Industry News
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.