Lukoil President of Uzbekistan Islam Karimov and Head of Lukoil Vagid Alekperov discussed on Tuesday in Tashkent construction of a modern gas processing plant in Bukhara region worth $3 billion, reported UzA.
MONTREAL - Attention to Central Asian energy is most often driven by such gigantic projects as the Turkmenistan-China pipeline or the question of doubling the volume of the oil pipeline of the Caspian Pipeline Consortium (CPC) from northwest Kazakhstan across southern Russia to the Black Sea or other such strategic projects having a trans-continental, or at least semi-continental, scale.
Ukraine, declaring its intention to develop the relations of strategic partnership with China, should be really cautious about the way of the promotion of the relations between Beijing and Moscow. Following the official terms, they have already reached the level of “comprehensive deepening of partnership and strategic interaction”.
Russia seems to have lost its lobbying battle in Europe for its South Stream pipeline carrying gas and against rival Nabucco, which is planned to run from Azerbaijan via Turkey to the European markets. At present, Moscow seeks as a last resort to negate the availability of gas supplies to the Nabucco project in the Caspian basin.
For Russian oil companies, the business climate in Europe is good, but a lot of fallacious information about the country still needs to be countered, Vagit Alekperov, founder and president of Lukoil, Russia's largest oil company, told n interview.
Prime Minister Vladimir Putin of Russia and Jadranka Kosor of Croatia discussed the oil transportation scheme known as Druzhba-Adria integration during Kosor’s recent visit to Moscow. The trip marked Croatia’s accession to Gazprom’s South Stream project and opened the way for Russian energy companies’ expansion to the Adriatic coast.
Considering the rapprochement of Russia and Uzbekistan observed in the middle of the first decade of the ХХIst century, the number of Russian companies, and first of all Gazprom and LUKOIL, managed to become leaders within Uzbekistani oil and gas industry and to “book” a number of biggest gas fields in the Republic being supported by the Government of the Russian Federation.
Russia's independent natural gas producers (IGPs) account for a growing share of domestic output, but they are now facing turbulent times amid the global financial crisis and the subsequent domestic economic downturn, as well as problems with sales and gas transit. The role of independent gas producers in Russia has increased over the past decade. Novatek and others have begun contributing significant volumes to the domestic market. In addition to the gas monopoly Gazprom, some 30 Russian companies produce more than 10 million cubic meters (mcm) a year.