OIL

Within the framework of cooperation between SOCAR and "DeGolyer and MacNaughton", work on counting 27 fields according to SPE-PRMS classification in the Azerbaijani sector of the Caspian Sea has started, Trend reports.

According to the State Oil Company of Azerbaijan Republic (SOCAR), a meeting was held between SOCAR President Rovshan Najaf and Chairman and CEO of DeGolyer and MacNaughton John W. Wallace.

Kazakhstan and Azerbaijan are reviewing possibilities for launching oil transportation via the Baku-Supsa route, Almassadam Satkaliyev, Minister of Energy of Kazakhstan, told journalists on the sidelines of the government meeting, Trend reports.

Kazakhstan plans to deliver 100,000 tons of oil to Germany through the “Druzhba” pipeline in August this year.

This was announced on Sunday by the press service of the Ministry of Energy of the Republic of Kazakhstan.

According to the information, it is planned to transport oil in the direction of PSN “Samara” for its further delivery in the direction of “Adamova zastava” (Poland - Germany) from the resources of the company "Karachaganak Petroleum Operating" B.V.

Azerbaijan’s state oil company SOCAR and Kazakhstan’s National Company KazMunayGas have signed a Memorandum of Strategic Cooperation for the transit of Kazakhstani oil through the territory of Azerbaijan, Trend reports.

The document was signed following a meeting between the Prime Ministers of Azerbaijan and Kazakhstan, Ali Asadov and Alikhan Smailov, in Baku, says Azerbaijan’s Cabinet of Ministers.

By the end of the year, 1.125 million tons of oil from Kazakhstan will be transported via the Baku-Tbilisi-Ceyhan pipeline, Minister of Energy of Azerbaijan, Parviz Shahbazov, said during a meeting with Serik Zhuminagarin, Minister of Trade and Integration of Kazakhstan, on the sidelines of the Astana International Forum (AIF 2023), Trend reports from the scene.

The new comprehensive agreement between the European Union and Azerbaijan will lay the ground for reinforced energy cooperation, notably on renewable energy, Miriam Garcia, European Commission spokesperson, told Trend.

"This agreement will play a key role in supporting the efforts of the Azerbaijani Government to diversify the economy," she said.

KazTransOil, the national oil transporter of Kazakhstan, shipped 9,959 tons of oil from the Tengiz oil field to Azerbaijan, Trend reports, citing KazTransOil.

Oil was sent to Baku by the “President Heydar Aliyev” oil tanker from Kazakhstan's port of Aktau. Upon reaching Azerbaijan, the natural resource export will continue via the Baku-Tbilisi-Ceyhan pipeline.

State Oil Company of the Azerbaijan Republic (SOCAR) has announced the start of the transit of Kazakh oil through the Baku-Tbilisi-Ceyhan (BTC) pipeline. The first shipment of Kazakh oil from the Tengiz field arrived at the Sangachal Terminal in Azerbaijan from the port of Aktau via the “President Heydar Aliyev” tanker on March 23, Trend reports citing company.

The visit of James Cleverly, Secretary of State for Foreign, Commonwealth and Development Affairs of the UK, to Kazakhstan led to several thought-provoking developments, which have far-reaching consequences for a number of states. During the visit, some interesting comments were made regarding the view of the UK on the future of the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. Additionally, a matter of diversification of oil exports from Kazakhstan via Azerbaijan was also discussed.

Kazakhstan plans to send another 20,000 tons of oil to Germany via the Druzhba oil pipeline in April, Kazinform news agency reports.

As Minister of Energy Bolat Akchulakov announced on the sidelines of the Council of Ministers during a government meeting, the first batch of 20 thousand tons has already been shipped, the second batch - in the same volume was sent in March. In general, according to the contract, Kazakhstan should deliver 300 thousand tons of oil.