Ay: Oktyabr 2013

The changing global gas market
İnteresting News

The changing global gas market

It is impossible to understand the outlook for energy prices – internationally or at the domestic level – without looking carefully at what is happening in the gas market. The simplistic assumption is that because demand is rising, prices must also increase inexorably. This assumption underpins a lot of official forecasts and the business plans of some optimistic producers. The […]

Oil majors hit by overcapacity in refining
İnteresting News

Oil majors hit by overcapacity in refining

Gloom in the global refining industry is hurting the world’s largest oil companies, with Royal Dutch Shell, Total and ExxonMobil all blaming poor third-quarter earnings on a slump in their refining business. Shell’s results were the most disappointing, with profit falling 32 per cent to $4.5bn. Total saw a 19 per cent decline to €2.72bn, while Exxon’s fell 18 per […]

88.7 billion cub.m. of associated gas extracted during period of ACG field operation
Materials

88.7 billion cub.m. of associated gas extracted during period of ACG field operation

Since the commencement of development of the Azeri-Chirag-Guneshli (ACG) field till October 2013 318 million tons of oil was delivered to the world markets, Khoshbakht Yusifzada, First Vice-President of State Oil Company of Azerbaijan (SOCAR), said at the seminar “Days of Norway in Baku.” He added that at present daily oil production on ACG totals 90,000-100,000 tons of oil and […]

Italian energy regulator approves TAP access exemption
İnteresting News

Italian energy regulator approves TAP access exemption

Italy’s energy authority has exempted the Trans Adriatic Pipeline (TAP) from an obligation to give third parties access to the pipeline, it said in a statement on Monday. The authority reserved the right to decide differently should a temporary need arise. Shareholders in the TAP pipeline, which will collect Azeri gas in Turkey and carry it across Greece and Albania […]

2014-də yanacaq və elektrik bahalaşması büdcədə
Azərbaycan

2014-də yanacaq və elektrik bahalaşması büdcədə

2014-cü il üçün Azərbaycanın dövlət büdcəsində kəsir rekord həddə proqnozlaşdırılıb – 1 milyard 679 milyon manat və ya hazırkı kursla $2,14 milyard. Maraqlıdır ki, hökumət parlamentə hələlik bir məlumat verməyib ki, indiyə qədər görünməmiş bu həcmdə büdcə kəsirini hansı mənbələrin hesabına ört-basdır etmək fikrindədir.Qeyd edək ki, cari ilin büdcə proqnozlarına görə də dövlət büdcəsinin kəsiri var, ancaq cəmi 691 milyon […]

AMEA is represented at the Oil&Gas Conference in Kazakhstan
Materials

AMEA is represented at the Oil&Gas Conference in Kazakhstan

Geology Institute of the National Academy of Sciences of Azerbaijan has sent its employee as a delegate to the Conference “Ecology and Oil&Gas complex”. According to AMEA, the Academy will be represented by Galib Aliyev, the Head of the Well Drilling Technology Department of the Geology Institute. He will make a report on disposal of formation waters produced in the […]

During 9 months Russia reduced gas deliveries to Armenia by 3.7%
Russia

During 9 months Russia reduced gas deliveries to Armenia by 3.7%

From January to September 2013 Russia reduced gas deliveries to Armenia by 3.7% against the same period last year to 1,272,000,000 cub.m., reported ArmRosgasprom. During 9 months, 2013 gas sale decreased by 0.5% to 1,122,000,000 cub.m. Armenian energy sector reduced natural gas consumption by 14.9% against last year to 112,800,000 cub.m., while its population – by 8.7% to 361,700,000 cub.m. […]

World Petroleum Congress 2017 to hold in Istanbul
İnteresting News

World Petroleum Congress 2017 to hold in Istanbul

Turkey win the right to hold World Petroleum Congress 2017 by results of secret voting gaining majority percent of the votes, representatives of turkish delegation in Calgary reported. The applications for the right to hold the event was submitted by the U.S. (Houston), Kazakhstan (Astana) and Copenhagen (Denmark). World Petroleum Congress (WPC) is the most important event in the oil […]

Non-OPEC supply outlook for 2014
İnteresting News

Non-OPEC supply outlook for 2014

Non-OPEC supplies look set for another year of robust growth in 2014, led once again by North America, where the production of oil from shale formations and Canada’s oil sands is booming. North Dakota’s oil production surpassed 900,000 bpd in August, with 850,000 bpd coming from the Bakken formation, and is expected to reach 1 mbpd by the end of […]

Croatia, Hungary, Ukraine to create TAP
İnteresting News

Croatia, Hungary, Ukraine to create TAP

Croatia, Hungary and Ukraine agreed to expand their existing pipelines to create a corridor that will carry natural gas through the three countries and connect to the planned Trans-Adriatic Pipeline in Europe’s south. “The new infrastructure will enable us to send gas to eastern European markets,” Croatian Deputy Foreign Minister Josko Klisovic said by phone in Zagreb, adding the countries’ […]