Page 18 - FSUOGM Week 15

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businessman. [...] It is the price paid in Europe via commodity exchanges. It means natural gas should cost in Belarus something in the vicinity of $90,” Lukashenko’s media office quoted him as saying on February 21.
Belarus to take extra Norwegian, Azeri oil in April
Belarus plans to import 85,000 tonnes
of Norwegian oil in mid-April, its state refinery operator Belneftekhim has said. The shipment will be delivered by tanker to the Lithuanian port of Klaipeda, state media reported on April 10. A tanker carrying 85,000 tonnes of oil from Azerbaijan will also arrive at the port of Yuzhne in Ukraine.
Azerbaijan’s state-owned SOCAR delivered three batches of oil to Belarus in March totalling 250,000 tonnes. The oil was shipped to Belarus’ Mozyr refinery through Ukraine using the Odessa-Brody pipeline.
Belarus is also due to receive 2mn tonnes of oil from Russia in April, Belneftekhim said earlier this month..
CENTRAL ASIA & SOUTH CAUCASUS
Ten people test positive
for coronavirus at worker
camp near Tengiz oilfield in
Kazakhstan
The Kazakh government said on April 11 that 10 people have tested positive for the
coronavirus (COVID-19) at one of the worker camps located near the giant Tengiz oilfield in Kazakhstan.
The Chevron-led consortium, Tengizchevroil, which operates the oilfield, is the Central Asian nation’s leading
oil producer. The news came after the consortium told Reuters last week that it had taken measures to ensure the safety of its workers in order to avoid disruptions in output. The statement was made after a first case was confirmed at the 2,000-bed rotational village where the company’s workers and contractors stay during their weeks-long shifts.
The camp has been locked down and workers can only enter the Tengiz field after being quarantined for 14 days.
Tengizchevroil has also said that it will delay a planned maintenance turnaround until 2021.
Uzbekneftegaz announces
launch of new gas flow at
Oydin oil field
Uzbek state-run oil and gas firm Uzbekneftegaz has announced the launch
of a daily flow rate of 50,000 cubic metres and one tonne of gas condensate at Oydin oil field’s “well No.12”, UzDaily news agency reported, citing the company’s press service.
Oydin is part of the Shurtan group of gas fields. The newly added capacity was a result of an “overhaul” carried out by Oil and Gas Kuduularini Sinash.
“Perforation work was [also] carried out at the well in the intervals of 2735-2724 metres”, the report added.
Georgia’s state energy
company defers eurobond
issue
Georgia’s state-owned Oil and Gas Corporation (GOGC) has postponed
a planned eurobond issue due to unfavourable market conditions amid the coronavirus (COVID-19) crisis, a senior company official said on April 14.
GOGC said in November that it planned to issue eurobonds worth €300mn on the London Stock Exchange in April.
“We have decided to move our plans and postpone the issue until a more favourable period,” Omar Ogbaidze, GOGC’s chief financial officer, told Reuters.
GOGC issued a 5-year eurobond worth $250mn on the London Stock Exchange in 2016 to refinance a previous same- sized issue of 2012. JPMorgan acted as bookrunner for the 2016 issue.
The company planned to use the proceeds of the new Eurobond to refinance a previous issue maturing in 2021 and also to finance construction of a third power plant, in Gardabani.
The plant’s cost is estimated at $180mn.
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Week 15 15•April•2020