Lukoil’s President Vagit Alekperov said at Monday’s IHS CERAWeek gathering that he expects major mergers and acquisitions in the global oil and gas industry in the near future.According to Lukoil’s President, the largest oil and gas companies "will be in the center of the structural changes in the global oil industry in the near future, including the area of mergers and acquisitions," TASS cited him.
The Azerbaijani Ministry for Ecology and Natural Resources has filed a lawsuit against BP, demanding 12,300 manats for polluting the Caspian Sea with drilling mud on March 5. The low-toxic drilling fluid caused pollution at a depth of 530m, Trend reports.
BP gets 12% share of TANAPBP company and the Trans-Anatolian gas pipeline (TANAP) consortium have signed a share holder agreement, according to which BP will become one of the shareholders of TANAP.Under the agreement signed in Turkey on
The Georgian government has decided to reduce its costs in order to save budgetary funds and not cut spending on infrastructure projects and social benefits in conditions of financial crisis in the country. The cost of repairs, purchase of furniture and cars, trips and vacations of officials will be minimized. The Cabinet requested that the Parliament, courts and municipalities do the same thing.
The Georgian Military Highway, a major route through the Caucasus between Georgia and Russia, has been closed again today at 8:00 MSK due to snowfall, the Ministry of Emergency Situations of North Ossetia reported. Following the recommendations of Georgia’s Darial border checkpoint, traffic on the road section Vladikavkaz-Lars was suspended due to snowfall, worsening weather conditions and the impossibility of ensuring safe passage of motor vehicles.
The Ministerial Advisory Council of the Southern Gas Corridor Project has been established on the instructions of Azerbaijani President Ilham Aliyev. The Ministry of Energy of Azerbaijan informs that the Advisory Board will hold its first meeting on 12 February in Baku.
Ilham Aliyev talks about energy security in MunichBy Vestnik KavkazaA roundtable discussion on energy security dedicated to the subject "Strategies for diversification" has taken place at the Munich Security Conference.
By Tageszeitung The long-term drop in oil prices is one of the main factors affecting the economies of Russia, Kazakhstan and Azerbaijan. The price is below $50 per barrel. Professor Lutz Mez, a German energy expert, a member of the Free University of Berlin, the founder of BC CARE, has shared his outlook on the situation. - Mr. Mez, we are undergoing a dramatic fall in oil prices, it has more than halved in the last few months. What is the reason?
Azerbaijani President Ilham Aliyev has met with BP Executive Director Robert Dudley today. They discussed cooperation between Azerbaijan and BP, realization of the Azeri-Chirag-Guneshli project, progress on the Shah Deniz Field, the Southern Gas Corridor. Aliyev and Dudley expressed hope for further cooperation between the State Oil Company of the Azerbaijan Republic (SOCAR) and BP, Trend reports.