Industry News
Russia calls for a global response to the oil demand crisis
All players on the global energy market need to act together to tackle the effects of the pandemic on oil demand.
Azerbaijan´s SOCAR imports 812 mln cubic meters of gas to Georgia in 1H 2020
SOCAR Georgia Gas, the Georgian branch of Azerbaijan State Oil Company, imported about 812 million m3 of natural gas to Georgia during the first 6 months of 2020, Ibrahim Ahmadov, Deputy Head of SOCAR’s Public Relations department has told Azerbaijan’s Trend.
Kazakhstan explores ways to strengthen Kazakh and German cooperation in subsoil use and geology
According to the Kazakh Prime Minister’s press service, the online meeting was attended by managers and representatives of more than 100 leading German companies, including Siemens, Linde, Knauf, Lufthansa etc.
Shell to begin seismic work on North Sea gas discoveries next year
Shell will kick off seismic studies on the Resolution and Endeavour gas discoveries in the North Sea in the first quarter of next year.
China’s diesel demand set to jump to record this year
State-stimulated recovering industrial activity and increased road freight and e-commerce deliveries are set to push up China’s diesel demand to a record high this year, analysts have told Reuters.
Turkey’s purchase of Russian gas drops by 62% year-on-year
According to Turkish Daily Sabah, Turkey’s natural gas imports from Russia in May 2020 fell by almost 62% compared to the same month of last year, the local official data released on July 29.
Total investments in Azerbaijan’s oil sector exceed $106 billion
According to Azernews, ver $106 billion were invested in Azerbaijan’s oil sector in the period between 1995 and 2019, Energy Minister Parviz Shahbazov has said.
Venezuela’s oil and gas sector sees worst crisis during 2020
Venezuela’s oil and gas sector was already caught in a vicious cycle well before the COVID-19 outbreak created a world economic crisis.
Turkish energy firm Enka to build power plant in Tatarstan
Turkish energy and construction company Enka signed an agreement on July 8 with Russian company Tatenergo for the turnkey construction of a combined cycle power plant worth 25.6 billion rubles ($360 million) in Tatarstan, Turkish Hürriyet reported.
Moody’s: COVID-19 effects likely to accelerate energy transition
The risk of behavioural change along with increasing use of biofuels, electric vehicles and improved engine efficiency adds to the likelihood of oil demand eroding over time.
Turkmenistan increases oil product deliveries to Georgia
In 2020 the export of oil products produced in Turkmenistan to Georgia has substantially increased.
Saudi Ports Global inks $1.87 billion deal for King Abdulaziz Port
Saudi Global Ports, one of PSA International’s subsidiaries, and Saudi Ports Authority (Mawani) signed a build, operate and transfer deal for the 1st and 2nd container terminals in the King Abdulaziz Port in Dammam.