Vitol and SOCAR signed an agreement on the transportation of Turkmen oil via the Baku-Tbilisi-Ceyhan pipeline
19:07 11.09.2021 9605
The international energy and commodity trading company Vitol (Netherlands) has signed an agreement with the Azerbaijan State Oil Company SOCAR to transport 1 million tons of Turkmen oil per year via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline since October 2021, Energy Diary reported.
As the newspaper notes, this agreement will reduce the supply of Turkmen oil from the Russian Black Sea port of Novorossiysk by almost 50%. Currently, the transit of oil from Turkmenistan through the Russian Federation is about 160 thousand tons per month. The raw materials are transported by tankers across the Caspian Sea to the port of Makhachkala and from there they are pumped through an oil pipeline to Novorossiysk. According to forecasts, now this amount will drop to 80 thousand tons per month.
Azerbaijan and Russia have been competing for Turkmen oil for a long time and with the new agreement the competition will enter a new phase, Energy Diary writes.
800 delegates from 20 countries of the world will take part in the scientific forum on environmental aspects of the development of the fuel and energy complex
The International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits» in the Year «The Happy Youth with Arkadag Serdarly» will be held at the Yagshygeldi Kakayev International Oil and Gas University on June 15.
Pre-conference day of the TESC 2025 forum
On Thursday, June 5, the International Scientific and Practical Conference "Environmental Aspects of Implementation of Innovative Technologies in the Development of Hydrocarbon Deposits" (TESC) will open in Ashgabat. The forum is organized by the State Concerns "Turkmengas", "Turkmennebit", the State Corporation "Turkmengeology" together with the "Turkmen Energy Forum".
Turkish company to build new gas compressor station in Turkmenistan
The President of Turkmenistan signed a Resolution authorizing the State Concern "Turkmengas" to enter into a contract with Çalik Enerji Sanayi ve Ticaret A.Ş. (Republic of Turkey) for the design, construction and equipping of the Shatlyk-1 gas compressor station in Mary velayat with the necessary equipment and commissioning, TDH reports.
The results of the work of the oil and gas complex of Turkmenistan for five months were summed up at the industry meeting
On Monday, June 12, a reporting meeting was held in the Central building of the oil and gas complex of Turkmenistan, at which the results of the work of enterprises in the industry for five months of this year, held under the motto “The Year of Happy Youth with Arkadag Serdarly”, were discussed.
Gurbanguly Berdimuhamedov: one of the priorities of cooperation between Turkmenistan and China is the fuel and energy sector
One of the priorities of cooperation between Turkmenistan and the People's Republic of China is the fuel and energy sector. This was stated by President of Turkmenistan Gurbanguly Berdimuhamedov in an interview with Chinese media before his trip to China to participate in the opening of the 2022 Winter Olympic Games in Beijing.