TAP Defeated Nabuco-West

TAP Defeated Nabuco-West The Shah-Deniz Consortium will announce the decision on the development of a pipeline to transport Shah-Deniz 2 natural gas to Europe on June 28, 2012. The BP-led group developing Azerbaijan’s vast gas reserves has chosen the Trans Adriatic Pipeline (Tap) via Greece to link to Europe, defeating the Nabucco West consortium, which had backed a route to Austria. The project reflects a European Union push for alternatives... Read More

International Conference on NATO and Energy Security

International Conference on NATO and Energy Security Energy security is becoming a priority of NATO policy at the present stage, and Azerbaijan – one of the most important partners of the Alliance in this area. This is the keynote opened the international conference: “Energy security in the Caspian region and NATO’s role in the protection of critical energy infrastructure.” The event was organized by the Azerbaijan... Read More

BP prepares plan for oil production from ACG for 2013

BP prepares plan for oil production from ACG for 2013 In continuation of discussions with the State Oil Company of Azerbaijan, BP completed the detailed review of productiveness of the ACG block of fields in Caspian Azeri sector.  The statement is contained in the press release of the BP company. “The aim of the review is the analysis of the plan of production supply for 2013 and revealing the ability to react to technical problems”, the message... Read More

New Area for Nabucco Project?

New Area for Nabucco Project? The Nabucco Political Committee-Meeting of the Nabucco Ministers of the Transit Countries convening in Vienna, Austria confirmed the full political support for the Nabucco Gas Pipeline Project and for the existing Intergovernmental Agreement giving comfort to investors and producers. Hosted by the Austrian Energy Ministry and attended by the Energy Commissioner Gunther Oettinger, the Bulgarian Prime Minister Boyko Borisov... Read More

Call for Participation; CESD Annual International Conference

Call for Participation; CESD Annual International Conference CESD is pleased to invite all interested scholars to participate at ”Ensuring energy security in the future and NATO role in protection of critical energy infrastructure in the Caspian basin” International Conference organized by the Center for Economic and Social Development (CESD) on November, 21st, 2012 with support of Embassy of Romania in Azerbaijan and NATO. Confirmed participant... Read More

BP seeks stake in pipeline to export Azerbaijani gas

BP seeks stake in pipeline to export Azerbaijani gas BP is interested in acquiring a significant share in the Trans Adriatic Pipeline (TAP) or Nabucco-West pipeline projects seeking to supply Azerbaijani gas to Europe, the company`s vice-president for development of Azerbaijan`s Shah Deniz gas field, Al Cook, was quoted as saying by Argus Media, a UK-based independent provider of market data and business intelligence. In late June, the consortium... Read More

OPEC revises up forecasts on Azeri oil output

OPEC revises up forecasts on Azeri oil output Azerbaijan`s average oil production will increase by 20,000 barrels per day to 0.97 million bpd in 2012, OPEC said in its June oil market report, an upward revision of 10,000 bpd from the previous month`s forecasts. The revision is the result of updated production data in the first quarter, as well as adjustments to the rest of the year, OPEC said. The oil cartel forecasts that Azerbaijan`s oil production... Read More

Azerbaijan’s key oil producer cuts daily oil output

Azerbaijan’s key oil producer cuts daily oil output In the 1st quarter of 2012 the BP–led consortium Azerbaijan International Operation Company (AIOC) decreased oil production from contract field block Azeri-Chirag-Gunashli in the Azerbaijani sector of the Caspian Sea by 0.8% compared to the 2011 average level. BP Azerbaijan informs that over the past quarter of 2012 the block produced on average 711,800 bpd against 717,600 bpd on average for... Read More

Is new gas field?

Is new gas field? Azerbaijan’s state energy company Socar will start drilling a new well at the major Umid gas condensate field in the Azerbaijani sector of the Caspian Sea by mid-2012, a source at the company told local news agency Trend on Monday. The process of drilling the third well will start in May or June 2012, the source said. “Work on drilling the second well has already completed, and after completion of development, drilling of the... Read More

EU schedules next meeting on Caspian gas supplies to Europe

EU schedules next meeting on Caspian gas supplies to Europe The next discussion on the Caspian gas supplies to Europe will be held in early March, the Energy Department of the European Commission said. “The next meeting on technical level will take place in early March,” Nicole Bockstaller, the press-officer of EU Energy Commissioner Guenther Oettinger, told Trend news agency via e-mail She added, that the negotiations with Azerbaijan... Read More

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