Downstream News

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Shell Said to Drop Plan to Buy Stake in Kazakh State Oil Company
Tuesday, October 09, 2018 Shell drops plans to purchase a stake in KazMunayGas National Co. after a due diligence process, according to sources.

After Trump Attack On Russia Ties, Merkel Eyes Azeri Gas
Wednesday, August 22, 2018 German Chancellor Angela Merkel heads to Azerbaijan this week to discuss the development of a southern pipeline to deliver gas to Europe from the Caspian.

Azerbaijan's Jan-July Gas Exports From Shah Deniz I Fall 2.6% YOY
Thursday, August 16, 2018 Exports from the first stage of Azerbaijan's giant Shah Deniz gas field stood at 4.312 bcm in January-July this year.

Socar's Oil Trading Arm Rolls Back Expansion After Weak Profits
Wednesday, July 18, 2018 Azerbaijan's Socar is refocusing its trading arm's activities on LNG and its new Turkish refinery.

Italy Tells Azerbaijan It Is Committed To TAP Pipeline
Wednesday, July 18, 2018 Italian President Sergio Mattarella has confirmed that Italy is committed to the TAP international gas pipeline.

Azerbaijan's 1H Gas Exports From Shah Deniz I Fall 3.9% YOY
Monday, July 16, 2018 Exports from the first stage of Azerbaijan's giant Shah Deniz gas field stood at 3.654 billion cubic meters in the first half of this year.

Azerbaijan Launches Pipeline Project To Turkey, Eyes Europe
Tuesday, May 29, 2018 Azerbaijan launches the first phase of a pipeline project.

Turkmenistan Says Close To Securing TAPI Pipeline Financing
Wednesday, May 23, 2018 Turkmenistan plans to secure within a few months all the necessary funding to complete the construction of an $8B natural gas pipeline to Afghanistan, Pakistan and India.

Kazakhstan to Slash Heavy Oil Exports as it Goes Upmarket
Friday, April 20, 2018 The Central Asian country's oil refineries could reduce fuel oil exports by around 35 percent this year.

New Gas Processing Complex Launched in Uzbekistan, Creates 2,000 Jobs
Friday, April 20, 2018 Lukoil officially opens a gas processing complex at the Kandym fields cluster in Uzbekistan.

Jan-March Oil Shipments From Georgia's Batumi Down 54% YOY
Wednesday, April 04, 2018 Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 53.7 percent.

Novak: Turkish Permit For Land Section Of TurkStream Pipeline Still Pending
Tuesday, April 03, 2018 Russian Energy Minister Alexander Novak says that Turkey's approval for Gazprom's onshore portion of the TurkStream gas pipeline's second line is still pending.

ExxonMobil Acquires 2.5% Stake In The BTC Oil Pipeline
Monday, February 19, 2018 U.S. oil major ExxonMobil has acquired a 2.5% stake in the Azeri Baku-Tbilisi-Ceyhan pipeline from CIECO.

CB&I Gets Go-ahead for Kazakhstan Petchem Project
Monday, December 11, 2017 KPI gives CB&I full notice to proceed for project management services.

Giant Gas Tanker Sails to Turkey to Prevent Repeat of Shortage
Wednesday, October 25, 2017 Turkey is getting a giant helper to avoid last December's gas shortages.

Kazakh Energy Officials Fired Over Gasoline Shortages
Tuesday, October 10, 2017 Kazakh Prime Minister Bakytzhan Sagintayev fires two senior energy officials after the Central Asia's biggest oil exporter reported fuel shortages on the domestic market.

Turkey-Based Palmali Lodges $2B Claim Against Lukoil's Litasco
Monday, September 18, 2017 Palmali says it lodged a claim with the English High Court worth almost $2 billion against Litasco.

Azerbaijan's Jan-Aug Oil Exports Via Turkey Pipeline Fall 10%
Friday, September 08, 2017 Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell by 9.7% year on year.

Azerbaijan's Oil Shipments Via Russia Jump To 818,664 Tonnes In Jan-July
Tuesday, August 01, 2017 Azerbaijan's oil shipments via Russia jumped to 818,664 tonnes in January-July this year from 559,065 tonnes in the same period last year, SOCAR says.

KMG Switches from Urals Supplies to Romanian Refineries as Prices Rise
Tuesday, July 11, 2017 Kazakh state oil company Kazmunaigaz reportedly plans to replace expensive Urals crude with cheaper Mediterranean grades for its refineries in Romania.

Grassroots Kazakhstan Base Oil Project Goes to CB&I
Monday, June 12, 2017 TOO Hill Resources (HILL) has awarded CB&I a contract for the license and engineering of a grassroots lube base oil plant in Shymkent, Kazakhstan.

Caspian Oil Pipeline Eyes Massive Expansion Thanks to New Oilfields
Friday, May 12, 2017 The Caspian oil pipeline will boost its capacity this year by some 47 percent thanks to new oilfields in the region including the giant Kashagan deposit in Kazakhstan, the director general of the consortium that owns it said on Friday.

BP Says Caspian Gas Pipeline's Georgia Section Ready by Mid-2018
Monday, May 01, 2017 BP plans to complete by mid-2018 the Georgian section of a $40-billion strategic pipeline bringing Caspian gas from Azerbaijan into Europe, the British energy company's country manager for Georgia said.