Tag Archives: Caspian News.com

Türkiye has become the primary market for Azerbaijan’s non-oil export, accounting for almost one-third of the oil-rich Caspian country’s non-oil products sold overseas. According to the results of the first five months of 2022, the share of Türkiye in the total non-oil exports of Azerbaijan settled at 32.8 percent, according …

The agreement between Azerbaijan, Iran and Turkmenistan on a natural gas swap deal for up to 2 billion cubic meters of Turkmen gas is expected to take effect early 2022, Iran’s oil minister Jadav Owji confirmed. “The size of the swap contract is 1.5 to 2 billion cubic meters of …

While TotalEnergies, Qatar Energy and Petronas won the rights to develop the coveted Sepia field, Brazil’s state-run Petrobras, formally Petroleo Brasileiro SA, later entered the consortium by exercising preference rights. Petrobras, Total and Shell secured the nearby Atapu field. The auction was widely seen as a test of Brazil’s investment …

Kazakhstan plans to attract investments from Azerbaijan to fund renewable energy projects, the country’s trade and integration ministry said. “Our countries have launched various projects in the field of oil and gas, subsoil use, and several other sectors,” Trend quoted the ministry as saying on Saturday. “However, there is no …

Russian President Vladimir Putin said Moscow is ready to maintain gas supplies to Europe through Ukraine after the current gas transit contract ends in 2024. The remarks came during German Chancellor Angela Merkel’s trip to Moscow, which is likely to be the last in her capacity as chancellor as she …

A spokesman for the Iraqi Ministry of Electricity has expressed hope that the Iranian authorities would supply gas needed for Iraqi power plants. In the meantime, the United States has granted Iraq the maximum extension to a sanctions waiver, allowing Baghdad to import electricity and gas from Tehran. “Baghdad is …

Kazakhstan took another step toward strengthening its energy security this week after Eni, an Italian multinational oil and gas company, launched the construction of a new solar farm in Otrar, Turkestan, Kazakhstan’s southern region. The project to construct the 50 MW photovoltaic plant is being implemented by a joint Italian-Kazakh …

Despite threats of new sanctions from the United States, Nord Stream 2 AG will resume construction of the Nord Stream 2 underwater gas pipeline, which would double the capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany. Ture Falbe-Hansen, who heads the Danish Energy Agency’s press …

As Russia’s relationship with the West reaches a new low, the world’s largest country is now looking East to diversify gas exports to Asian markets. Addressing the plenary session of the 12th VTB Capital’s Russia Calling! Investment Forum via video conference, Russian President Vladimir Putin reaffirmed Russia’s intention to boost …

Iranian President Hassan Rouhani has inaugurated three major gas projects worth over $5.5 billion on the occasion of the country’s Government Week. The plan for the development and improvement of the gas dispatching center and the sixth and ninth national gas transmission lines, the first phase of Bushehr Petrochemicals and …