Georgia, Azeri-Chirag-Gyuneshli

BP to cut jobs in Azerbaijan.

The plans of the British oil company BP, which is a major shareholder and operator of all the significant oil and gas projects in Azerbaijan, include the cuts in their projects and states around the world, and this Caspian country was no exception.
This week according to CEO Bob Dudley BP will spend $ 1 billion due to forced job cuts due to a sharp drop in oil prices in the world in 2015. In this case, the reduction will affect its offices in Azerbaijan, the US, the UK and Germany. First of all, the reduction will affect those employees who are not directly involved in the exploration and development, there usually are no extra people on the platforms.

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The reversing of Baku-Novorossiysk should be hurried up

Azerbaijan should intensify negotiations with the Russian side about the reversing of the Baku-Novorossiysk pipeline for the start of Siberian oil transporting. Otherwise, Azerbaijan will have to bear large expenses for the maintenance of Baku-Novorossiysk, Baku-Supsa and Baku-Tbilisi-Ceyhan pipelines the transporting of which is considerably lowered.
In 2017, oil transporting via the pipelines of Azerbaijan will lower by 11.4% to 39.7 million tons in comparison to the forecast for 2013.
They forecast that oil transporting will be 44.8 million tons in 2013, 43.7 million tons in 2014, 44.5 million tons in 2015, and 42.2 million tons in 2016. In 2012, oil transporting was 43.3 million tons. Even the entire volume mentioned above is not enough to load BTC by 100%.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
Best Regards
Rhod Mackenzie
Managing Director

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