Itochu

In 2019, AIOC to increase oil production at ACG block by 2%

Oil production at the Azeri-Chirag-Guneshli fields block (ACG) will be 30.9 million tons in 2019.

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Oil transportation via BTC in increased slightly in H1 2018

The volume of oil pumping through the Baku-Tbilisi-Ceyhan (BTC) pipeline in the first half of 2018 amounted to 16 million 552 thousand tons, which is 0.4% higher than the same period of 2017, Inter

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Oil production at the ACG block was conducted from 115 wells in 2017

Oil production at the Azeri-Chirag-Guneshli (ACG) block in 2017 was carried out from 115 production wells, the press service of the Azerbaijan International Operating Company (AIOC-operator for the

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Azerbaijan to receive first tranche of the bonus for extension of the development of the Azeri-Chirag-Gunashli oil block as early as 2018

In 2018 Azerbaijan will receive the first tranche of the bonus from a consortium of foreign investors for the extension of the contract for the development of the Azeri-Chirag-Guneshli (ACG) oil fi

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As of December 1 Azerbaijan extracted 250 million tons of profitable oil from Azeri-Chirag-Gyuneshli - SOCAR

As of December 1st, 2017 the total volume of Azerbaijan's profitable oil, produced so far from the Azeri-Chirag-Guneshli (AChG) fields block, was 250 million tons, Khoshbakht Yusifzadeh, SOCAR

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Mechel signs a long-term contract for the supply of coal from the Japanese ITOCHU Corporation.

In accordance with the agreement, within a year Mechel will send "Itochu Corporation" up to 300 thousand tons of enriched steam coal from the "Olzherasskaya-Novaya" mine to the

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Itochu interested in expanding cooperation with SOCAR

Japanese corporation Itochu is interested in expansion of the cooperation with the Azerbaijani state-owned company SOCAR, Chief Executive Officer of Itochu Masahiro Imai said at the meeting with SO

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Turkmenistan plans to build new gas-chemical complexes.

By the end of this year Turkmenistan schedules to lay the foundation of three new gas-chemical complexes, the Turkmen oil and gas complex "Turkmengaz" informs.

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In H1 pumping of Azerbaijani oil via BTC increases by 3%.

In H1 2016 the volume of Azerbaijani oil pumping via the Baku-Tbilisi-Ceyhan (BTC) amounted to 14 million 930.79 thousand tons, which is 2.6% higher than within the same period last year, SOCAR (the State Oil Company of Azerbaijan) informed the agency"Interfax-Azerbaijan".
"In general, since the moment the pipeline entered into operation (on June 4, 2006 - IF) till July 1 of this year the volume of pumping was 307 million 606.179 thousand tons of oil, including in June - 2 million 489.988 thousand tons", - according to SOCAR.

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Turkmenistan begins to build TAPI.

Turkmenistan begins to build TAPI without solving the key challenges of the project.
Turkmenistan started the construction of TAPI gas pipeline to India. However, currently the prospects of the project worth $ 10 billion remain uncertain: no western company was included into the consortium for the construction of the pipe. It is also unknown who will build and provide security for the Afghan section of the gas pipeline.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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