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Moscow. LUKOIL's oil refining, petrochemistry and gas processing block and LUKOIL-Nizhegorodniinefteproyekt, the company's engineering and design center that develops oil refining and gas processing facilities successfully passed the international audit of the management systems. Both ...

London. British oil major BP Plc (BP. L) said on Tuesday its finance chief Brian Gilvary will be retiring after eight years in the role at the end of June and will be succeeded by Murray Auchincloss. Auchincloss is currently CFO of BP’s Upstream segment. He will take up the new role ...

Nur-Sultan. Minister of Energy Nurlan Nogayev met with Ambassador Extraordinary and Plenipotentiary of Belarus to Kazakhstan Anatoly Nichkasov and Deputy Chairman of Belarusian state petrochemical concern Andrei Bunakov on Monday, Kazinform has learnt from the ministry’s press service. ...

Baku. Azerbaijan’s Southern Gas Corridor closed joint-stock company (CJSC) is expected to invest around $181 million in the Southern Gas Corridor projects in 2020, Ibrahim Ahmadov, deputy head of the public relations and events department at Azerbaijan’s state oil company SOCAR, ...

Moscow. The Foreign Ministry of Russia backs the project of a year-round and fully autonomous international Arctic station on the Yamal Peninsula, Foreign Ministry Ambassador-at-Large, Russia’s Senior Official in the Arctic Council Nikolai Korchunov said on Monday. The project of ...

Singapore. Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade. Brent crude LCOc1 was trading down 30 cents, or 0. 5%, at $64. 90 per barrel by 0318 GMT, after ...

Berlin. US Secretary of State Michael Pompeo hopes that major oil fields in Libya would be reopened following an international conference on Libya in Berlin on Sunday, the US Department of State said in a statement. "America has a counterterrorism interest there [in Libya], " the ...

Tehran. The S1 Platform of Salman Oilfield, built by relying on domestic capabilities, has been loaded from Khorramshahr Yard. The structure, ordered by the Iranian Offshore Oil Company), was loaded January 13 evening. The platform is built for drilling 6 offshore wells at Salman ...

Baku. Over the past ten years, Azerbaijan’s state oil company SOCAR has reclaimed 1, 700 hectares of land contaminated with oil, Trend reports with reference to the company’s message. Such facilities as the Baku Olympic Stadium, the Baku Higher Oil School, as well as an ...

Moscow. Rosneft Deutschland GmbH, a subsidiary of PJSC Rosneft Oil Company, has completed the deal to acquire a 3. 57% stake in Bayernoil Raffineriegesellschaft mbH from British BP. As result of this deal, Rosneft increased its shareholding to 28. 57% from 25%. As a result of the deal the ...

Cairo. The National Oil Corporation (NOC) of Libya declared force majeure after termination of oil shipments from terminals, the company said on its website. The management of NOC subsidiaries was instructed "to stop oil exports from Brega, Ras Lanuf, Hariga, Zueitina, and Sidra ...

Tokyo. Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle. Brent crude LCOc1 futures were up by 74 cents, or ...

Almetyevsk. TATNEFT Company invites suppliers to take part in procurement procedures for the equipment supply for the JSC TANECO’s construction site. Tender procurement procedures for the supply of equipment for the Company's Refinery and Petrochemical Plant Complex are published ...

Baku. The Azerbaijan Caspian Shipping Company (ASCO) CJSC will launch a new tanker in 2021, named after First Vice President of SOCAR, academician Khoshbakht Yusifzade, Trend reports via ASCO. In accordance with the decree of Azerbaijan’s president, a new generation tanker which is ...

Moscow. Gazprom Neft continues crude production operations at its Iraqi projects despite the regional tensions, Chief Executive Officer of the Russian oil company Alexander Dyukov told reporters on Thursday. "Production is underway as usual, " he said. The situation in Iraq ...

Moscow. Oil prices were steady on Friday as investors braced for data expected to show China’s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal. Brent LCOc1 was 3 cents higher at ...

Baku. The information that China Oil HBP Science & Technology company will take part in construction of a gas processing plant at Kazakhstan’s Kashagan field is not true, Trend reports with reference to Kazakhstan’s Ministry of Energy. “Currently all issues relating to ...

Moscow. Russia will fulfill the terms of the OPEC+ agreement on reduction of oil production in January, Energy Minister Alexander Novak told reporters on Wednesday. "Naturally, we have obligations, we will fulfill them, " he said, answering a question about the prospects for ...