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London. Iran will support extending the OPEC+ deal to cut oil output after it expires in March 2018, the country’s deputy oil minister said at the Oil & Money conference on Tuesday. "Yes, we will support [it], " Amir Zamaninia said, answering a question on the matter. ...

Moscow. A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Tatsuo Yasunaga, Representative Director, CEO of Mitsui & Co. , Ltd. , took place today in Moscow. The meeting addressed the ongoing and future partnership between the companies. ...

Sofia. The fulfillment plan for the Interconnector Greece-Bulgaria (IGB) is under final alignment, Teodora Georgieva, executive officer at ICGB AD joint venture company, the project’s operator, told Trend. She noted that the Project Fulfillment Plan includes upcoming major steps for ...

Rome. Italy’s Edison and Gas Natural Fenosa have signed a binding agreement for the acquisition by Edison of Gas Natural Vendita Italia and of Azerbaijan’s Shah Deniz II gas contract, said the message posted on Edison’s website. As part of the agreement and subject to the ...

Following Trump’s speech where he announced his new Iran strategy, any new sanctions will very probably come as a challenge to Iran’s energy sector, Omid Shokri Kalehsar, an energy analyst based in Washington DC, has told Trend. "Iran holds the world’s fourth-largest ...

Krasnoyarsk. Investments in the oil and gas complex of the Krasnoyarsk territory by 2021 will exceed 500 billion rubles ($8. 7 billion), a member of the State Duma (parliament's lower house) energy committee Viktor Zubarev told TASS on Monday. "The regional authorities say ...

Tirana. The last shipment of steel line-pipes for the construction of the Trans Adriatic Pipeline (TAP) arrived in Thessaloniki, Greece on October 10, marking the completion and final delivery of all line-pipes to TAP’s host countries, said the message from TAP AG consortium. The ...

Kuwait. Oil demand will grow at a “healthy pace” over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said. Crude demand will climb an average 1. 2 million barrels a day through 2022 ...

Ashgabat. Construction of a gas compressor station for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline on the Malai field will be completed in 2024, said a source in Turkmenistan’s fuel and energy complex. "This will be done using our own resources, " the ...

Tehran. Royal Dutch Shell continues to study the possibility of its participation in Iranian oil and gas projects, a source in the company told Trend. "We continue to explore the role Shell can play in developing Iran's energy potential within the boundaries of the law, " said ...

New York. OPEC expects its efforts to clear the surplus in oil inventories to finally succeed by the end of the third quarter of next year, said people familiar with the group’s internal forecasts. The Organization of Petroleum Exporting Countries and allies including Russia have been ...

Baku. The timing of start of production at the Star oil refinery in Turkey has changed, Zaur Gahramanov, head of SOCAR Turkey Enerji (subsidiary of Azerbaijan’s state oil company SOCAR), told reporters in Baku Oct. 12. He noted that changes in the original project contributed to ...

Baku. SOCAR Turkey Enerji AS, a subsidiary of Azerbaijan’s state oil company SOCAR in Turkey, will complete acquisition of a 7 percent stake in the Trans Anatolian Natural Gas Pipeline (TANAP) until late 2017, Zaur Gahramanov, the company’s CEO, told reporters in Baku Oct. 12. ...

Baku. Azerbaijan’s Heydar Aliyev oil refinery will be modernized by 75-80 percent, Tofig Gahramanov, SOCAR vice-president for strategic development, said at the Argus 2017 international petroleum summit in Baku Oct. 12. “About 14 new facilities will be built as part of the ...

Power companies’ approach to booking space on U. S. natural gas pipelines is becoming the latest flash point in the debate over whether to build more of the links in the historically constrained Northeast. The Environmental Defense fund said in a report Wednesday that New England ...

Paris. BNP Paribas SA pledged to stop financing shale and oil sands projects, expanding earlier commitments in support of global efforts to tackle climate change, Bloomberg reports. France’s largest bank will no longer do business with companies whose main activity stems from oil and ...

Ekaterinburg. Scientists of the Urals State Mining University within a few coming years will work on innovative oil and gas equipment, working in the Arctic districts, the University's acting head Alexei Dushin told a news conference at the TASS Urals information center. "We have ...

Baku. A new site for gathering and transportation of Absheronneft Oil & Gas Extraction Department’s oil has been commissioned in the Pirallahi settlement of Baku, Azerbaijani state oil company SOCAR said Oct. 11. SOCAR President Rovnag Abdullayev and representatives of the ...