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In an important step toward fostering international collaboration and strengthening economic ties, the CEO of ICIEC, Mr. Oussama Kaissi, met with Mr. Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR). The meeting showcased the commitment of both organizations to furthering their mutual interests and strengthening cooperation and resulted in a shared commitment to exploring further collaboration between ICIEC and SOCAR. Both parties acknowledged the potential benefits of a strategic partnership that combines ICIEC's financial expertise and risk mitigation solutions with SOCAR's industry-leading experience in the oil and gas sector. #ICIECImpact #ICIECinAzerbaijan #PartnershipforGrowth #DevelopmentGoals #RenewableEnergy #ESG #NetZero
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10 Largest Azerbaijani Companies by Registered Capital The roster of top Azerbaijani enterprises by registered capital underscores the role of the oil and gas sector in this country’s economy. The leader is, however, CJSC Baku Metro, with an impressive registered capital of USD 1.51 billion. Since its establishment in 1967, this institution has overseen the operation, maintenance, and expansion of the metro system, comprising four lines and 24 stations. Following closely is CJSC Southern Gas Corridor, commanding a substantial capital of USD 1.42 billion. Formed in 2014, this entity is a joint venture between the Azerbaijani government (51% ownership) and the State Oil Company of Azerbaijan Republic (SOCAR, 49% ownership). Supported by the EU, its mission is diversifying Europe’s energy sources and reducing dependence on Russian gas through key projects: Shah Deniz natural gas-condensate field, South Caucasus Pipeline, Trans-Anatolian Natural Gas Pipeline, and Trans Adriatic Pipeline. Socar, ranking sixth in capital, plays the key role in the oil and gas sector. This includes Socar overseeing Azerigaz Production Association (PA), positioned at the 3rd place with USD 1.01 billion. This association distributes and sells natural gas sourced from various supply points. The Heydar Aliyev Oil Refinery, holding the ninth position with a registered capital of USD 557 million, processes 21 of 24 Azerbaijani oil types and 15 distinct oil products.
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The natural gas operations by the Coral Sul floating platform off the coast of the northern Mozambican province of Cabo Delgado, over the last year, has contributed 6.5 percent to the increase in the Gross Domestic Product (GDP).
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OAPEC, the Organization of Arab Petroleum Exporting Countries, is committed to promoting collaboration and stability in the global energy sector. Through the coordination of petroleum policies among Arab oil-producing nations, OAPEC contributes to the sustainable development of energy resources and ensures economic stability worldwide. Follow OAPEC for insights into their initiatives and contributions to the energy industry. #OAPEC #EnergyIndustry #GlobalCooperation #petrovit
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Prime Minister inspects the $3 billion Long An LNG Power Plant project On March 21, 2023, Prime Minister Nguyen Xuan Phuc and Deputy Prime Minister Truong Hoa Binh visited Long An International Port and the Long An LNG Power Plant project. Long An International Port is a project developed by Dong Tam Group, with a total area of 147 hectares, including 7 wharves capable of receiving ships of 30,000-70,000 DWT, and 4 barge berths capable of receiving barges of 2,000 tons. The project is divided into 3 phases with a total investment of nearly 10,000 billion VND. At the inspection, Prime Minister Nguyen Xuan Phuc highly appreciated the progress of the Long An International Port project. The Prime Minister also directed relevant agencies to continue to create favorable conditions for the project to progress on schedule and ensure quality. Then, the Prime Minister and his delegation visited and inspected the Long An LNG Power Plant I & II project. The Long An LNG Power Plant I & II has an area of about 90 hectares, located in the Southeast Asia Industrial Services Zone, within the Long An International Port Project. The plant uses liquefied natural gas (LNG) as fuel, with a total planned capacity of 3,000 MW, including 2 combined cycle gas turbine plants, each with a capacity of 1,500 MW. Prime Minister Nguyen Xuan Phuc highly appreciated the significance of the Long An LNG Power Plant I & II project for the socio-economic development of Long An province and the Mekong Delta region. The Prime Minister directed relevant agencies to continue to closely coordinate with the investor to ensure that the project progresses on schedule, ensuring quality and safety. It is expected that the Long An I Power Plant will be operational in December 2025, and the Long An II Power Plant will be operational in December 2026. The inspection of Prime Minister Nguyen Xuan Phuc at Long An International Port and the Long An LNG Power Plant project is an important event, demonstrating the Government's attention to the development of Long An province and the Mekong Delta region. #environment #industry #technology #company #netzero #investment #realestate #finance #raising #fundraising
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Ecuador in Talks to Take Over Control of Key Oil Pipeline The move follows years of debate in Ecuador about the role of private investment in the oil sector. Supporters of the takeover argue that it will give the government greater control over a key national resource and generate additional revenue. Critics, however, express concerns about potential mismanagement and a decline in operational efficiency under state control. Read more ▶️ https://lnkd.in/gsgrUPuk #pipelinejournal #pipelinenews #pipelineindustry #pipelines #Ecuador #oil
Ecuador in Talks to Take Over Control of Key Oil Pipeline
pipeline-journal.net
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CANADA'S TRANS MOUNTAIN WILL RELY HEAVILY ON LAST-MINUTE SHIPPERS Canada’s Trans Mountain Bets on Last-Minute Oil Shippers on High-Cost Pipeline https://hubs.la/Q02DFkgY0 Canada’s Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation’s financial projections show, clouding Ottawa’s efforts to sell the pipeline now that its C$34.2 billion ($25.04 billion) expansion is finished after years of delays. #canada #transmountain #oilshippers #oilandgasindustry #oilandgas #energyindustry #pipeline
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Equatorial Guinea: RoyalGate seeks arbitration over Africa Oil award https://lnkd.in/e-n6nzW6 * RoyalGate Energy has informed Equatorial Guinea that it intends to begin arbitration over Block Z, alleging "material breaches" from the Ministry of Mines and Hydrocarbons. 👉 Strategic Considerations in #Energy #Disputes #Arbitration https://lnkd.in/gdCvdd2
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Moving in the right direction.
Cedar LNG today announced that it has issued a Notice to Proceed to the engineering, procurement, and construction contractors following the finalization of long-term commercial offtake agreements. These critical milestones allow the project to proceed to secure financing, which is required prior to making a final investment decision, expected by the middle of 2024. “Today’s achievements mark an exciting time for our Nation as we seek to make Cedar LNG – the world’s lowest carbon and first Indigenous majority-owned LNG Facility – a reality in the coming months,” said Crystal Smith, Chief Councillor for Haisla Nation. “I am incredibly grateful to our Nation, all levels of government, Pembina and all our partners who have supported our journey to advance a project that protects our environmental and cultural values, while delivering prosperity for decades to come.” https://lnkd.in/ddT-pkPB #CedarLNG #HaislaNation #PembinaPipeline #ARCResources Haisla Nation Pembina Pipeline Corporation ARC Resources Ltd.
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Human Resource Officer @ KEMRI | MBA, HR Certification,HR Generalist|HRIS|Employee Relations|Payroll
1moNigeria we are coming.