India Oil and Gas

AIOC reduces oil production at ACG 3.7% in Q1

Oil production at the block of Azeri-Chirag-Guneshli fields (ACG) amounted to 52 million barrels (7 million tons) in the first quarter of 2019, the Azerbaijan International Operating Company (AIOC)

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Far Eastern LNG enters FEED preparation stage

Rosneft has prepared the design documentation of the Far Eastern LNG plant in the Khabarovsk Territory for entering the FEED stage. The company indicated this in the annual report.

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Since 2001, SOFAR’s revenues from sale of profitable oil from ACG block exceeded $140 billion

Revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profitable oil from the Azeri-Chirag-Guneshli block (ACG) and condensate from the Shah-Deniz field in the first quarter of 2019

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Gazprom to work on the feasibility study of Iran-Pakistan-India gas pipeline

Gazprom, despite the restoration of US sanctions against Iran, hasn’t completely abandoned the idea of building the Iran-Pakistan-India gas pipeline.

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Indian asset of Rosneft to invest $850 mln in oil processing and petrochemical industry

Indian company Nayara Energy, 49.13% of which are owned by Rosneft, has signed two memorandums with the government of the Indian state of Gujarat on intention to invest $850 million in expansion of

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Belorusneft is ready to continue work in India

Forms of cooperation were discussed in Gomel during the visit of the delegation of Oil India.

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Berdymuhamedov satisfied with pace of TAPI gas pipeline construction, despite delays in Pakistan

The implementation of a project of construction of Turkmenistan-Afghanistan-Pakistan-India (TAPI) main gas pipeline has been discussed during course of conference calls, which was chaired by Presid

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India intends to expend energy cooperation with Russia

India is going to expand energy cooperation with Russia, it is necessary, in particular, because of the renewed US oil sanctions against Iran, India's Ambassador to Russia Bala Venkatesh Varma

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SOCAR may take part in geological exploration in Uzbekistan

Uzbekneftegaz JSC expects to attract SOCAR (State Oil Company of Azerbaijan) to carry out geological exploration in Uzbekistan.

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Russia does not refuse the Iran-India gas pipeline

The project is being prepared for implementation, despite US sanctions.

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