Page 15 - FSU OGM Week 26 2021

FSUOGM NEWS IN BRIEF FSUOGM

which is impossible, as the resolution was Minister of Trade and Integration of mobilisation and associated services, to
adopted by Cabinet (the NACP claims Kazakhstan Bakhit Sultanov discussed support both onshore and offshore work in
it demanded this from the Cabinet, not prospects for the expansion of energy sector Azerbaijan.
PM). “The government did and will act cooperation during a Ukraine-Kazakhstan Khalik Mammadov, a SOCAR vice
exclusively within the limits set by the laws commission meeting in Kyiv, the Kiev Post president, said that oilfield services have
… and expects the same attitude from other reported. become one of the company's main areas of
parties,” Shmyhal wrote. “We are interested in the supply of activity in recent years.
After the June 15 ruling of the NACP Kazakh oil and its transit through the “This area plays an important role in
(which is indeed impossible to implement territory of Ukraine. […] From our side, all our corporate development. The joint
by the Cabinet alone), the head of Naftogaz the technical conditions have been created venture we have established with Petrofac
supervisory board initiated a board meeting that are necessary for the transportation of is operating at full capacity, but with this
to consider recommending that the Cabinet light grades of oil through the Odesa-Brody agreement we are expanding our scope of
should dismiss Vitrenko from the position and Druzhba pipelines,” Demchenkov said. activities and achieving new successes. I
of CEO. If the board is able to prepare such The Ukrainian representatives also believe that the agreement we signed with
a recommendation, there should not be any showed interest in nuclear energy sector BP today will both lead to the development
impediments for the Cabinet to implement cooperation. Ukraine is particularly looking of the joint venture and give serious
the NACP’s order to dismiss Vitrenko. Thus into prospects for the supply of a uranium impetus to raising our partnership with BP
far, there is no information whether such a product and ion-exchange resins from to a new level. ”
board meeting took place. Kazakhstan along with fuel pellets and their
“The development illustrates a strong use in the production of nuclear fuel for
political will to retain Vitrenko as Naftogaz nuclear power plants. Lukoil set to expand in
CEO. That allows us to expect [that] Ukraine and Kazakhstan also agreed to
Naftogaz's supervisory board meeting to explore potential joint projects in hydrogen Uzbekistan and channel
consider Vitrenko’s dismissal will not take energy.
place due to sabotage by the three board Demchenkov urged “Kazakhstani $12mn towards new
members appointed by the government. business to take part in the preparation of
This will only intensify the conflict between common projects for the production, use projects
the independent members of the Naftogaz and transportation of hydrogen.”.
supervisory board (which seems to be Lukoil plans to channel an additional $12bn
supported by Western governments) and towards joint projects with Uzbekistan,
the Ukrainian government (including the UK’s Petrofac and Russian Prime Minister Mikhail Mishustin
Cabinet, its appointees to the Naftogaz said on June 23 as he met Uzbek
board, Vitrenko and the scandalous court). Azerbaijan’s SOCAR counterpart Abdulla Aripov in Moscow.
That could end up causing reputational Mishustin said that this capital delivery
damage to Vitrenko and Shmyhal, which in win contract from BP would be carried out in addition to $8bn
the eyes of Western governments aligned already invested by the company in the
themselves with the scandalous court,” an for Caspian Sea oilfield development of energy capacities in the
analyst at the Kyiv-based Concorde Capital Central Asian country.
In 2018, the Lukoil launched the Kandym
brokerage said in a research note. services GPP, discovered back in 1966 - in more
UK oilfield services provider Petrofac on than 50 years, no one has yet approached it
June 24 announced that its joint venture from a technical and technological point of
with Azerbaijan's national oil company view.
CENTRAL ASIA & SOUTH SOCAR has won a $25mn contract from BP "The content of hydrogen sulfide is
for services at the Azerbaijani Central East complex, there's remoteness from the
CAUCASUS (ACE) platform in the Azerbaijani Caspian infrastructure, it's a bare site... We have
Sea. taken up this task, and we will handle it, "
Ukraine and Kazakhstan oil in 2023. It will deliver 100,000 b/d at full head of Lukoil, Vagit Alekperov, previously
The ACE platform is due to pump its first
said.
eye cooperation in oil, capacity, which will go some way to counter Uzbekistan, with deductions at around $1bn
Lukoil is the sixth largest taxpayer in
the decline at the BP-led Azeri-Chirag-
nuclear energy and Gunashli project. A total of 300mn barrels per annum.ing our partnership with BP to a
should be produced during the operation of
new level. ”
hydrogen energy the platform.
Petrofac and SOCAR will contractually
Deputy Minister for European Integration provide commissioning technicians and
of Ukraine Yaroslav Demchenkov and other specialist personnel, as well as

Week 26 30•June•2021 www. NEWSBASE .com P15