Brazilian Shipbuilder Urges Russia to Strengthen Maritime Ties
AMEC Kromav, the Rio de Janeiro-headquartered specialist company for shipbuilding and offshore activities, has urged Russian industry to take full advantage of Brazil’s multibillion dollar offshore industry opportunities. In a comprehensive presentation at NEVA in St Petersburg, Rosalo Sales, Director of Business Development & Strategic Planning at AMEC Kromav told delegates that the Petrobras Business Plan 2013-2017 had scheduled investments of more than $230 billion in Brazil (95%) and $11.7 billion (5%) overseas, with opportunities for annual contracts worth $28.4 billion alone in Brazil. “The current oil tanker fleet must go through a $101 billion or $14.2 billion per annum modernization program by 2020…
Azerbaijan to Double Oil Production
Azerbaijan plans to double its oil output by 2010, the country's energy minister said Wednesday. Azeri Energy Minister Natiq Aliyev said the Caspian nation's crude production, which stood at 32.3 million tons last year, would reach 65 million tons in 2010. Aliyev said most of the oil would be produced at the Azeri-Chiraq-Guneshli offshore fields. Another offshore field, the Shah Deniz gas project, will account for the bulk of the nation's natural gas output, which is expected to reach 30 billion cubic meters in 2010. Crude supplies began last year via the $4 billion Baku-Tbilisi-Ceyhan pipeline that allows the West to tap oil from the Caspian Sea fields.
