Page 19 - FSUOGM Week 36 2019

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The tanker is powered by liquefied natural gas (LNG) and is the first of its kind. It was able to follow the route without icebreaker escort due to favourable ice conditions.
Sovkomflot has a fleet of six tankers powered by LNG and another five are under construction. The Korolev Prospect was included in the fleet in February this year. The use of LNG is believed to reduce carbon emissions by 30% compared with conventional tankers, according to the Moscow Times.
In May Sovkomflot reportedly got a major deal for fourth new gas-powered Arctic tankers Arc7 to transport liquefied natural gas (LNG) from the upcoming project Arctic LNG-2 of independent gas company Novatek.
The deal was awarded to Sovkomflot and Zvezda with no competitive bids, and it is not clear whether Novatek will extend the order. In April Novatek and Sovkomflot closed a deal on exploitation of the pilot tanker for 25 years, with the vessel to be ready by 2022.
bne IntelliNews, September 6 2019
Gazprom Neft starts
shipping granulated sulphur
from its Badra oilfield
Gazprom Neft subsidiary Gazpromneft- Badra has begun shipping granulated sulphur from its Badra oilfield in Iraq — the unique gas infrastructure installed by the enterprise here having made it possible not just to diversify production, but also increase associated petroleum gas (APG) utilisation to 98 percent.
The pilot consignment, delivered by order of Iraqi client “Ard as-Sakhlya”, totalled 1,000 tonnes and was shipped from the field with the help of 40,000-tonne- capacity heavy-goods vehicles (HGVs) over the course of one week. Gazpromneft- Badra is now preparing to ship its next consignment, of more than 3,000 tonnes of granulated sulphur,* for another business in Iraq.
Gazpromneft-Badra has managed commercial production at this asset
for a period of five years, during which time total cumulative production has reached 100 million barrels. The business has produced more than 2,1 million tonnes (15.6 million barrels) of liquid hydrocarbons since early 2019. Shipments of granulated sulphur from Badra commenced this year.
Production is undertaken through sulphur production and granulation plants with capacity of 110,000 and 136,000 tonnes per year, respectively, both of which form part of the 1.6-billion cubic metres per year capacity gas plant at the Badra field. The technological process of producing granulated-sulphur production is automated throughout all key stages, from intake of raw materials to packaging of finished products. Gazpromneft-Badra has, already, produced more than 72,000 tonnes of sulphur (now in storage),
which is expected to be shipped to Iraqi customers as orders are received.
Gazprom Neft, September 9 2019
CENTRAL ASIA & SOUTH CAUCASUS
Kazakhstan approves
roadmap for promoting
“non-oil sector” exports
The Kazakh government has approved a “Roadmap for Promoting the Export of Non- Primary Goods and Services”, the Kazakh prime minister’s website said on September 4.
The roadmap focuses on eliminating barriers that prevent domestic producers and exporters from promoting domestic products in foreign markets, the report said. The initiative specifically focuses on the “non-
oil sectors” as the Central Asian nation is attempting to diversify away from dependence
on hydrocarbon exports.
Some of the measures in the roadmap
include reducing domestic production costs in order to raise the competitiveness of Kazakh goods. There is also the objective
of “restructuring state support measures” designed for promoting Kazakh products abroad.
Among other measures, the roadmap also focuses on enacting legal and institutional changes, though no specifics have yet been elaborated.
bne IntelliNews, September 5 2019
Non-oil investments in
Azerbaijan ‘expanded by
9.7% y/y in January-July’
Investments in Azerbaijan’s non-oil sector expanded by 9.7% y/y to Azerbaijani manat (AZN) 4.6bn ($2.7bn) in January- July, Vusal Gasimli, director of the Center for Analysis of Economic Reforms and Communication was cited as saying by Trend on September 4.
During a discussion of strategic roadmaps, he reportedly added that the period also saw inflation of 2.7% and
that the “Azerbaijani manat remained stable, the non-oil sector increased by 3%, non-oil export by 17%, while the non-oil industry... by 15.8% in Azerbaijan.”
“The positive balance in the balance of payments and the balance of the consolidated budget are the basis of macroeconomic stability,” Gasimli also reportedly said.
Again referring to the first seven months, he said Azerbaijan’s oil sector revenues decreased by AZN251mn, or 4.3% y/y, while revenues in the non-oil sector increased by AZN841.1mn, or by 20.6% y/y.
bne IntelliNews, September 5 2019
Week 36 11•September•2019
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