The international experts will submit the program of repair works on the pipeline on the Kashagan field to the Kazakhstan government no earlier than March 2014, Kazakhstan Minister of Oil and Gas Uzakbay Karabalin said at a press conference in Astana last week.
He said the first samples from the 4-km belt did not provide quality data.
“We have collected samples the second time, they will be examined during February and in March we will receive information about the scope, period and the program of repair works,” Minister added.
The commercial oil production on the giant field Kashagan in the Kazakhstan sector of the Caspian Sea started on September 11, 2013. However, several weeks later they had the first problems. The project operator NCOC consortium announced after several natural gas leakage cases that they have been caused by “cracking of the pipeline under the influence of the sulphides.”
The pipes were sent for examination to UK and the results were expected to be received at the end of January 2014.
NCOC partners include AgipCaspian Sea B.V. (16.81%), KMG Kashagan B.V. (16.88%), ExxonMobil Kazakhstan Inc. (16.81%), Inpex NorthCaspian Sea Ltd. (7.56%), Shell Kazakhstan Development B.V. (16.81%), Total EP Kazakhstan (16,. %) and CNPC Kazakhstan B.V. (8.33%). –0--
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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