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Azeri SOCAR to borrow $20 billion to boost exports to Europe

May 22, 2013 07:32
By Lada Evgrashina BAKU (Reuters) - Azeri state energy firm SOCAR plans to borrow more than $20 billion over the next five years to finance energy projects to help boost gas exports to Europe, a challenge to plans by neighboring Russia. SOCAR, one of the world's oldest oil companies, wants to send gas to Europe, hoping to capitalize on a desire in European capitals to diversify their supply from Russia after Moscow's "gas wars" with Ukraine disrupted supplies in 2006 and 2009.

Azeri song by Somalian student!

April 15, 2013 17:16
Azerbaijan has been making such huge progress in the past decade that every time I travel here, I have difficulty recognizing this place and I regret not following this country more closely.The last time I came here was because of President Abdullah's Gul's official visit. This time, I came to attend the Davos meeting on April 7-8. I can hear you asking, “Isn't Davos in Switzerland?” True, the actual address of the famous Davos meeting held by the World Economic Forum is in Switzerland.

Jacket for new platform sailed away

April 15, 2013 16:32
The Azerbaijan International Operating Company (AIOC) is pleased to announce that the jacket for the West Chirag platform built as part of the Chirag Oil Project (COP) sailed away yesterday from the Heydar Aliyev Baku Deepwater Jackets Factory (BDJF) for offshore installation, the company said, Trend reported.The jacket transportation, launch and installation activities have been carefully planned and are expected to take 45 days to complete, including allowance for the weather conditions.The West Chirag jacket is the heaviest jacket ever built in the Caspian and it was fully

Caspian countries discuss draft agreement on conservation and use of biological resources

April 12, 2013 15:46
Ashgabat is hosting a meeting of representatives of the competent authorities of the Caspian states to discuss a draft agreement on conservation and sustainable use of biological resources of the Caspian Sea on April 11-12.The meeting has been organized by the Turkmen Foreign Ministry and the State Enterprise for the Caspian Sea under the President of Turkmenistan.

Turkmenistan, EU to step up energy talks

April 12, 2013 15:46
Turkmenistan plans to hold several meetings with EU officials, the Turkmen government said on Wednesday, reported Trend.This issue was discussed at a government meeting in Ashgabat.

Vietnam intends to extend cooperation with Azerbaijan in oil industry

April 12, 2013 14:17
Ali Ahmedov Economics. SOCAR (State Oil Company of Azerbaijan) President Rovnag ABdullayev has received delegation led by Vietnam’s Deputy Foreign Minister Nguyen Phuong Nga.According to APA-Economics, SOCAR President noted that the friendship relations between Azerbaijan and Vietnam have rich history. Azerbaijani oilers played an important role in Vietnam’s oil gas and industry.In turn, Nguyen Phuong Nga said that she visited Azerbaijan for the first time but this country is known in her country.

Quake hits Azerbaijani sector of Caspian Sea

April 12, 2013 14:03
Kamala Guliyeva; A quake hit the Caspian Sea. The Republic Center of Seismic Service of Azerbaijan National Academy of Sciences (ANAS) told APA that the quake was recorded in the Caspian Sea 124 km north from Gusar on April 12 at 05:20. 3,00-magnitude quake occurred in the depth of 25 km was not felt.Azeri-Press news agency

Total-Azerbaijan’s general manager: “Probably, first gas will be transported from Absheron gas field in 2020”

April 11, 2013 04:45
Shamil Alibayli; “As you know, Total made a discovery of “Absheron” gas oilfield more than a year ago and we finished drilling well in September 2012 and since then we are preparing for the development of this gas discovery”, said the Total E&P Azerbaijan general manager Christian Giudicelli.Giudicelli noted that first gas from Absheron gas field will take place most likely in 2020: “We plan to produce at the first phase between 3 and 5 bcm of gas per year”.Touching upon a protocol signed between Baku Higher Oil School and Total, Giudicelli noted that this is a part of ou

Azerbaijan reduces crude oil export

April 3, 2013 13:32
In March, 2013, Marketing and Economic Operations Department of the State Oil Company of Azerbaijan’s has exported 159,584,000 tonnes of crude oil through Novorossiysk port (Black Sea, Russia), 238,266,000 tonnes - through Supsa (Black Sea, Georgia), 1,414,761,000 tonnes - through Ceyhan (Mediterranean Sea, Turkey).According to SOCAR, in January-March, 2013, totally 411,339,000 tonnes of crude oil were exported through Novorossiysk, 799,202,000 tonnes - through Supsa and 4,586,913,000 tonnes - through Ceyhan, appropriately down 17.

Iran, Pakistan leaders inaugurate gas pipeline project

March 11, 2013 07:46
The presidents of Iran and Pakistan on Monday inaugurated the construction of a much-delayed section of a $7.5 billion gas pipeline linking the two neighbours, Iranian media reported. The project was launched at a ceremony on the Iran-Pakistan border attended by Iranian President Mahmoud Ahmadinejad and his Pakistani counterpart Asif Ali Zardari, the reports said.
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