Natural gas occupies a leading position as a way to meet the world’s growing energy needs. According to an analysis by the International Energy Agency, natural gas consumption will grow by almost 20% by 2030 and will remain at the same level until 2040. Murad Archaev, Deputy Chairman of Turkmengaz State Concern, told about this […]
OGT 2024: Turkmenistan Welcomes Foreign Partners for Caspian fields development
At the first panel discussion of the OGT 2024 conference, the chairman of the State Concern “Turkmennebit” Guvanch Agajanov presented the information on the Caspian fields, available for investment partnership. These are blocks 11, 12, 16, 21, and 23. All of them offer comprehensive geological data, providing potential investors with useful insights. Moreover, touching upon […]
The Minister of Energy of Uzbekistan will participate in OGT 2024
The Minister of Energy of the Republic of Uzbekistan, Jurabek Mirzamakhmudov, will be a guest at the International Conference and Exhibition “Oil and Gas of Turkmenistan – 2024” (OGT 2024), which will take place in Ashgabat from October 23-25 of this year. The distinguished guest will be one of the speakers in the session “New […]
OGT 2024 Attracts Global Attention
Preparation for the 29th International Conference and Exhibition “Oil and Gas of Turkmenistan” (OGT 2024), which will be held from October 23 to 25 in Ashgabat, is progressing rapidly. The event, organized by the State Concerns “Turkmengas” and “Turkmennebit,” the Chamber of Commerce and Industry of Turkmenistan, and the State Corporation “Turkmengeology,” has drawn the […]
Yug-Neftegaz Private Limited – a Silver Partner of the OGT 2024
Yug-Neftegaz Private Limited is proud to announce its status as a Silver Partner of the XXIX International Oil and Gas Conference and Exhibition of Turkmenistan (OGT 2024). This prestigious event will be held in Ashgabat from October 23 to 25, 2024. OGT 2024, a premier international conference and exhibition focused on Turkmenistan’s oil and gas […]
Kazakhstan’s Oil Industry: A Century of Growth
nCa Report Kazakhstan’s oil industry has a rich history dating back over a century. The country’s first oil production began in the eastern Karashungul field in 1899, with an initial daily output of 22-25 tons. The oil was transported by camel to the coast of the Caspian Sea, where it was loaded onto ships. Kazinform […]
Dragon Oil opens new regional office in Turkmenistan
Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil, wholly owned by the Government of Dubai, inaugurated in Ashgabat, Turkmenistan, the company’s largest regional office outside the United Arab Emirates. The inauguration was attended by Dragon Oil’s high-level official delegation of board members, reinforcing the company’s expansion of investments in the […]
Туркменистан и XP Up green разработают совместный план действий по обеспечению экологической целостности и повышению эффективности использования нефтяных и газовых месторождений
Туркменская делегация, находясь с визитом в Европейском Союзе, провела ряд важных встреч не только с официальными лицами ЕС, но и с представителями бизнеса, в частности, с генеральным директором компании XP Upgreen, Бартом Вотериксом. XP Upgreen является компанией, которая активно внедряет новейшие европейские технологии в сфере увеличения объема добычи углеводородов, а также направлена на сокращение выбросов […]
Turkmenistan and XP Upgreen to develop joint action plan environmental integrity and enhanced efficiency of oil and gas fields
The Turkmen delegation, while visiting Brussels, held a series of important meetings not only with EU officials but also with business leaders, particularly with Bart Wauterickx, Managing Director of XP Upgreen. XP Upgreen is a company actively implementing the latest European technologies in enhancing hydrocarbon production volumes and aimed at reducing methane emissions, making it […]
Kazakhstan has 78 billion tons of oil reserves. Caspian explorations may push it to 1 Trillion tons.
The estimated reserves of domestic oil of Kazakhstan amount to 78 billion tons. This information was provided by the Chairman of the Geology Committee of the Ministry of Industry and Construction of Kazakhstan, Erlan Akbarov, while answering a question by the news service Kazinform. He said that currently, the country has oil reserves equal to […]
Iran – pressure-boosting project at South Pars could generate USD 900 billion in revenues
Iran has recently awarded a USD 20 billion project to a consortium of Iranian companies for enhancing the natural gas output from its part of the South Pars field by applying the pressure-boosting solutions. This was reported by Shana, the specialized news service of Iran, and subsequently repeated by a large number of Iranian and […]
Petrofac awarded contract to maintain giant gas field in Turkmenistan
Petrofac, a leading provider of services to the global energy industry, has secured a new deal to support operations at the Galkynysh Gas Field in Turkmenistan, according to company’s press release. This three-year contract, valued at over $200 million, builds on Petrofac’s previous successful cooperation Turkmengas State Concern on the massive gas field. The contracts […]
Plant from Transnistria to Supply Pumping Equipment to Turkmenistan
Elektromash, a leading manufacturer of electric motors and related equipment located in Transnistria, Moldova, will deliver pumping units to an oil field in Turkmenistan. The NA140D63 pumping units, manufactured by Elektromash for ENI Turkmenistan, will be used for pumping oily liquids at the Burun production site in the city of Balkanabad. This project marks Elektromash’s […]
Erdogan Awarded “Honorary Elder of Turkmenistan” Title, Turkmenistan and Türkiye Sign Oil and Gas Cooperation Deals
On Friday, 1 March 2024, National Leader of the Turkmen people and Chairman of the People’s Council of Turkmenistan Gurbanguly Berdimuhamedov met with President Recep Tayyip Erdoğan of Türkiye on the sidelines of the 3rd Antalya Diplomacy Forum. The meeting addressed bilateral relations between Türkiye and Turkmenistan, regional and global issues, according to press-service of […]
Bozhong of China is now the world’s largest offshore metamorphic rock hydrocarbon field
nCa Report Several sources including Upstream and WorldOil have reported that CNOOC Ltd., China’s state-run offshore O&G company, has made an additional gas discovery at its Bozhong 26-6 field. The discovery of an additional 40 MMcmg (1.4 Tcfg) now brings Bozhong’s proven reserves to 200 MMcmg (7.1 Tcfg), and thus is reputedly the largest metamorphic […]
Turkmenbashi Refinery Unveils Eco-Friendly “Hydro Plus” Fuel
The Turkmenbashi Oil Refinery Complex has achieved a significant milestone with the release of a pilot batch of “Hydro Plus,” a new eco-friendly hydrotreated fuel. According to the Neutral Turkmenistan newspaper, the 3,000-ton batch marks a promising step towards cleaner and more efficient fuel options. Laboratory testing confirmed that “Hydro Plus” meets international quality standards, […]
Paris to host Turkmen Energy Investment Forum (TEIF 2024) on 24-25 April 2024
Paris will host the International Forum to attract foreign investments in Turkmenistan’s energy sector (TEIF 2024), held 24-25 April 2024 at Hyatt Regency Etoile Hotel. The organizers of the forum are the State Concerns “Turkmengas” and “Turkmennebit” in partnership with “Turkmen Forum” and UK-based GaffneyCline. As the world embarks on a massive energy transition, so […]
Dragon Oil successfully completes 3D seismic exploration at Block 19 in the Turkmen sector of the Caspian Sea
The management of the Turkmennebit State Concern (Turkmen oil) held a meeting with a delegation of Dragon Oil (United Arab Emirates) headed by Chief Executive Officer Ali Rashid Al-Jarwan, the International Information Center of Turkmenistan reports. In January of this year, Dragon Oil and Turkmennebit signed a Memorandum of Understanding providing for the expansion of […]
Registration for International Forum to Attract Foreign Investments in Turkmenistan’s Energy Sector is now open
The International Forum to Attract Foreign Investments in Turkmenistan’s Energy Sector will be held in Paris on 24-25 April 2024. The Forum’s principal organizers are the State Concerns “Turkmennebit” and “Turkmengas”, and the State Corporation “Turkmengeology” in partnership with Turkmen Forum and UK-based GaffneyCline. Follow this link to register for this major international energy investment […]
Turkmenistan and Iran Explore Expansion of Oil and Gas Cooperation
Oil and gas cooperation became one of the key themes during the meeting between President of Turkmenistan Serdar Berdimuhamedov and Iranian Oil Minister Javad Owji on Thursday, 18 January 2024. Both sides underscored the growing potential for cooperation in the area. “I believe that the exchange of views between specialists in this field will be […]
Turkmenistan’s flagship oil refinery exports 1.3 Million Tons of petroleum products in 2023
The Turkmenbashi complex of oil refineries (TCOR), a flagship of the State Concern Turkmennebit, exported 1.3 million tons of finished petroleum products to international markets in 2023, the oil and gas complex of Turkmenistan reports. In 2023 TCOR processed over 4.5 million tons of crude oil, translating to a total production of 4.053 million tons […]
Dragon Oil adds three new fields to its portfolio of assets in Turkmenistan
Dragon Oil Company, owned by the government of Dubai, has signed a Memorandum of Understanding with the State Concern Turkmennebit (Turkmen Oil), the UAE’s official news agency WAM reports. The agreement provides for the expansion of Dragon Oil Company’s investments in the promising oil and gas sector of Turkmenistan, which includes three new oil fields […]
Paris to host International Forum to Attract Foreign Investments in Turkmenistan’s Energy Sector
The International Forum to Attract Foreign Investments in Turkmenistan’s Energy Sector will be held in Paris on 24-25 April 2024. The Forum’s principal organizers are the State Concerns “Turkmennebit” and “Turkmengas”, and the State Corporation “Turkmengeology” in partnership with Turkmen Forum and UK-based GaffneyCline. The purpose of this event is to expand the opportunities for […]
Dragon Oil opens its largest regional office in Turkmenistan
Dragon Oil Company, wholly owned by the Dubai Government, opened its largest regional office outside the country in Ashgabat, the capital of Turkmenistan, in the presence of a high official delegation from the Turkmenistan Government, led by Guvanch Agajanov, Chairman of the SC Turkmennebit. The opening ceremony was attended by Rashid Al Jarwan, CEO of […]
Turkmenistan and Azerbaijan discuss energy cooperation – SOCAR office opens in Ashgabat
As part of a working visit to Turkmenistan, Economy Minister of Azerbaijan Mikail Jabbarov and President of the State Oil Company of Azerbaijan SOCAR Rovshan Najaf met with Deputy Chairman of the Cabinet of Ministers for the Oil and Gas Sector Batyr Amanov. During the meeting, the following key issues of bilateral energy cooperation were […]
Pakistan Embraces Russia’s Role in TAPI Pipeline and Seeks Increased Oil Imports
In a recent interview with TASS, Pakistan’s newly appointed Ambassador to Russia, Muhammad Khalid Jamali, expressed the country’s support for Russia’s participation in the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project. “Our country lacks energy resources. Pakistan would love to join the [projects of] Central Asia, Afghanistan and others. We are not against Russia’s participation in TAPI […]
OGT 2023: Turkmenistan’s hydrocarbon resources exceed 71 billion tons of oil equivalent
On 25 October 2023, the flagship event of the oil and gas industry of Turkmenistan – the exhibition and international conference “Oil and Gas of Turkmenistan 2023” (OGT2023) started in Ashgabat. The 28th forum hosts a grandiose number of participants – more than 700 delegates from 46 countries of the world. This fact testifies to […]
OGT-2023: Message of president of Turkmenistan to participants
Dear delegates of the international conference and exhibition! I sincerely congratulate you on the start of the XXVIII International Conference and Exhibition “Oil and Gas of Turkmenistan – 2023,” organized in beautiful Ashgabat in the year with the motto “Happy youth with Arkadag Serdar”! The industry exposition and conference “Oil and Gas of Turkmenistan”, which […]
China and Kazakhstan Discuss Prospects for Increasing Oil Exports
On 3 October 2023, President Kassym-Jomart Tokayev met with Chairman of the Board of Directors of CNPC Dai Houliang to discuss prospects for further cooperation between Kazakhstan and China National Petroleum Corporation (CNPC) in the oil and gas industry. Tokayev emphasized the importance of continuing work on the exploration and production of hydrocarbons. The sides […]
Mitro International Limited is a Silver partner of the 28th International Conference and Exhibition “Oil and Gas of Turkmenistan” (OGT 2023)
The XXVIII International Conference and Exhibition “Oil and Gas of Turkmenistan” (OGT 2023), which will be held in Ashgabat on October 25-27, will bring together oil and gas industry specialists from different countries, heads of leading specialized companies, as well as high-ranking representatives of international organizations to discuss topical issues of prospecting, exploration and production […]
Oil and gas complex of Turkmenistan: development priorities
Batyr Amanov, Deputy Prime Minister of Turkmenistan Turkmenistan is on the threshold of a significant, truly fateful date – the 32nd anniversary of independence. Over the years of sovereign development, Turkmenistan has achieved impressive success in socio-economic development. The oil and gas industry, being one of the leading sectors of the national economy, plays an […]
Dragon Oil – Diamond Partner of the XXVIII International Conference and Exhibition “Oil and Gas of Turkmenistan-2023”
Ashgabat has started active preparations for the XXVIII International Conference and Exhibition “Oil and Gas of Turkmenistan – 2023” to be held on October 25-27, 2023. The event is organized by the State Concerns “Turkmengas”, “Turkmennebit”, the Chamber of Commerce and Industry of Turkmenistan, and the State Corporation “Turkmengeology” in partnership with Turkmen Forum with […]
Ashgabat Prepares to Host Oil and Gas Expo and Conference OGT-2023
Preparations continue for the XXVIII International Conference and Exhibition “Oil and Gas of Turkmenistan – 2023” (OGT-2023), which will be held on October 25-27, 2023 in Ashgabat. To date, more than 150 delegates from 20 countries have confirmed their participation in the conference. Reputable speakers representing large energy companies and organizations confirmed their speeches, including […]
Kazakhstan and Russia ink hydrocarbon deals worth $8 billion
Kazakhstan and Russia have signed contracts worth more than $8 billion for the exploration of complex hydrocarbon deposits. This was announced by the Petrol Council of Kazakhstan with reference to the country’s Energy Minister Almasadam Satkaliev. One of the contracts was signed between the national operator of the oil and gas industry of Kazakhstan “KazMunayGas” […]
Turkmenistan: East Cheleken Oil and Gas Production Soars
At the beginning of last year at the East Cheleken field on the Caspian coast of Turkmenistan, the first directional evaluation well was drilled. Currently, the daily crude production from this well, located in the shallow part of the Caspian Sea, reaches 10-12 tons per day, the newspaper “Turkmenistan” writes. The directional drilling is not […]
Prices of oil and gas are rising but Central Asia must remain cautious
nCa Analysis The prices of oil and gas are rising in the world markets but that is no reason for Central Asia to abandon its cautious policies. As recorded on 9 August 2023, the price of gas suddenly jumped by 22%, reaching USD 430 per thousand cubic meters on Dutch benchmark. Brent crossed USD 87 […]
Abu Dhabi National Oil Company acquires 30% stake in Caspian field of Azerbaijan
Abu Dhabi National Oil Company (ADNOC) is at the threshold of acquiring 30% equity stake in the Absheron gas and condensate field in the Caspian Sea. The agreement will be signed with SOCAR and TotalEnergies, who hold 50/50 shares in the field. Both of them will shed 15% each for acquisition by ADNOC. The total […]
Global Multi-Energy Company TotalEnergies starts production in the Caspian gas field in Azerbaijan
TotalEnergies, global multi-energy company, and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announce the start of production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea, TotalEnergies said in a press release. This first phase connects a subsea production well to a new […]
Kazakhstan is expanding its oil tanker fleet to meet supplies commitment on Transcaspian route
On 4 July, two oil tankers “Taraz” and “Liwa” was handed over to Kazakhstan in Galati (Romania), the National Oil Company of Kazakhstan KazMunayGaz reported. The owner of the new tankers with a deadweight of 8000 tons is a joint venture “Caspian Integrated Maritime Solutions Ltd”, whose shareholders are the National Maritime Shipping Company “Kazmortransflot” […]
Breakthrough: Pakistan receives Russian oil; pays in Chinese Yuan
Pakistan has received a shipment of crude oil from Russia through the seagoing tankers. According to several media outlets including the Reuters and OilPrice, the delivery is part of a G2G (government-to-government) contract. Pakistan has made the payment in the Chinese currency Yuan (RMB), told the Petroleum Minister of Pakistan, Musadik Malik, speaking to Reuters by […]
Surprise decision of OPEC+ to cut production leads to increase in price – Fitch predicts oil situation from ‘moderate surplus’ to ‘deficit’ this year
The decision of the OPEC+ to cut the oil production down took the markets by surprise. The price in Brent crude jumped suddenly from USD 80 to USD 85 per barrel, an increase of about 7-8%, Saudi Arabia, Russia and their oil-producing allies announced on Sunday, 2 April 2023, that they would cut production by […]
Kazakhstan steps up efforts to diversify oil export routes
The Kazakhstan’s port of Aktau on the Caspian shore has sent the first pilot shipment of 6,900 tons of oil from the country’s supergiant Kashagan field to the port of Baku for onward export, KazTransOil reports. The oil shipper is INPEX North Caspian Sea, Ltd, based in Tokyo. According to Hiroshi Ikeda, Director of the […]
As OPEC notes upward trend in world oil demand, the consumers should remain wary of market volatility, price fluctuations
The OPEC, in its latest monthly has revised upward the global oil demand for 2023. This is based on the market activity in January 2023. https://momr.opec.org/pdf-download/ The OPEC predicts that the oil demand will increase by 2.32 million barrels per day (bpd) in 2023 to reach 101.87 million bpd, with some minor upward adjustments due […]
Last week Iranian oil ministry delegation had meetings in Turkmenistan, offered cooperation in several areas
An Iranian delegation led by the Deputy Oil Minister for Engineering, Research, and Technology Vahid-Reza Zeidifard was in Turkmenistan for the 14th special exhibition of Iran in Ashgabat. The delegation had meetings on the sidelines of the event, exchanging views with the senior officials of the state concern Turkmengaz, state concern Turkmennef, and the state […]
Oil production in Kazakhstan in 2022: 84.2 million tons
Kazakhstan produced 84.2 million tons of oil and condensates in 2022, reports Kazinform, the prime news service of Kazakhstan. The Kazinform correspondent reports that according to the Minister of Energy of Kazakhstan Bolat Akchulakov, it amounted to 84.2 million tons, or 101.6% of the plan. According to the minister, 9.2 million tons of oil or […]
2023 Energy Outlook – ING Group Report
Predicting about the markets, particularly the oil and gas markets, falls in the genre of educated guess. The financial and analytical institutions are among the many sources for such predictions. The people in and related to the oil and gas sectors need to get acquainted with the incoming and fresh predictions to make their own […]
Petronas announces first oil at Garagol Deniz Oil Development Project
Ashgabat, Turkmenistan, 19 October 2021 – PETRONAS Carigali (Turkmenistan) Sdn Bhd (PC(T)SB) reached a significant milestone when it achieved first oil from the Garagol Deniz West (GDW) Oil Development project on 5 August 2021. The GDW field is located in Block 1, Turkmen Sector of the Caspian Sea. The 6,000 bp/d oil production from the […]
For foreign partners of Turkmenistan in hydrocarbon sector – time to push the horizon – Part 2
Tariq Saeedi The government of Turkmenistan frequently mentions the need for diversification in its policy statements. What is the concept of diversification from the point of view of Turkmenistan? From time to time we have spoken to different senior officials in Turkmenistan about their idea of diversification. Here is what we have learned: There are […]
Для зарубежных партнеров Туркменистана в углеводородном секторе – время раздвинуть горизонты сотрудничества – Часть 2
Тарик Саиди Правительство Туркменистана часто упоминает о необходимости диверсификации в своих политических заявлениях. Что такое концепция диверсификации с точки зрения Туркменистана? Время от времени мы беседовали с различными высокопоставленными чиновниками в Туркменистане об их идее диверсификации. Вот что нам удалось узнать: Туркменистане выделяет четыре основных компонента концепции диверсификации: Диверсификация как часть целостного подхода Туркменистан придерживается […]
Volatile oil futures in 2020 – whither Central Asia
nCa Commentary It is as if the analysts are taking out vastly differing rabbits from one big hat as far as the predictions about the oil prices next year are concerned. The Central Bank of Russia issued its updated macroeconomic forecasts on 9 September 2019 in which it does not rule out the oil prices […]