|
Shafag-Asiman
Shafag-Asiman ( Azerbaijani: ''Şəfəq və Asiman'') is a large complex of offshore geological structures in the Caspian Sea located southeast of Baku, Azerbaijan. The Shafag and Asiman structures have been previously called D8 and D10, respectively. History The memorandum of understanding (MOU) for exploring the Shafag-Asiman structures was signed on July 13, 2009. According to the initial agreement, the offshore block will be jointly developed by BP and State Oil Company of Azerbaijan Republic (SOCAR). The MOU was signed by the President of SOCAR, Rovnag Abdullayev and Chief Executive of Exploration and Production of BP, Andy Inglis in the presence of President of Azerbaijan, Ilham Aliyev and former Prime Minister of the United Kingdom, Gordon Brown. The MOU was followed by signing of Heads of Agreement on basic commercial principles on joint exploration and development of the fields by Rovnag Abdullayev and President of BP Azerbaijan, Rashid Javanshir, on July 6, 201 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SOCAR
The State Oil Company of Azerbaijan Republic ( az, Azərbaycan Respublikası Dövlət Neft Şirkəti), largely known as SOCAR is fully state-owned national oil and gas company headquartered in Baku, Azerbaijan. The company produces oil and natural gas from onshore and offshore fields in the Azerbaijani segment of the Caspian Sea. It operates the country's only oil refinery, one gas processing plant and runs several oil and gas export pipelines throughout the country. It owns fuel filling station networks under the ''SOCAR'' brand in Azerbaijan, Turkey, Georgia, Ukraine, Romania and Switzerland. SOCAR is a major source of income for the authoritarian regime in Azerbaijan. The company is run in an opaque manner, as it has complex webs of contracts and middlemen that have led to the enrichment of the country's ruling elites. History Soviet era Azneft, a business that integrated the Azerbaijani oil industry was created after the Bolshevik Revolution through the nationalizati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Umid Gas Field
Umid gas field ( az, Ümid qaz yatağı) is the second largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately southeast of Baku, at a depth of . In translation from Azerbaijani, ''Umid'' means ''Hope''. History Umid field is a part of a block previously consisting of Umid and Babek fields. The geophysical works at Umid started in 1953 which were repeated in 1972. A total of 9 wells were drilled in the area from 1977 to 1992, however no commercially viable fields were discovered at the time. In 2009, SOCAR financed the exploration works at Umid itself. This is the first time since the Contract of the Century that Azerbaijan conducted exploration works entirely on its own. The discovery of 200 bcm and 30-40 million tons of condensate (around 270-360mn bbl) initially forecasted by Khoshbakht Yusifzadeh was announced by SOCAR on November 24, 2010 after successful drilling at on exploration platform ''Umid-1' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shah Deniz Gas Field
Shah Deniz gas field ( az, Şahdəniz) is the largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately southeast of Baku, at a depth of . The field covers approximately . Stretching out over 140 square kilometres, the reservoir is similar in size and shape to Manhattan Island. It is considered to be a founding link for the Southern Gas Corridor, aiming to bring additional and alternative natural gas volumes to EU member countries. History The Agreement on “the Exploration, Development, and Production Sharing (PSA)” for Shah Deniz area was signed between SOCAR and some oil companies of foreign countries on June 4, 1996. Azerbaijani Parliament confirmed the document of “the Exploration, Development, and Production Sharing (PSA)” on October 4, 1996. The Shah Deniz gas and condensate field was discovered in 1999. “An Intergovernmental” Agreement and a “Sale and Purchase” Agreement were signed by de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azerbaijan
Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia (Republic of Dagestan) to the north, Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city. The Azerbaijan Democratic Republic proclaimed its independence from the Transcaucasian Democratic Federative Republic in 1918 and became the first secular democratic Muslim-majority state. In 1920, the country was incorporated into the Soviet Union as the Azerbaijan SSR. The modern Republic of Azerbaijan proclaimed its independence on 30 August 1991, shortly before the dissolution of the Soviet Union in the same year. In September 1991, the ethnic Armenian majority of the Nagorno-Karabakh region formed the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas Fields In Azerbaijan
Nature, in the broadest sense, is the physics, physical world or universe. "Nature" can refer to the phenomenon, phenomena of the physical world, and also to life in general. The study of nature is a large, if not the only, part of science. Although humans are part of nature, human activity is often understood as a separate category from other natural phenomena. The word ''nature'' is borrowed from the Old French ''nature'' and is derived from the Latin word ''natura'', or "essential qualities, innate disposition", and in ancient times, literally meant "birth". In ancient philosophy, ''natura'' is mostly used as the Latin translation of the Greek word ''physis'' (φύσις), which originally related to the intrinsic characteristics of plants, animals, and other features of the world to develop of their own accord. The concept of nature as a whole, the physical universe, is one of several expansions of the original notion; it began with certain core applications of the word ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azeri Press Agency
Azerbaijanis (; az, Azərbaycanlılar, ), Azeris ( az, Azərilər, ), or Azerbaijani Turks ( az, Azərbaycan Türkləri, ) are a Turkic people living mainly in northwestern Iran and the Republic of Azerbaijan. They are the second-most numerous ethnic group among the Turkic-speaking peoples after Turkish people and are predominantly Shia Muslims. They comprise the largest ethnic group in the Republic of Azerbaijan and the second-largest ethnic group in neighboring Iran and Georgia. They speak the Azerbaijani language, belonging to the Oghuz branch of the Turkic languages and carry a mixed heritage of Caucasian, "The Albanians in the eastern plain leading down to the Caspian Sea mixed with the Turkish population and eventually became Muslims." "...while the eastern Transcaucasian countryside was home to a very large Turkic-speaking Muslim population. The Russians referred to them as Tartars, but we now consider them Azerbaijanis, a distinct people with their own language and c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trend News Agency
Trend News Agency ( az, Trend Xəbər Agentliyi) is an Azerbaijani news company which focuses on current affairs in the Caucasus region and Central Asia Central Asia, also known as Middle Asia, is a subregion, region of Asia that stretches from the Caspian Sea in the west to western China and Mongolia in the east, and from Afghanistan and Iran in the south to Russia in the north. It includes t .... History Founded in 1995 as a private media outlet in Azerbaijan, Trend News Agency is a news provider in the Caucasus, Caspian region and the Central Asia. Ilgar Huseynov is the director general of the agency. Trend News Agency has five news services - Azerbaijan, English, Russian, Turkish and Persian . The services provide news of countries and regions by placing more focus on ongoing events in languages appropriate to the specific audiences. Analytical reports and feature articles highlight major political, economic, energy developments and financial articles from the Sout ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Production Sharing Agreement
Production sharing agreements (PSAs) or production sharing contracts (PSCs) are a common type of contract signed between a government and a resource extraction company (or group of companies) concerning how much of the resource (usually oil) extracted from the country each will receive. Description Production sharing agreements were first used in Bolivia in the early 1950s, although their first implementation similar to today's was in Indonesia in the 1960s. Today they are often used in the Middle East and Central Asia,overall 40 countries worldwide. In production sharing agreements the country's government awards the execution of exploration and production activities to an oil company. The oil company bears the mineral and financial risk of the initiative and explores, develops and ultimately produces the field as required. When successful, the company is permitted to use the money from produced oil to recover capital and operational expenditures, known as "cost oil". The remaini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tony Hayward
Anthony Bryan Hayward (born 21 May 1957) is a British businessman and former chief executive of oil and energy company BP. He replaced John Browne, Baron Browne of Madingley, on 1 May 2007. His tenure ended on 1 October 2010 when he was replaced by Bob Dudley following the Deepwater Horizon oil spill, ''Deepwater Horizon'' oil spill. He was chairman of Glencore Xstrata from 2014 to 2021. Education and early career Tony Hayward was born in Slough, Buckinghamshire (now Berkshire), in 1957; the eldest son of Bryan and Mary Hayward. Tony has five sisters and one brother. Growing up Tony moved frequently but until a teenager lived in or near Slough. At the age of 15 when his sixth sibling was born Tony moved out of the family home and started living with his paternal grandparents in Langley (a suburb of Slough). Later on, his family moved to Bournemouth, Dorset. Tony however remained in Berkshire living with his grandparents and attended a local grammar school, Slough Technical High ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rashid Javanshir
Rashid or Rachid ( ar, راشد ) and Rasheed ( ar, رشيد ), which means "rightly guided", may refer to: *Rashid (name), also Rachid and Rasheed, people with the given name or surname *Rached, a given name and surname *Rashad, a surname Places *Rachid, Mauritania, a town at the foot of the Tagant Plateau *Rashid, Iran, a village in Khuzestan Province *Rashid, Yemen, a village *Rashid, alternate name of Tang-e Goraz, Iran *Rosetta, anglicized name of the city and port of ''Rashid'' in Egypt Characters *Rashid (Street Fighter), a character in the ''Street Fighter'' universe *Rashid Saluja, a character in the ''Magi'' universe Other uses * Egyptian frigate ''Rasheed'' *Rashid (lunar rover), a United Arab Emirates rover planned to land on the moon in 2024 *Rashidi dynasty, an Arabian dynasty from 1836 to 1921 *Rasheed Air Base, an Iraqi Air Force base on the outskirts of Baghdad, Iraq *Rasheed Bank, the second largest bank in Iraq *Rasheed Carbine, an Egyptian semiautomatic rif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heads Of Agreement (law)
A set of heads of agreement, heads of terms, or letter of intent is a non-binding document outlining the main issues relevant to a tentative sale, partnership, or other agreement. A heads of agreement document will only be enforceable when it is adopted into a parent contract and is subsequently agreed upon, unless otherwise stated. Until that point, a heads of agreement will not be legally binding. However, such documents can become legally binding if the agreement document contains terms or language which explicitly indicates an intention to be legally bound. Equally, a letter which contains no expression of whether its terms were intended to be binding can be found to be binding due to language used. This is also dependent on the circumstances of the transaction and includes the conduct of the parties themselves. A key function of Heads of Terms is to assist in the identification of critical issues as early as possible during negotiations which could stop a transaction going ah ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Natural Gas Fields In Azerbaijan")
