Page 16 - FSUOGM Week 12 2022

FSUOGM NEWS IN BRIEF FSUOGM

the nature of the corruption, as bne Europe, 6 bcm to the western regions of Rosneft, The Kyiv Independent reported on
IntelliNews reported back in 2013, Berisha Turkey. Wednesday.
has been linked to scandals including Azerbaijani President Ilham Aliyev “A Russian aircraft has fired upon an oil
the flawed privatisation of state oil firm launched the Southern Gas Corridor on refinery in Lysychansk, Luhansk Oblast,
Albpetrol. May 29, 2018. Initially, the cost of the which is owned by Russian oil company
Berisha dominated Albania’s political project was estimated at $45 bn, but the Rosneft. According to Luhansk Oblast
scene as prime minister and president from project cost $33 bn. Governor Serhiy Haidai, firefighters are
1991 to 2013. He was Albania’s second The main components of the SGC fighting a blaze at the site,” The Kyiv
post-communist president, holding the post are: Stage-2 of the Shah Deniz project, Independent reports.
from 1992 to 1997, going on to become expansion of the South Caucasus Pipeline The Russians fired at the plant in
prime minister from 2005 to 2013, which Baku-Georgia-Turkey border, construction Lysychansk from aircraft, Haidai said on his
makes him Albania’s longest-serving of the Trans-Anatolian gas pipeline Telegram channel.
democratically elected leader. He twice (TANAP) from the eastern to the western Newsweek, which reported The Kyiv
headed the centre-right Democratic Party, border of Turkey and the Trans-Adriatic gas Independent’s report, noted it is still trying
which has been in opposition since he pipeline (TAP), connecting Greece, Albania to independently verify the claim of the
resigned in 2013, when the Democrats were and southern Italy. attack.
ousted from power by the Socialist Party The region of Luhansk, together with
led by Albania’s current prime minister, Edi the Donetsk region, were recognized by
Rama. Sanctioned executive Russia as two republics two days before
Russia invaded Ukraine. Russian President
steps down from Russian Vladimir Putin announced the formal
SOCAR forecasts 18% petrochemical major Sibur recognition of the Donetsk People’s
Republic and Luhansk People’s Republic
increase in Azerbaijani gas Russian petrochemical major Sibur said (known as the DNR and LNR, respectively,
using their Russian acronyms) in a late-
supplies via TANAP in 2022 that Dmitry Konov will step down as the night speech at the Kremlin on February 21.
chairman of the board, after Konov has
The recognition of the two separatist
The volume of transportation of Azerbaijani been sanctioned as part of the European regions triggered the first condemnation
gas through the Trans-Anatolian gas Union fourth sanction package for and sanctions against Russia, which have
pipeline (TANAP) to Turkey and Europe in Russia's military invasion of Ukraine. been escalating since Putin invaded Ukraine
2022 will increase by 18% - up to 16.2 bcm, "These organisational changes are a month ago.
SOCAR reports. made following Dmitry Konov’s inclusion Germany suspended on February 22 the
“In 2022, gas export through the TANAP in the EU and UK sanctions lists and are Russia-led natural gas pipeline project Nord
gas pipeline is planned at the level of set to improve the resilience of Sibur's Stream 2 after Putin recognized the two
16.2 bcm. In 2021, 13.73 bcm of gas were business as one of the fastest-growing separatist regions in eastern Ukraine and
transported through this pipeline. Thus, in global petrochemical players," the company deployed “peacekeeping” troops there.
2022, export growth will be 18%," SOCAR commented. A day later, Russia launched a full-scale
wrote on its Telegram channel. As followed by bne IntelliNews, invasion of Ukraine, which led to several
Azerbaijani Energy Minister Parviz in 2021 Sibur closed a deal to take rounds of sanctions against Russian banks,
Shahbazov said on the sidelines of the over 100% of its Tatarstan based businesses, and oligarchs. Sanctions from
Diplomatic Forum in Antalya in Turkey on rival TAIF. The combined business will the European Union have so far spared
March 12 that in 2022 gas exports from be one of the five biggest producers of Russian energy exports, but companies,
Azerbaijan to Turkey via the Southern polyolefin and rubber products in the traders, ship owners, and insurers in the
Gas Corridor will amount to 8.2 bcm, to world, the companies said. West have started to avoid dealing with
Europe 9.1 bcm. Azerbaijan exported 19.2 Russian energy products. This will likely
bcm of gas in 2021. lead to a large-scale global oil shortage as
SOCAR estimates that TANAP provides Ukraine claims Russia of next month, the International Energy
12% of Turkey's gas needs. TANAP with a Agency said last week, estimating that “3
length of 1,850 km is designed to transport accidentally bombed its million bpd of Russian oil output could be
Azerbaijani gas from the Shah Deniz field shut in as sanctions take hold and buyers
within the framework of Stage-2 from the own Rosneft refinery shun exports.”
Georgian-Turkish border to the western
borders of Turkey. The throughput capacity A Russian aircraft has hit an oil refinery
of the gas pipeline will be at least 16 bcm, in the Donbas region in eastern Ukraine
of which 10 bn are intended for export to owned by Russian state-owned oil giant

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