Azerbaijan | Egypt Oil & Gas - Part 3

Iran to Swap Oil with Caspian Sea States

An official with the Iranian Oil Terminals Company (IOTC), Hamid Reza Shadoust, said Iran can swap up to 120,000 b/d of crude oil, which can be enhanced to over 1.5 mb/d in the future, with its northern neighbors at N...

Azerbaijan to Deliver Gas to Europe

Azerbaijan’s Energy Minister, Natig Aliyez, has announced that the country’s natural gas field, Shahdeniz field, situated in the South Caspian Sea, contains sufficient volumes of gas reserves to meet energy demand of ...

Indian ONGC Videsh to Trade Crude Jointly with SOCAR

Indian ONGC Videsh (OVL), the overseas arm of the state-run explorer Oil and Natural Gas Corporation (ONGC), signed a Memorandum of Understanding (MoU) with SOCAR Trading, the trading arm of Azerbaijan’s governm...

Southern Gas Corridor ‘On Time’, BP Exec

The Southern Gas Corridor, a project of pipelines which will transport gas from the Shah Deniz field in Azerbaijan to European markets for the first time in history, is running on time and on budget, a BP senior execu...

Azerbaijan Seeks To Buy More Russian Gas

Azerbaijan’s state oil company SOCAR has put forward a proposal to Russia’s Gazprom for purchasing 3 to 5bcm of gas a year, SOCAR President Rovnag Abdullayev told reporters according to Trend. “Curre...

Azerbaijan, Armenia Sign Ceasefire Deal over Nagorno-Karabakh

The foreign ministers of Russia and Iran have joined efforts to prevent a new war between Azerbaijani and Armenian forces over Nagorno-Karabakh, where both sides have accused the other of violating a two-day-old cease...

Azeri SOCAR to Reconstruct Baku Oil Refinery

The State Oil Company of Azerbaijan (SOCAR) and KBR, the American engineering, procurement, and construction company, will create an ad hoc group of experts for the management of the reconstruction work of the Baku Oi...

Georgia Sees No Need for Iranian Gas after Azeri Deal

Georgia will not import gas from Iran after having signed agreements for increased gas supplies with Azerbaijan’s state oil company SOCAR at the beginning of March, Iranian Oil & Gas reported. Georgian Deput...

Egypt Secures Crude Refining Deal with Azerbaijan

The Egyptian government and Azerbaijan have reached an agreement on refining 500,000 barrels of crude oil per month in the Egyptian refineries and exchanging Egypt’s naphtha with petrol 95, reported Al Mal newspaper. ...

Georgia Negotiating Increase in Azeri Gas Imports

Georgia hopes to reach an agreement with Baku to increase volumes of Azeri gas imported to the country by additional 400-500mcm/year, Georgia’s Energy Minister, Kakha Kaladze, said, Trend News Agency reported. G...

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