[ad_1] Auctions announced in 2019 for additional gas volumes via the Trans-Adriatic Pipeline (TAP), intended to transport natural gas produced in Azerbaijan to Europe, failed. Murad Heydarov, a member of the Board of Directors of the TAP consortium, told Report. “According to him, these auctions were to be completed in 2020: However, the deadline for… Continue reading TAP official: Gas market participants do not want to take long-term commitments – EXCLUSIVE
Tag: commitments
Azerbaijan fulfills commitments under OPEC+ deal in June
[ad_1] Azerbaijan fulfilled its commitments under the OPEC+ deal in June 2021. The volume of oil production (including condensate) in the country amounted to 705,100 barrels, Report informs referring to the Azerbaijani Energy Ministry. Of this production volume, 610,000 barrels account for crude oil and 95,100 barrels for condensate. “By producing 610,000 barrels of oil… Continue reading Azerbaijan fulfills commitments under OPEC+ deal in June
Kazakhstan in May slightly deviated from commitments under OPEC+
[ad_1] Kazakhstan slightly deviated in May from its commitments to OPEC+ on oil output, the republic promises to comply with the obligations under the agreement, according to the Kazakh Energy Ministry, Report informs referring to Kazakh media. “According to preliminary data, 7.3 million tons of oil were produced in the Republic of Kazakhstan in May.… Continue reading Kazakhstan in May slightly deviated from commitments under OPEC+