Page 19 - FSUOGM Week 27

FSUOGM NEWS IN BRIEF FSUOGM

at Naftogaz aim [to] create more value CENTRAL ASIA & SOUTH Kazakhstan exceeds OPEC+
for the people of Ukraine,” commented
Naftogaz CEO Andriy Kobolyev on the CAUCASUS cuts quota in June
dividends paid by the company.
Naftogaz contributed almost UAH75bn STAR refinery in Turkey Kazakhstan reduced its oil output in June
in taxes and dividends to the state budget beyond the level it has agreed to cut as part of
in the first six months of the current boosts oil processing in Q1 the OPEC+ global production cut agreement
year. Revenues from Naftogaz to the state in order to compensate for its poor compliance
exceeded the $2.6bn compensation paid The STAR oil refinery in Turkey, controlled by seen in May, the Kazakh energy ministry said
by Gazprom to the company under the SOCAR Turkey, processed 3.4mn tonnes of on July 3.
Stockholm arbitration award that Naftogaz oil in January-April 2020, which is 2.5 times The Kazakh government signed a decree
was also instrumental in bring about. higher than the same period last year, local on May 11 to cut oil output starting from
media reported with reference to the Turkish May in line with a deal agreed in April
Energy Market Regulation Authority. by OPEC and non-OPEC oil producing
Azeri oil tanker arrives in produced 3.4mn tonnes of oil products, nations. Kazakhstan’s energy ministry
In the reported period, STAR refinery
said on May 1 that the ex-Soviet state was
Odessa to deliver oil to including 1.9mn tonnes of diesel, 13,485 reducing production at certain giant, large
and medium-sized oilfields to meet the
tonnes of high-sulfur fuel oil, 272,064
Belarus tonnes of jet fuel, 9,885 tonnes of other country's commitments under the OPEC+
deal on global output cuts.
intermediate oil products, 397,937 tonnes
A tanker with Azeri oil bound to Belarus of other oil products, 77,814 tonnes of The Central Asia produced 5.3mn
arrived at the port in Odessa, Ukraine, the liquefied gas, 408,513 tonnes of naphtha, tonnes of oil in June, or 1.297mn barrels
Belarusian media reported on June 30. 234,558 tonnes of petroleum coke, 124,760 per day (bpd), excluding gas condensate,
The tanker of the State Oil Company of tonnes of oil refinery gases, 2,057 tonnes of compared with 6.1mn tonnes of crude
Azerbaijan (SOCAR) left the Georgian port of high-sulfur diesel. produced in May, the ministry said. The
Supsa on June 26, and arrived at the Yuzhny Moreover, during the same period, country will continue to maintain this level
port in Odessa on June 30. the plant exported 680,765 tonnes of oil of production in August and September to
The tanker with 85,000 tonnes of Azeri products, including 650,796 tonnes of diesel offset the overproduction in May, it added.
oil arrived at the port Yuzhny on June 29 and 29,968 tonnes of jet fuel. Kazakhstan now plans to produce
and its supplies are expected to arrive at the SOCAR Turkey Enerji A.S. (SOCAR 85.2mn tonnes of oil in 2020, 86mn tonnes
Mozyr refinery in Belarus on July 10-15, Turkey), a subsidiary of SOCAR (State Oil in 2021 and 89.6mn tonnes in 2022.
Belneftekhim’s press secretary Alexander Company of Azerbaijan Republic) which is
Tishchenko has said. one of the most deep-rooted global oil and
Earlier, SOCAR delivered three batches natural gas companies, initiated its business
of oil to Belarus in March with a total mass operations in Turkey upon acquisition of
of about 250,000 tonnes and one batch of 51 percent of the shares of Petkim from the
85,000 tonnes in April. Privatization Administration in 2008.
According to the information, SOCAR The STAR refinery was commissioned
may deliver up to 1mn tonnes of oil to in October 2018 and is designed to process
Belarus in 2020. such oil grades as Azeri Light, Kerkuk and
Oil supplies from Azerbaijan to Belarus Urals. The refinery is designed to produce
in the southern direction through Ukraine 1.6mn tonnes of naphtha, 1.6mn tonnes
were resumed in March due to lack of of jet fuel, 4.8mn tonnes of diesel with
imports from major Russian companies due very low sulfur content, 700,000 tonnes of
to price discrepancies. petroleum coke, 420,000 tonnes of mixed
xylene, 480,000 tonnes of reformate and
160,000 tonnes of sulphur.

Week 27 08•July•2020 www. NEWSBASE .com P19