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Energy news
Bulletine Energy 

2017 August 02 ( Wednesday )  11:42:39
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SOCAR Did Not Ship Oil from Novorossiysk in July

Baku/02.08.17/ Turan: SOCAR shipped 733,664 tons of oil exported via the Baku-Novorossiysk pipeline from Novorossiysk in January-July 2017.

As reported by Turan with reference to the press service of SOCAR, in January-July 2016 the State Oil Company shipped 559,065 tons of raw materials from Novorossiysk. Thus, since the beginning of this year, the volume of shipment has increased by 31.2%.

At the same time, in July 2017 SOCAR did not ship oil from the port of Novorossiysk.

The agreement between Transneft and SOCAR provides for the Baku-Novorossiysk pipeline to pump about 1.5 million tons of Azeri oil in 2017.

In 2016 SOCAR shipped 1,217,799 tons of oil from Novorossiysk.

Azerbaijan has been transporting its oil via the Baku-Novorossiysk pipeline since 1997. -12D-

SOCAR Cut Shipment of Ceyhan Oil by 4% in January-July

Baku/02.08.17/ Turan: The State Oil Company of Azerbaijan (SOCAR) shipped 9 million 667,066 tons of Azerbaijani oil from the Ceyhan oil terminal in the first seven months of 2017.

According to the press service of SOCAR, in January-July of 2016 SOCAR shipped 10 million 105,879 tons of oil from Ceyhan. So the volume of shipment decreased by 4.4% in January-July 2017.

In July, the company shipped 1 million 540,751 tons of Azerbaijani oil from the terminal in Ceyhan.

According to SOCAR, in July Brent oil was sold in the world markets at an average price of $ 48.56 per barrel (in June - $ 46.53), Urals - $ 47.92 per barrel (in June - $ 45.97 per barrel), and Grade BTC FOB Ceyhan - $ 49.34 per barrel (in June - $ 47.51 per barrel).

* SOCAR shipped 16 million 784,975 tons of Azeri oil from the Ceyhan oil terminal in 2016. -12B

SOCAR Increased Oil Supplies through Supsa Terminal by 6%

Baku/02.08.17/ Turan: SOCAR exported 1 million 579,673 tons of Azerbaijani oil transported via the Baku-Supsa pipeline in January-July 2017 from the port of Supsa.

As reported in the press service of SOCAR, for seven months of 2016, 1 million 491,744 tons of oil was exported via Supsa. Thus, in January-July, 2017 SOCAR oil shipment from the port of Supsa increased by 5.9%.

In July 2017 the company shipped 264,489 tons of oil from Supsa.

In 2016, SOCAR exported 2 million 383,854 tons of oil from Supsa.

* The Baku-Supsa oil pipeline was put into operation on April 17, 1999. The length of the pipeline is 837 km, and the diameter is 530 mm. The pipeline currently has a capacity of 5 million tons of oil per year. It supplies oil extracted from the Chirag field (operator - BP). -12B

Azerenergy to Build New TPP Sangachal-2

Baku/02.08.17/ Turan: Azerenergy OJSC plans to build a new thermoelectric power plant in the Sangachal settlement of the Garadagh district of Baku.

It should be noted that in Sangachal there is already one modular thermoelectric power plant with a capacity of 300 MW. The projected station Sangachal-2 will become more powerful - 385 MW.

Azerenergy has already started preparing a report on the assessment of the impact of this project on the surrounding and socio-economic environment. Then this report will be submitted to the international financial institutions for project lending.

According to Azerenergy, the construction of the Sangachal-2 power station will allow the growing needs of the capital and the Absheron peninsula for electric power to be provided in fuller scope.

During the construction of the station, it is planned to use the most up-to-date technological equipment of the Finnish company Wartsila.

The station will operate exclusively on natural gas. In addition, the cooling system of the new station will be a closed type, which is efficient from an economic point of view. The new station will employ up to 100 people. -12B-

Oil Transportation by CPC to Decrease in 2017

Baku/02.08.17/ Turan: The Caspian Pipeline Consortium (CPC) is likely to pump less than the planned 65.7 million tons of oil in 2017, Interfax was told in the press service of the CPC.

"This is due to the fulfillment of applications by shippers, including in the framework of the OPEC+ agreement," the consortium explained.

At the same time, the CPC did not specify which currently projected volume of supplies is expected in the whole for the year.

"According to the shippers" latest requests, we expect an increase in shipments in September. They may exceed 5 million tons, and this month they are below this figure, while in December 2017 the CPC can reach the maximum volume of monthly shipment - slightly more than 6 million tons," the press service added.

Note that the CPC planned to increase oil pumping to 65.7 million tons in 2017, compared with 44.3 million tons in 2016. Of these, 54 million tons were to come from Kazakh producers, and 11 million tons - from Russian producers.

Meanwhile, according to the results of 7 months of 2017, only 31.7 million tons was pumped through the CPC. In July, exports through the terminal of the consortium amounted to 4.5 million tons, and the maximum transshipment volume was fixed in March - 4.9 million tons.

At the same time, as part of the expansion, the consortium plans to put into operation two more facilities in August, as well as one in the fourth quarter of 2017, which will increase the capacity of the system.

* The CPC pipeline connects the oil fields of the west of Kazakhstan with the sea terminal in Novorossiysk. Its length is 1,511 km. In 2017, the CPC will complete the expansion project, which will increase the capacity of the pipeline to 67 million tons of oil per year. -0

Iran Weakens Dependence on Turkmen Gas

Baku/02.08.17/ Turan: Yesterday in Iran, the official ceremony of commissioning the 170-km-long Damgan-Kiasar-Sary gas pipeline began. The daily throughput capacity of the gas pipeline is 40 mcm of gas (14.6 bcm per year - Ed.).

The Minister of Petroleum Industry of Iran Bijan Zangane and other officials of the country participated in the ceremony.

According to the Ministry of Oil of the Islamic Republic, the cost of the project is $ 250 million. The project is fully funded from local companies.

The gas pipeline will help reduce Iran's dependence on Turkmen gas imports.

Thus, the main gas pipeline will allow transportation of gas to six northern provinces of Iran (Semnan, Golestan, Mazandaran, North Khorasan, Khorasan Razavi, and South Khorasan).

Turkmenistan has stopped gas supplies to Iran since January 2017 because of Iran's debt of $ 2 billion.

According to the Iranian Ministry of Oil, in 2016 Iran imported from Turkmenistan about 5.86 bcm of gas (a 53% decrease compared to 2015). -0-

OPEC Increased Output in July - JBC Energy

Baku/02.08.17/ Turan: OPEC countries increased oil production by 210 thousand barrels per day in July compared to June - up to 32.87 million b / d, Bloomberg reports with reference to the report of the consulting firm JBC Energy.

OPEC wrote in its report that in June its production amounted to 32.611 million b / d, including Equatorial Guinea, which entered the cartel in late May (its production in June amounted to 170 thousand b / d). The report for July will be published on August 10.

The production in Libya increased by 150 thousand b / d in July - up to 1 million b / d, while the oil production in Nigeria increased by 40 thousand b / d and reached 1.7 million b / d. The extraction of oil in Saudi Arabia increased by 10 thousand b / d - up to 10.08 million b / d. Taking into account the presented data, Saudi Arabia exceeded its production quota within the framework of the OPEC+ arrangements.

In June, the cartel already exceeded the quota set at the end of November 2016 - 32.5 million b / d. -0-

UAE to Reduce Oil Exports by 10% in September

Baku/02.08.17/ Turan: The United Arab Emirates is ready to reduce the export of all sorts of its oil by 10% in September. The UAE Minister of Energy Suheil al-Mazrui said on his Twitter page that this would happen within the framework of the OPEC+ deal on reducing production. -0-