Caspian Barrel

Eni granted new exploration license offshore Egypt
14/08/2018
Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile [...]
Convention on status of the Caspian Sea: Document review
13/08/2018
On August 12, the Presidents of Russia, Kazakhstan, Iran, Azerbaijan and Turkmenistan signed the Convention on the status of the [...]
Under new Convention, Caspian not to be sea or lake
10/08/2018
The Caspian Sea on the Convention on Legal Status, which is expected to be adopted at the Caspian summit in Aktau on August 12, [...]

SOCAR to buy assets of Germany’s EWE in Turkey
15/08/2018
The German giant EWE AG company is preparing to withdraw from the energy market of Turkey and to sell its share in gas [...]
The first MIT Global Startup Lab Azerbaijan Demo Day was held
13/08/2018
On August 9, 2018, the first MIT Global Startup Lab (GSL) Azerbaijan Demo Day organized with the support of SOCAR AQS, took place [...]
Star Refinery expected to generate annual profit of $500mn
10/08/2018
The annual profit from the activities of the Star refinery in Turkey, built by SOCAR Turkey Energy, will be $ 500 million per [...]

Russian natural resources ministry admits sanctions are biting on natural gas projects
19/08/2018
Sanctions against Russian oil and gas industry have complicated new gas projects development in the country, especially offshore [...]
Lukoil 1H2018 production up
15/08/2018
In the first half of 2018 LUKOIL Group’s hydrocarbon production excluding West Qurna-2 project was 2,287 thousand boe per [...]
Nord Stream 2 receives all permits in Russia
14/08/2018
Nord Stream 2 AG, the developer of a pipeline to supply Russian natural gas to the EU market through the Baltic Sea, today [...]

KMG EP announced a programme to repurchase its preferred shares from the KASE
14/08/2018
JSC KazMunaiGas Exploration Production announces that the Board of Directors of KMG EP has approved the programme to repurchase [...]
Gas chemical complex with Chinese capital to be built in Kazakhstan’s Aktau
09/08/2018
Kazakhstan’s KazAzot JSC and China’s Inner Mongolia Berun Holding Group Co. Ltd will build a gas chemical complex worth over [...]
Investments in the Kalamkas-Sea deposit are estimated at $70bn
27/07/2018
The investment package for development of the North Caspian Operating Company (NCOC, Kashagan operator) of the Kalamkas Sea field [...]

The TAPI pipeline could obtain a branch in China
15/08/2018
China is studying the possibility of building a branch of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline from [...]
The next Caspian summit will be held in Turkmenistan
14/08/2018
The VI Summit of the heads of the Caspian States is scheduled to be held in Turkmenistan. This is stated in the document adopted [...]
Turkmen ecologists make ecological monitoring of existing facilities
09/08/2018
Specialists of environmental protection department of Scientific and Research Institute of Natural Gas of the State Concern [...]

First 50ml gasoil tanker Berthed at Chabahar port
14/08/2018
Iran has modified Jetty 5 of Chabahar Port so that it can berth gasoil carriers of up to 50 million liters of capacity. The first [...]
Zangeneh sends letter of complaint to OPEC on JMMC fault
08/08/2018
Iranian Minister of Petroleum Bijan Zanganeh send a letter to Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of [...]
Iran reports increase in oil exports by 8.8%
06/08/2018
The volume of oil exports from Iran averaged 2.3 million barrels per day (b/d) for the four months of this year on the Iranian [...]