Page 15 - FSUOGM Week 49 2019

FSUOGM
FSUOGM
This week Democrats and Republicans in the US Congress reached agreement on the fiscal year 2020 National Defence Authorization Act, with the defence budget for the reported period standing at $738bn.
Among other things, the document includes a series of provisions on Washington’s efforts to counter ‘threats’ that include Russia and China. US lawmakers once again extended the embargo on direct military cooperation with Moscow. Besides, they obliged the administration to impose sanctions on Russia’s Nord Stream 2
and Turkish Stream gas pipeline projects. The document’s authors claim the move would protect European energy security.
The sanctions on the pipelines are widely believed to have little to do with politics and more to do with promoting US overseas sales of LNG.
bne IntelliNews, December 11 2019
CENTRAL ASIA & SOUTH CAUCASUS
SOCAR appoints new vice president
A new vice president at Azerbaijan’s SOCAR has been appointed, Ibrahim Ahmadov, deputy head of the public relations and events department at the oil company, told Trend.
Kashagan is operated by the North Caspian OIbrahim Ahmadov noted that according
to the relevant decree of the President Ilham Aliyev, the Director General of SOCAR’s Azneft Production PU Dashgin Isgandarov has been appointed vice president of SOCAR for oil and gas transportation and gas facilities.
Earlier the position of SOCAR vice president for oil and gas transportation and gas facilities was held by Rahman Gurbanov.
December 4 2019
Kazakhstan exports 65.8mn tonnes of oil in Jan-Nov
Kazakhstan exported 65.791mn tonnes of oil in January-November, 0.4% below last year’s level for the same period, New Europe news website reported on December 6,
citing Kazakh Deputy Energy Minister Aset Magauov. The nation plans to export 70.5mn tonnes of oil in 2019.
Kazakhstan plans to produce 89mn- 90.5mn tonnes of oil in 2019. Around 60% of Kazakhstan’s oil production comes from the huge Tengiz, Karachaganak and Kashagan oil fields.
Hydrocarbon-export-reliant Kazakhstan has seen much of its oil output boosted by the giant Kashagan oilfield in the Caspian Sea. This year, Kazakhstan performed maintenance works at Kashagan and two other giant oil fields, temporarily bringing down overall oil output, but the oil production figures have been recovering since then. However, due
to compressor malfunctions at Kashagan in November oil and gas condensate production at the field fell to 184,000 barrels per day (bpd) from 400,000 bpd recorded in early November.
Kashagan will resume its output
level of 400,000 barrels per day by mid- December, Kazakhstan’s energy ministry
said on November 29. Similar unexpected maintenance works were reported in October - the issues then were caused by a loss of pressure at one compressor.
The energy ministry said on November
26 that Kazakhstan’s total daily oil and gas condensate output had fallen to 1.9mn bpd from 2.09-2.13 mn bpd recorded at the start of the month.
bne IntelliNews, December 9 2019
Agreement on Kazakh oil
supplies to Belarus to be
signed in 2020
An agreement on supplying Kazakh oil to Belarus may be signed early in 2020, Belarus’ BelTA news agency reported on December 6, citing Kazakh Deputy Energy Minister Aset Magauov.
Kazakh officials have previously said Kazakhstan plans to supply 1mn-3.5mn
tonnes of oil along with oil products to Belarus. Belarusian President Alexander Lukashenko originally put forward the suggestion that Kazakh oil should be imported in the wake of Russia halting oil flows via the Druzhba pipeline in April after contaminated oil was discovered. Belarus has previously accused Russia of
supplying low-quality oil.
Moreover, Belarus had to reduce the
workload of its refineries, possibly due to a row between Moscow and Minsk over a new tax regime on Russian oil that will cost the Belarusian budget billions of dollars.
bne IntelliNews, December 9 2019
Kazakh oil output at 82.5mn tonnes in Jan-Nov
Kazakhstan’s oil output stood at 82.5mn tonnes in January-November, Deputy Minister of Energy Aset Magauov said at a press conference on December 6.
Hydrocarbon-export-reliant Kazakhstan has seen much of its oil output boosted by the giant Kashagan oilfield in the Caspian Sea. This year, Kazakhstan performed maintenance works at Kashagan and two other giant oil fields, temporarily bringing down overall oil output, but now the oil production figures are recovering.
The country is aiming to produce around 89mn-90.5mn tonnes of oil in 2019.
“In general, we will keep the production at the level of 90mn tonnes per year for the next 2-3 years,” Magauov said.
Around 60% of Kazakhstan’s oil production comes from the huge Tengiz, Karachaganak and Kashagan oil fields.
bne IntelliNews, December 9 2019
Week 49 11•December•2019
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