Tag Archives: hydrocarbons

Statoil pulls out of Kazakh Abay

FEB. 20 2013 (The Conway Bulletin) – Norwegian energy giant Statoil confirmed that it had pulled out of the Abay oil prospect in the Kazakh sector of the Caspian Sea, media reported. A Statoil spokesman said that a technical and commercial evaluation of the project had triggered the withdrawal.

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(News report from Issue No. 125, published on Feb. 22 2013)

Turkmenistan resumes gas exports to Ukraine

FEB. 13 2013 (The Conway Bulletin) – Turkmen president Kurbanguly Berdymukhamedov signed a deal with his visiting Ukrainian counterpart, Viktor Yanukovich, to resume gas exports to Ukraine. Ukraine had imported gas from Turkmenistan until a few years ago when it switched to Russia. Now it wants to diversify its imports and include Turkmen gas.

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(News report from Issue No. 124, published on Feb. 15 2013)

Turkmen President signs gas deal with Ukraine

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(News report from Issue No. 124, published on Feb. 15 2013)

Azerbaijan approves India’s purchase

JAN. 31 2013 (The Conway Bulletin) – Azerbaijan’s government approved the purchase by India’s state-owned energy company ONGC Videsh, of a 2.72% stake in the Azeri-Chirag- Guneshli (ACG) oil fields and a 2.36% stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline from the US’s Hess for $1b. Both ACG and BTC are Azerbaijani flagship projects.

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(News report from Issue No. 122, published on Feb. 1 2013)

Azerbaijan approves India buy

JAN. 31 2013 (The Conway Bulletin) – Azerbaijan’s government approved the purchase by India’s state-owned energy company ONGC Videsh, of a 2.72% stake in the Azeri-Chirag-Guneshli (ACG) oil fields and a 2.36% stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline from the US’s Hess for $1b. Both ACG and BTC are Azerbaijani flagship projects.

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(News report from Issue No. 122, published on Feb. 1 2013)

Turkmen Pres. sacks gas chief

JAN. 12 2013 (The Conway Bulletin) – Kurbanguly Berdymukhamedov, Turkmenistan’s autocratic president, sacked the head of the state’s natural gas company in a government reshuffle, media reported. Gas is Turkmenistan’s biggest income earner. Sahatmyrad Mammedov had headed Turkmengaz for less than a year.

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(News report from Issue No. 120, published on Jan. 18 2013)

Turkmen President sacks gas chief

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(News report from Issue No. 120, published on Jan. 18 2013)

Azerbaijan’s oil production drops

DEC. 30 2012 (The Conway Bulletin) – Azerbaijan’s oil production dropped by 3.7% in 2012, mainly due to lower-than-expected output at the BP-led Azeri-Chirag-Guneshli field, the head of Azerbaijan’s state oil company, Rovnag Abdullayev, said. Oil and gas are the mainstays of Azerbaijan’s economy.

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(News report from Issue No. 119, published on Jan. 11 2013)

Uzbekistan stops gas supply to Tajikistan

JAN. 1 2013 (The Conway Bulletin) – Uzbekistan stopped supplying gas to neighbouring Tajikistan, media reported quoting Tajik officials, during their annual gas price negotiations. Tajikistan is reliant on Uzbekistan for gas. Each year the two countries negotiate a new price for the gas, prompting Uzbekistan to briefly turn it off.

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(News report from Issue No. 119, published on Jan. 11 2013)

Azerbaijan to make soccer shirt deal

JAN. 4 2013 (The Conway Bulletin) – Azerbaijan is close to agreeing a deal with top Spanish soccer side Athletico Madrid to sponsor their shirt for the next 1-1/2 seasons, media reported. Flush with cash from energy revenues, Azerbaijan has been on an international marketing drive.

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(News report from Issue No. 119, published on Jan. 11 2013)