The 27th International Conference and Expo "Oil and Gas of Turkmenistan" (OGT-2022) will be held on October 26-28, 2022 in Ashgabat. The Conference is organized by the State Concerns "Turkmengas", "Turkmennebit" and the Chamber of Commerce and Industry of Turkmenistan in partnership with Turkmen Forum and UK-based GaffneyCline.
Azerbaijan and Turkmenistan Seek to Expand Cooperation on Caspian Energy Production
Publication: Eurasia Daily Monitor Volume: 18 Issue: 15
(Source: The National)
A 30-year feud over an offshore oil field located between Azerbaijan and Turkmenistan in the Caspian Sea has finally come to an end. In mid-January 2021, Ashgabat and Baku agreed to the joint development of the large field, now renamed Dostlug, which means “Friendship” in both languages (Azadliq.org, January 21, 2021).
The name itself and the pomp that accompanied the announcement of the signed Memorandum of Understanding (MoU) highlighted the ongoing thaw in relations between the two Caspian littoral states. For now, there has been no information available about the details of the joint development deal: no data on profit splits or other arrangements, including logistics. Nevertheless, news of the bilateral accord raised hopes in some quarters that the long-awaited Trans-Caspian natural gas pipeline (TCP), which co
Subsidiary enterprise of the State oil company of Azerbaijan – SOCAR Trading received tender on purchasing of oil in Turkmenistan, procured from Kiyanly production field by Petronas company. It was reported by “Nebit gaz” electronic newspaper.
SOCAR Trading to purchase 2 million tons Turkmen oil mdjonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mdjonline.com Daily Mail and Mail on Sunday newspapers.
SOCAR emerges as winning bidder for Turkmen oil
Quoting Argus Media, Report said that the trading arm of Azerbaijan’s state-run oil company, SOCAR Trading, had won a tender from Eni Turkmenistan to buy Turkmen oil (https://report.az/en/energy/another-victory-socar-wins-tender-for-turkmen-oil-purchase/).
Such an outcome made it possible for the company to add back to its portfolio some part of Turkmenistan’s crude oil exported by Vitol since 2017. While tendering for the contract, SOCAR Trading got the upper hand over such oil giants as ENOC, Vitol, Rosneft, Lukoil, and Trafigura.
Market players believe that awarding the contract to SOCAR Trading may step up Turkmenistan’s crude oil supplies through the Baku-Tbilisi-Ceyhan (BTC) pipeline amid reduced shipments from Makhachkala railway station to Novorossiisk port.