Government and society: page 4

Baku. The first cargo of polypropylene was produced for testing purposes at the SOCAR Polymer, a polymer plant of Azerbaijan’s state oil company SOCAR, in Sumgait city on Feb. 27, the SOCAR said in a message Feb. 28. The test production process took place with the ...

Minsk. On 1 March 2018 Belarus will reduce customs duties on oil and petroleum products, which are exported beyond the customs territory of the Eurasian Economic Union (EAEU). The decision is laid down by the Council of Ministers' resolution No. 145 of 23 February 2018, BelTA learned from ...

Moscow. Italian Intesa Sanpaolo banking group is ready to finance the Nord Stream 2 gas pipeline project, if Brussels does not impose any sanctions, Antonio Fallico, bank's board of directors chairman, told Sputnik. "We are waiting for the decision of the EU Commission ...

New Delhi. INDIA and Saudi Arabia discussed investment opportunities in a proposed oil refinery on the west coast of India with a capacity of 1. 2 million barrels per day and a petrochemicals project in the southern city of Kakinada. “They are more than interested, we are discussing ...

Oslo. An abundance of oil and gas can be a curse if not managed properly. In academic circles it’s called Dutch Disease, a term that was coined after the Netherlands suffered a decline in manufacturing following the discovery of major petroleum riches. Other countries have fared ...

Bucharest. Romania will remain a supporter of the Southern Gas Corridor Project and its development plans, Deputy Minister of Energy of Romania Iulian Tudorache told Trend. "The Southern Gas Corridor project is an extraordinary example of what can be done when countries work together ...

Moscow. The Gazprom Board of Directors addressed the information about the Company’s efforts aimed at improving financial discipline with regard to domestic gas supplies and the measures taken to settle the outstanding consumer debt. It was highlighted that in 2017, as in previous ...

Novo-Ogaryovo, Moscow Region. President of Russia Vladimir Putin had a working meeting with Chairman of the Board of Directors of Severstal Alexei Mordashov, who updated the President on the company’s performance last year, the potential for its development and the implementation of ...

Caracas. Investors have purchased some $735 million worth of Venezuela’s oil-backed cryptocurrency on the very first day of pre-sale, according to President Nicolas Maduro, who praised it as means of breaching the US financial blockade. "Today, a cryptocurrency is being born ...

Athens. All line-pipes to be used in the Greek section of the Trans Adriatic Pipeline have been delivered, TAP AG Country Manager for Greece, Katerina Papalexandri said on the sidelines of the Athens Energy Forum. In Greece, she noted, construction is ongoing in all three Northern Regions ...

Perm. During his working visit to Perm Region, President of LUKOIL Vagit Alekperov, jointly with Governor Maxim Reshetnikov, held meetings with employees of LUKOIL's subsidiaries, contractors and service companies in the city of Perm and the town of Chernushka. The main focus of the ...

Moscow. Russian giant Gazprom is considering the potential of delivering liquefied natural gas (LNG) supplies to Pakistan. The country’s foreign minister Sergey Lavrov said the company is focusing on the construction of the North-South pipeline from Karachi to Lahore under the ...

Caracas. The pre-sale of Venezuelan own cryptocurrency "Petro, " which is backed by the country's oil reserves, has started. Venezuelan President Nicolas Maduro announced on Twitter that the cryptocurrency that has been launched at 4 am GMT was poised to strengthen the ...

Tel Aviv. An Egyptian company will buy $15 billion of Israeli natural gas in two 10-year agreements announced on Monday, a major deal that Israel hopes will strengthen diplomatic ties. The partners in Israel’s Tamar and Leviathan offshore gas fields said they would supply the private ...

Usinsk. President of LUKOIL Vagit Alekperov and the Head of the Republic of Komi, Sergey Gaplikov, signed yet another protocol to the Agreement on Cooperation between the company and the region, in Usinsk. According to the document which defines areas of social and economic development for ...

Moscow. The need to support oil refineries has been long discussed in Russia. In Autumn 2017 the head of Finance Ministry Anton Siluanov suggested reducing the export fee. He explained that it would enable to finalize the long-discussed tax move in the petroleum industry. A few days ago ...

Novo-Ogarevo. Russian President Vladimir Putin praised high results of Gazprom's activities and expressed the hope that the company will continue to work with the same efficiency. Speaking during a video conference with the new sport facilities built as part of the social program Gazprom ...

Abu Dhabi. Abu Dhabi awarded a second slice of its offshore oil concessions in as many weeks, this time to Spanish refiner and producer Cia Espanola de Petroleos SA for a $1. 5 billion fee. Government-owned Abu Dhabi National Oil Co. awarded Madrid-based Cepsa a 20 percent stake in ...