Killajoules

Memorandum for construction of Trans Anadolu Gas Pipeline signed
On December 26, Azerbaijan's Industry and Energy Ministry and Turkey's Energy and Natural Resources Ministry signed a memorandum of understanding (MoU) concerning the construction of the Trans Anadolu Gas Pipeline (TANAP). The MoU was signed by Azerbaijan's Industry and Energy minister Natig Aliyev and Turkey's Energy and Natural Resources minister Taner Yildiz.

Gazprom to increase Azerbaijani gas purchase to 3 billion cubic meters in 2012
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR).

AGRI Company announces Request for Proposals for preparation of feasibility study of Azerbaijan - Georgia - Romania - Hungary In
SC AGRI LNG PROJECT COMPANY SRL ("AGRI") announced the Request for Proposals related to the preparation of the feasibility study, the scope of which is to assess the technical, financial and economical viability of the energy cooperation project named Azerbaijan - Georgia - Romania - Hungary Interconnector.

PKN ORLEN has signed an agreement with SOCAR for crude oil deliveries
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 26 October 2011 it signed a spot agreement with Socar Trading S.A., Geneve, Switzerland („SOCAR”) for crude oil deliveries to Unipetrol RPA, s.r.o (“Unipetrol RPA”). The estimated net value of the agreement amounts to USD 67 million (i.e. approximately PLN 211 million, based on the average PLN/USD exchange rate as of 26 October 2011, as stated by the National Bank of Poland).

Azerbaijan: Total makes a major gas discovery in the Caspian Sea
:Total announces a major gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan.

Shah Deniz issues a request for proposal to potential export pipelines
On August 9, SOCAR as leader of the Shah Deniz Export Negotiating Team announced that a request for proposal (RFP) and a request for information (RFI) has been issued to the three main prospective EU pipeline groups for transit of Shah Deniz gas to Europe. These are IGI Poseidon, Trans-Adriatic Pipeline and Nabucco.

Foster Wheeler and SOCAR to Form a New Joint Venture Company in Azerbaijan
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has signed a Memorandum of Understanding (MoU) to cooperate to form a jointly-owned company with The State Oil Company of Azerbaijan Republic (SOCAR) in the Republic of Azerbaijan.

Azerbaijani Parliament Ratifies Shafag-Asiman PSA
On May 6, the Parliament of the Republic of Azerbaijan ratified the new production sharing agreement (PSA) between BP and SOCAR on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea.

Catalytic cracking unit commissioned at Heydar Aliyev Oil Refinery
A catalytic cracking unit # 55 was commissioned at the Heydar Aliyev Oil Refinery after overhauls. The mentioned installation is the plant’s largest and most important production area. Following the repairs, products indicators have considerably increased.

Alexey Miller and Rovnag Abdullayev agree to increase Azerbaijani gas purchases
Saint Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR).