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2015-12-15 19:40:00

TAPI STARTS: $10 BLN

TAPI STARTS: $10 BLN

Turkmenistan on Sunday began building its segment of a natural gas pipeline to Afghanistan, Pakistan and India (TAPI), a $10 billion project designed to ease its dependence on Russia and China.

The ground-breaking ceremony took place near the city of Mary in the southeastern part of the Central Asian country, close to the giant Galkynysh gas field which is meant to provide gas for the 1,814-kilometre (1,127-mile) link.

"By December 2019, the pipeline will be completed," Turkmen President Kurbanguly Berdymukhamedov said at the ceremony.

"It will have a capacity of 33 billion cubic metres."

oilandgaseurasia.com

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More: 

CHINA'S GAS MEGA-PROJECT 

UNDEFINITE PIPELINE 

 

 

 

 

Tags: TAPI, GAS, PIPELINE

Chronicle:

TAPI STARTS: $10 BLN
2018, June, 20, 12:45:00

NORWAY'S OIL PRODUCTION 1.629 MBD DOWN 236 TBD

NPD - Preliminary production figures for May 2018 show an average daily production of 1 629 000 barrels of oil, NGL and condensate, which is a decrease of 236 000 barrels per day compared to April.

TAPI STARTS: $10 BLN
2018, June, 20, 12:40:00

LIBYA'S OIL PRODUCTION DOWN 400 TBD

PLATTS - Libyan crude production has fallen around 400,000 b/d -- or nearly halved -- due to militia attacks on the eastern oil terminals of Ras Lanuf and Es Sider, the head of the country?s National Oil Corp. said Tuesday.

TAPI STARTS: $10 BLN
2018, June, 20, 12:35:00

VENEZUELA'S OIL PRODUCTION DOWN

PLATTS - Venezuela's crude output averaged 1.36 million b/d in May, down from 1.41 million b/d in April, and 1.9 million b/d in May 2017, according to S&P Global Platts. The International Energy Agency said it could fall to 800,000 b/d or even lower next year.

TAPI STARTS: $10 BLN
2018, June, 20, 12:30:00

NIGERIAN OIL SALES

PLATTS - Nigerian oil has been slow to sell this month as bidders for the country's July-loading heavy and light sweet crudes have been absent from the market. Market participants pegged the amount of unsold Nigerian barrels loading in July at 20 million-34 million barrels, amounting to roughly 40%-75% of what is produced in a month.

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