Oil and gas: page 4

Baku. Azerbaijan’s state oil company SOCAR has confirmed its intention to invest in the development of Bulgaria’s gas distribution network, said a message from Bulgaria’s Energy Ministry. Reportedly, SOCAR representatives are on a working visit to Sofia to hold discussions ...

Moscow. The Finnish government said on Wednesday it had given its consent for construction of the Nord Stream 2 pipeline through its exclusive economic zone. "On 5 April 2018, the Finnish Government gave its consent to the Nord Stream 2 AG’s gas pipeline construction project ...

Seoul. Oil prices fell on Friday along with equities as U. S. President Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies. President Trump said on Thursday he had ordered U. S. trade officials to consider an ...

Moscow. OPEC crude production dropped to the lowest in a year amid the woes facing Venezuela’s oil industry. Output from 14 members of the Organization of Petroleum Exporting Countries fell by 170, 000 barrels to 32. 04 million barrels a day in March, according to a Bloomberg News ...

Manama. Bahrain on Wednesday announced its newly discovered shale oil reserve was estimated to contain more than 80 billion barrels, making the once-marginal oil producer potentially a major player in the market. The amount of recoverable oil - or oil that can be extracted - is still under ...

Baku. Iranians consumed 97. 1 million liters of gasoline during the Nowruz holidays which marks the beginning of the new calendar year in the country. National Iranian Oil Products Distribution Company has announced that the volume of gasoline consumption in the country has surged by 13. 3 ...

Astana. Vagit Alekperov, PJSC LUKOIL President and CEO, and Vladimir Kim, President of ТОО Kazakhmys Holding, signed a Memorandum of Cooperation to develop green energy projects in Kazakhstan. ​During the first stage the parties will analyse the promising sites to locate renewable ...

Moscow. A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Marco Alvera, Chief Executive Officer of Snam, took place in Moscow wednesday. The meeting participants noted that European countries needed new and reliable routes for gas imports amid ...

Dubai. The global deal to rein in oil output has removed “85% of the problem” of oversupply, and OPEC and allied producers are seeking ways to cooperate after the agreement ends, UAE's Energy Minister Suhail Al Mazrouei said. The world economy is benefiting from the cuts, ...

Tokyo. Oil prices rose on Thursday, holding onto a late-session rally the previous day, buoyed by the U. S. government data showing a surprise drawdown in crude stockpiles. U. S. West Texas Intermediate crude for May delivery CLc1 was up 19 cents, or 0. 3 percent, at $63. 56 a barrel by ...

Moscow. Today in Moscow, PJSC LUKOIL representatives participated in a conference titled "Environmental modernization of the Russian industrial sector" following the Year of Ecology results. The speakers included Vladimir Burmatov, Chairman of the State Duma Ecology and Environmental ...

Moscow. In January-March 2018, CPC Marine Terminal in Novorossiysk (Krasnodar Territory) loaded 14. 94 million tons of crude oil, up 14. 8% Y-o-Y, says CPC statistics. In March 2018, the CPC Marine Terminal hit a new record of monthly loading. It loaded 5, 506, 294 tons or 43, 609, 021 ...

Ankara. Russia expects that the EU authorities will make decisions on the laying route of the Nord Stream-2 gas pipeline in the interests of European consumers, Russian Energy Minister Alexander Novak told reporters. "We expect that decisions will be aimed at satisfying the interests of ...

Moscow. Transit of Russian gas via Ukraine may go down to 10-15 billion cubic meters a year after the Turkish Stream and Nord Stream-2 gas pipelines are commissioned, CEO of Russia’s gas giant Gazprom Alexei Miller said on Tuesday. "We are not saying we will stop entire transit ...

Moscow. Russian oil and gas companies have started work on restoring and developing Syria's energy infrastructure, according to Energy Minister Aleksandr Novak. “A number of projects there are already underway, and there are negotiations with the Syrian government about new ...

Moscow. PJSC LUKOIL reached the 15 million tonnes mark in terms of oil produced at the Yu. Korchagin and V. Filanovsky fields located in the North Caspian Sea. Both fields are in their second construction stage. Construction and commissioning of a production and an injection wells was ...

New-York. Oil edged up on Tuesday, supported by a recovery in the equities market and on a technical bounce for crude after the biggest daily percentage drop in almost a year, but Brent futures stayed well below $70 a barrel. Brent crude futures gained 48 cents, or 0. 7 percent, to settle ...

Moscow. Russian oil output rose slightly in March to an 11-month high of 10. 97 million barrels per day, above a quota agreed under a global pact to curb production, energy ministry data showed on Monday. This was the first increase in Russian output since December and the highest level ...