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Energy news
Bulletine Energy 

2017 June 29 ( Thursday )  10:39:24
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Five SOCAR Employees Suffered During Seismic Survey

Baku/29.06.17/ Turan: Five employees of SOCAR received various injuries during seismic exploration at the oil and gas production department (OGPD) named after N. Narimanov, reports the State Oil Company.

"On June 28 at approximately 13:50 local time, the staff of the Department of Geophysics and Geology during the seismic exploration work at OGPD Narimanov on the boat Arya 141 of the Caspian Shipping Company of Azerbaijan lost control and collided with the base of Site No. 34," SOCAR said.

As a result of the incident, five of the seven people in the boat were injured.

"All the victims were taken to City Hospital No.1. At present, the causes of the incident are being clarified," SOCAR stressed. -12D

Head of SOCAR and Georgian PM Discuss Cooperation Issues

Baku/29.06.17/ Turan: Rovnag Abdullayev, the President of the State Oil Company of Azerbaijan (SOCAR), made a working visit to Georgia, within the framework of which he met with Georgian Prime Minister Georgi Kvirikashvili, the press service of SOCAR reported.

"Within the framework of the working visit to Georgia, SOCAR President Rovnag Abdullayev discussed issues of cooperation with Prime Minister Georgi Kvirikashvili," the report said.

Abdullayev also took part in the opening of a number of social facilities in the places of compact settlement of Azerbaijanis in the Gardabani district of Georgia. -12D

TAP Announces New Management Team

Baku/29.06.17/Turan: Trans Adriatic Pipeline AG (TAP) announced the appointment of Luca Schieppati as Managing Director and Walter Peeraer as President, both starting on 27th June 2017.

Luca Schieppati will replace the current Managing Director Ian Bradshaw. He joins TAP from Snam, Europe"s largest natural gas utility, where he has worked since 1991. His most recent position was chief industrial assets officer of Snam as well as managing director at Snam Rete Gas S.p.A, the Group"s subsidiary managing 32,500-kilometre natural gas pipeline network in Italy. Schieppati brings 26 years of experience in the development and management of pipelines, plant construction, and the operation and maintenance of gas transmission and distribution companies in Italy and Europe.

Peeraer joins TAP as the former Managing Director and Board Member of Fluxys S.A, the Belgian-based European gas transmission assets management company. Within Fluxys, Peeraer also held various senior positions including Chief Executive Officer of Fluxys Belgium. Having left Fluxys in 2016, Peeraer brings more than 30 years of experience in the European utilities and gas sector and has extensive knowledge of European gas markets, regulations and infrastructure. He is also a former TAP Board Member.

TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries. -0-

New Appointment at SOCAR Turkey Enerji

Baku/29.06.17/Turan: Murat LeCompte has been appointed as the Chief of External Affairs at SOCAR Turkey Enerji A.S., a subsidiary of Azerbaijan"s state oil company SOCAR in Turkey, the Turkish media outlets reported June 28.

According to the reports, LeCompte served as Chief External Affairs Officer at BP office in Turkey in 2006-2017. -0-

Due to Private Investments, Large Hydroelectric Power Plant Built in Georgia

Baku/29.06.17/ Turan: Adjaristskhali Georgia established by the Indian Tata Power and the Norwegian Clean Energy Invest completed the construction of the Shuakhevi HPP with an installed capacity of 187 MW in Georgia, on the Adjaristskhali River (Adjara Autonomous Republic).

One of the largest direct foreign investments in the amount of $ 416 million was implemented in the construction of the Shuakhevi HPP. The project was supported by the International Finance Corporation (IFC, the World Bank structure), the European Bank for Reconstruction and Development and the Asian Development Bank.

Shuakhevi HPP is the first of three HPPs whose cascade with a total capacity of 400 MW Adjaristskhali Georgia is going to build on the Adjaristskhali River. At the subsequent stages, Koromkheti HPP and Khertvisi HPP will be built. The total cost of the power cascade is estimated at $ 700 million.

According to the agreement between the Ministry of Energy of Georgia and investors, the HPP generated electricity will be sold in the domestic market of the country in winter, and in summer it will be exported, mainly to neighboring Turkey. -0-

President of Uzbekistan Receives Head of LUKoil

Baku/29.06.17/ Turan: President of Uzbekistan Shavkat Mirziyoyev and the head of the Russian LUKoil Vagit Alekperov, who arrived in Tashkent on a working visit, discussed yesterday the issues of implementing current and preparing promising projects in the oil and gas industry, the National News Agency of Uzbekistan (UzA) reported.

Particular attention was paid to new projects aimed at deep processing of produced natural gas, as well as interaction in the field of training highly qualified personnel for the industry.

The head of Uzbekistan noted the dynamically developing cooperation with the Russian company in the oil and gas sector.

At present, the geological study of the Ustyurt block and the development of oil and gas condensate fields of the South-Western Gissar are jointly carried out.

Work is under way to develop the deposits of the Kandym group with the construction of a modern gas processing complex, which, in the near future, will allow over 8 bcm of natural gas to be processed annually.

The first stage of the plant is planned to be commissioned in late 2017. The total investment in this project in the first phase is estimated at 3.3 billion dollars.

The head of LUKoil expressed readiness for further development of full-scale bilateral cooperation in the oil and gas sector.

As reported, LUKoil is working in Uzbekistan on the implementation of two projects on the basis of production sharing agreements (PSA) - Kandym-Khauzak-Shady and develops deposits of the south-western Gissar.

The accumulated volume of gas produced by the company in the republic exceeded 40 bcm. Within the first two projects, LUKoil plans to produce up to 18 bcm of gas by 2020, and raise investments to eight billion dollars.

To date, the total amount of LUKoil's investments in joint projects in the oil and gas sector of Uzbekistan is $ 6.3 billion.

According to BP, Uzbekistan in 2016 reduced oil production by 3.1% compared to 2015 - to 2.6 million tons, and increased gas production by 8.4% - to 62.8 bcm.

In 2016, the export of Uzbek gas amounted to 11.4 bcm, according to BP, including 5.6 bcm to Russia, 4.3 bcm to China, and 1.5 bcm to Kazakhstan. --0-

Iran Starts Exporting Natural Gas to Iraq

Baku/29.06.17/ Turan: Iran started exporting natural gas to neighboring Iraq, the National Iranian Gas Company reports.

The export of Iranian gas to the Iraqi capital of Baghdad began on June 21. At the beginning the delivery will be at the level of 7 mcm per day and will gradually reach 35 mcm per day.

The countries signed an agreement on gas supplies to Baghdad and Basra in 2013.

According to the BP statistical guide, the export of Iranian gas is currently carried out in two directions: to Turkey (7.7 bcm in 2016) and Armenia (0.7 bcm). -0