In October 2013 oil export via the terminal of the Caspian Pipeline Consortium (CPC) increased by 37.3% against October 2012 up to 3,059,000 tons, reported CPC.
Since early year oil export via the CPC terminal totaled 27.2 million tons, up 8.3% against a year earlier (25.2 million tons).
CPC is the pipeline system connecting Kazakhstan with the sea port in Novorossiysk, where oil is loaded on the tankers for their further shipment to the world markets.
The CPC shareholders include Russian Federation, which owns 31% share (represented by Transneft with 24% and CPC Company with 7%), Kazakhstan with 20.75% (represented by Kazmunaigas – 19% and Kazakhstan Pipeline Ventures LLC – 1.75%); Chevron Caspian Pipeline Consortium Company – 15%, LUKARCO B.V. – 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited – 2%, Eni International N.A. N.V. – 2% and Oryx Caspian Pipeline LLC – 1.75%, reported http://www.biztass.ru. –0--
Economics
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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Rovshan Najaf, President of the State Oil Company of Azerbaijan (SOCAR), and Oleg Korobchenko, Deputy Prime Minister and Minister of Industry and Trade of the Republic of Tatarstan, discussed cooperation and expressed satisfaction with the partnership between SOCAR and the Russian oil company Tatneft.
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