Tag Archives: hydrocarbons

Azerbaijan oil exports drop

MAY 15 2015 (The Conway Bulletin) – Oil exports from Azerbaijan in the first four months of the year fell by nearly 1%, Reuters quoted a source at the state statistics agency as saying. The source did not specify a reason for the decline although it came as a surprise, especially after an earlier statement from BP that its oil output for Q1 had risen.

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(News report from Issue No. 232, published on May 20 2015)

Investment rise in Turkmen gas

MAY 20 2015 (The Conway Bulletin) – At an energy conference, Suleymanmurad Guladov, a senior Turkmen energy official, said the government expected foreign investors to pump $3b into looking for gas reserves on its Caspian Sea shelf, Reuters reported. This is a rise from the $2.5b invested last year, Mr Guladov said.

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(News report from Issue No. 232, published on May 20 2015)

Uzbek foreign minister travelled to Brussels

MAY 18 2015 (The Conway Bulletin) – Uzbek foreign minister Suleymanmurad Guladov travelled to Brussels to meet EU officials, including Maros Sefcovi, the European Commission vice president in charge of energy policy. While no deals were signed, the meeting is a reminder of the growing relationship between Europe and Central Asia over energy.

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(News report from Issue No. 232, published on May 20 2015)

Uzbekistan boosts energy production

MAY 13 2015 (The Conway Bulletin) – Uzbekistan will increase oil and gas production by 9% in the next five years, Uzbekneftegaz the state oil and gas company, said. Media quoted Uzbekneftegaz representatives at a conference in Tashkent aimed at foreign investors.

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(News report from Issue No. 231, published on May 13 2015)

Uzbekistan to start gas refining

MAY 13 2015 (The Conway Bulletin) – Shokir Fayzullayev, head of Uzbekneftegaz, the Uzbek oil and gas company, said Uzbekistan intends to start an $18.65b investment project that will re-orientate its strategy for gas towards refining it rather than exporting it. Mr Fayzullayev said Uzbekistan wanted to add more value to its gas production.

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(News report from Issue No. 231, published on May 13 2015)

Austria talks of Turkmen gas

MAY 13 2015 (The Conway Bulletin) – In Vienna, Austrian president Heinz Fischer told Turkmen President Kurbanguly Berdymukhamedov that Austria wanted to buy Turkmen gas. Europe is trying to persuade Turkmenistan to send its gas west to Europe. Turkmenistan is looking for more clients for its gas.

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(News report from Issue No. 231, published on May 13 2015)

Turkmen gas exports rise

MAY 8 2015 (The Conway Bulletin) – Turkmenistan exported 6.5% more gas in the first quarter of this year than it did in the same period of 2014, media reported quoting government figures. It also produced around 5% more gas.

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(News report from Issue No. 231, published on May 13 2015)

Turkmenistan builds east-west gas pipeline

MAY 13 2015 (The Conway Bulletin) – Turkmenistan has finished building a pipeline that crosses the country from east to west, Turkmen president Kurbanguly Berdymukhamedov said on a trip to Vienna.

The pipeline connects Shatlyk, near the giant gas field of Galkynysh, to Belek, a few kilometres south of Turkmenbashi, on the Caspian Sea coast.

The east-west flow of the pipeline shows that Turkmenistan is poised, eager even, to send gas to Europe. Mr Berdymukhamedov hinted, strongly, at a similar reason for the pipeline.

“The construction of this pipeline, which is capable in the long term, if necessary, to transport large volumes of Turkmen energy resources in the right direction, will provide additional guarantees for their reliable and stable export,” he said.

Europe wants to import gas from Turkmenistan. Turkmenistan, wants to broaden its client base away from China.

ENDS

(News report from Issue No. 231, published on May 13 2015)

Strike out in west of Kazakhstan

MAY 12 2015 (The Conway Bulletin) – Around 140 people working for the oil services company KazStroyService have gone on strike in west Kazakhstan demanding an increase in wages, media reported. Kazakhstan is sensitive to strikes. In 2011, 16 people died during fighting between protesters and police at a strike in west Kazakhstan.

ENDS

(News report from Issue No. 231, published on May 13 2015)

Azerbaijan to start producing higher grade fuel

MAY 13 2015 (The Conway Bulletin) – Azerbaijan will start producing AI-95 grade petrol from 2018 to meet higher demand, said the vice president of the state- owned energy company SOCAR, David Mammadov. Azerbaijan currently produces AI-92, a lower grade of fuel. The government has been pushing people to buy more modern cars.

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(News report from Issue No. 231, published on May 13 2015)