoshbakht Yusifzadeh, vice president of the State Oil Company of the Azerbaijan Republic (SOCAR) for geology, …

18 Dec 2013 in 22:30

Expert comments on Statoil's decision to sell its share in Shah Deniz

Norwegian company Statoil's decision to sell its 10-percent share in the Shah Deniz project announced yesterday was a surprise for many. Vestnik Kavkaza discussed the move with the head of the Baku Centre for Oil Research, Ilham Shaban.

17 Dec 2013 in 12:03

Decision taken on Shah Deniz-2

Prime Ministers Irakly Garibashvili (Georgia), Enrico Letta (Italy), Edi Rama (Albania), British Foreign Secretary William Hague, European Commissioner Gunther Oettinger and officials of international companies developing the Shah Deniz Field took part in the signing of the final investment decision for the Shah Deniz-2 project in Baku yesterday.

10 Dec 2013 in 15:42

Turkey may increase TANAP share

Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR), said today that Turkey may increase its share in the TANAP project, Trend reports.Turkey may increase its share with the help of shares offered to …

6 Dec 2013 in 11:10

Iranian petroleum minister and Eni head discuss cooperation prospects

Iranian Petroleum Minister Bijan Namdar Zanganeh and Eni Chief Executive Paolo Scaroni have discuss prospects of cooperation after ease of anti-Iranian sanctions, Trend reports.Eni plans to intensify activities in Iran, according to Scaroni. He discussed assistance Iran my offer for the company. Zanganeh had said earlier that Total (France), Shell (UK), Eni (Italy) and Statoil (Norway) had been willing to return to the Iranian energy industry. Zanganeh had also met officials of OMV AG (Austria) and Shell to discuss cooperation.

5 Dec 2013 in 21:51

SOCAR: no new partners to join TANAP

A board member of the Petrochemical Holding Petkim, the head of SOCAR Turkey Enerji, Kenan Yavuz, said today at a press conference held in the framework of the Caspian forum that SOCAR is not negotiating with any new companies on …

23 Oct 2013 in 14:12

Azerbaijani president meets Statoil CEO

Azerbaijani President Ilham Aliyev met Statoil CEO Helge Lund today, Trend reports.Lund congratulated Aliyev on winning the presidential polls of October 9.The sides noted that the State Oil Company of the Azerbaijan Republic (SOCAR) and …

21 Oct 2013 in 13:02

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?

17 Oct 2013 in 11:05

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.

1 Oct 2013 in 13:15

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.

19 Sep 2013 in 19:26

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.

4 Sep 2013 in 15:32

TAP does not rule out Nabucco West realization – Azerbaijani minister

Azerbaijani Minister for Industry and Energy Natig Aliyev said today that the choice of the Trans-Adriatic Pipeline to deliver gas from Shah Deniz (1.2 trillion cubic meters of gas reserves) to Europe did not rule out realization of the Nabucco West project, Trend reports.He expressed confidence that Azerbaijan will extract 40 billion cubic meters of gas a year after 2020.

2 Sep 2013 in 11:49

Turkey to purchase TAP share

Botas (Turkey) plans to purchase a share of 15% in the Trans-Adriatic Pipeline (TAP) project, Trend cites Turkish Minister for Energy and Natural Resources Taner Yildiz.He noted that Nabucco had not lost its significance, especially in the light of the EU’s need for gas. He said that Nabucco and the TAP were not competitors and could be parallel projects.

30 Jul 2013 in 13:37

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.

10 Jul 2013 in 11:18

SOCAR and Statoil discuss exploration of Zafar-Mashal

 President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev met Statoil Vice President for Eurasia Torgeir Kydland in Baku yesterday and discussed development of the Shah Deniz Field, Azeri-Chirag-Guneshli Field and TAP construction to transfer Azerbaijani gas to Europe, abc.az reports.Special attention was paid to exploration of the Zafar-Mashal block in the Caspian Sea.