Government and society: page 4

Baku. More than 90 percent of construction work has been completed on the Albanian section of the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, Albanian Ministry of Infrastructure and Energy told Trend. Albania estimates that the overall ...

Almetyevsk. A PJSC TATNEFT employees conference, which summed up the Company's activities results and fulfillment of the Collective Agreement for 2018, as well as outlined the tasks for 2019, was held in the city of Almetyevsk (Republic of Tatarstan). The annual event work was attended ...

Moscow. Gazprom Neft has concluded a tripartite Cooperation Agreement with Politecnico di Torino* and the Peter the Great St Petersburg Polytechnic University (Polytech) — the signatories to this document being Vladislav Baryshnikov, Deputy CEO for International Business Development, ...

Tehran. Iranian Minister of Petroleum Bijan Zangeneh said the country would be recovering natural gas and crude oil from 27 phases of the massive South Pars gas field by late March 2020. Addressing a press conference in the southern city of Assaluyeh on Saturday evening, the official said ...

Baku. Novatek is ready to consider sale of up to 30% in Arctic LNG 2 project to Saudi Aramco in case of favorable terms, Chief Executive Officer of Russia’s gas producer Leonid Mikhelson told reporters. "They [Saudi Aramco representatives] are considering such a stake [of up to ...

Baku. It is necessary to continue the cooperation within OPEC+, Parviz Shahbazov, Minister of Energy of Azerbaijan said during a press conference following the OPEC+ meeting in Baku, Trend reports. "Given the current stability and balance in the oil market, we have no other way than ...

Baku. The participating countries of the OPEC+ agreement see no need to revise the parameters of the deal on crude production cut, Russia’s Energy Minister Alexander Novak told reporters. "Currently we see no such need. At least, that was not discussed at today’s meetings. ...

Baku. Saudi Arabia said on Sunday OPEC’s job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U. S. sanctions on Iran and Venezuela, signaling it may need to expand output cuts into the second half of 2019. Russia, which is cutting ...

Moscow. Eduard Dadov has been appointed Director General of Gazprom Sotsinvest, effective March 18. Eduard Dadov was born in 1963. He graduated from Kabardino-Balkarian State University, majoring in Industrial and Civil Engineering. He received a second degree, in Public and Municipal ...

Moscow. A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller briefed Vladimir Putin on the Company’s main accomplishments in 2018 and its plans for 2019, paying ...

Singapore. Indian Oil Corp is set to receive a second liquefied natural gas (LNG) cargo for its new Ennore terminal in south India in May, two industry sources said. The 5 million tonnes per annum (mtpa) import facility at Kamarajar port on the outskirts of Chennai discharged its ...

Baku. SOCAR Energy Switzerland, a subsidiary of Azerbaijan's State Oil Company SOCAR, will build 20 electric vehicle (EV) charging stations in Switzerland, Trend reports referring to the company. The company became the winner in one of the five lots of the tender announced by the Swiss ...

Brussels. The European Parliament’s resolution on relations with Russia, which particularly calls for stopping the construction of the Nord Stream 2 gas pipeline, will not affect the project’s implementation and the measures the European Union has been taking to regulate it, a ...

Caracas. A major blackout in Venezuela has led to the shutdown of the nation’s main export terminal and several heavy crude upgraders operated by PDVSA. US sanctions have already severely impacted oil operations, leaving cargoes stranded off the coast as well as leaving ships idling in ...

Canada. Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production. MEG had planned to ramp up output at an expansion of its Christina Lake oil sands project ...

Houston. Technological sanctions placed on Russia's oil and gas sector have negatively affected Lukoil's operations and the sphere as a whole, but it is possible to adapt to restrictions, Lukoil's President Vagit Alekperov told CERAWeek energy conference in Houston. Alekperov ...

New York. Oil prices rose more than 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. Brent crude futures were up 84 cents, or 1. 28 percent, to settle at $66. 58 a barrel. U. S. West Texas ...

Tehran. India has said that it plans to maintain Iran oil import at the current level and is negotiating with the US to secure an extended exemption from US sanctions targeting Iran’s energy sector. An exclusive Reuters report quoted two Indian sources with knowledge of the matter as ...