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Ashgabat. The Turkmen gas, which is to be delivered via the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, will reach Pakistan in two years, the Turkmengas State Concern said in a message quoting CEO of the TAPI Pipeline Company Ltd. Consortium Muhammetmyrat Amanov. He was ...

Moscow. Rosneft and the Administration of Primorsky Kray have signed a long-term agreement focused on further cooperation in the field of integrated socio-economic development of the Region. The document was signed by Rosneft CEO Igor Sechin and Acting Governor of Primorsky Kray Oleg Kozhemyako. ...

Luanda. On Saturday, nearly two decades after securing the initial rights, Total’s CEO Patrick Pouyanné was in Luanda to snip the ribbon on a $16 billion oil project. It’s not clear when he, or his peers, will be cracking open the bubbly in Angola again. Without ...

Singapore. Russia is fine with the oil price of around $70 per barrel. This was stated by President Vladimir Putin at a press conference on Thursday. "A reasonable price both for producers and consumers is needed, " he said. "What we are having now, what has been recently - ...

Moscow. First steel cutting ceremony for the second Aframax-class tanker of 114, 000 deadweight tons took place at Zvezda shipyard in Bolshoy Kamen, Primorsky Region. The ceremony was attended by Rosneft Oil Company CEO Igor Sechin and Acting Governor of Primorsky Region, Oleg Kozhemyako. ...

Baku. A diesel hydrotreating reactor, manufactured by the Indian company Larsen & Toubro, has been delivered as part of the project to modernize the Heydar Aliyev Baku Oil Refinery, SOCAR said in a message on Nov. 15. The reactor is planned to be installed in the near future. Its ...

Singapore. Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U. S. production dragged. U. S. West Texas Intermediate (WTI) crude oil futures were at $56. 84 per barrel at 0353 GMT, up 38 cents, or 0. 7 percent, from their last settlement. Brent crude ...

Moscow. Since the beginning of October, the price of North Sea oil has fallen by around $17 per barrel. This is tantamount to a daily loss of $21 million for Norway. While Norway is one of the top investors in high tech and "green" innovations, Norway's economy remains ...

Moscow. Russian companies are interested in supplying liquefied natural gas (LNG) to the Thai market, according to the Russian Energy Ministry. Moscow and Bangkok have a long track record of energy cooperation. “Russian energy resources – oil, petroleum products and coal – ...

Moscow. American fingerprints are all over oil’s record losing streak that’s plunged prices into a bear market. The State Department’s zigzag on Iran sanctions, President Donald Trump’s tweets about OPEC supply, the demand-sapping trade war with China and the ...

Moscow. Oil price at any level is comfortable for Russia's Rosneft, the company's CEO Igor Sechin said in an interview with Kommersant FM radio station. "Any price, " he said in response to a question on what oil price is comfortable for Rosneft. "We manage risks. ...

Baku. On 14 November 2018, Trans Adriatic Pipeline (TAP) signed a Letter of Intent, marking the final stages of negotiation of the Maintenance Agreement talks between TAP and Albgaz Sh. a and Snam S. p. a. – a joint venture that will establish a special purpose entity to act as the ...

Singapore. Oil prices fell on Thursday, pressured by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook. Front-month Brent crude oil futures were trading at $65. 90 per barrel at 0254 GMT, down 22 cents, or 0. 3 percent, from their ...

Abu Dhabi. OPEC and allied oil producers will cut or adjust production as needed to balance the market, the group’s president, United Arab Emirates Energy Minister Suhail Al Mazrouei, said Wednesday. If OPEC+ needs to reduce output, it will do so, he said in a Bloomberg TV ...

Moscow. PJSC LUKOIL completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea. The single-bore well with horizontal completion was drilled from a jack-up rig. The measured depth of the well is 3, 736 meters. The ...

Moscow. Russian President Vladimir Putin will meet with Turkish President Recep Tayyip Erdogan in Istanbul on November 19 to discuss the development of bilateral relations and topical regional and international issues, the Kremlin press office reported on Wednesday. "Putin and Erdogan ...

Moscow. LUKOIL and Gazprom Engine Fuel LLC have signed an agreement on mutually beneficial cooperation and the development of business partnership on the use of natural gas as motor fuel. As part of the agreement, LUKOIL will look into the expediency of designing a step-by-step plan to set ...

Moscow. Chief Executive Officer of Rosneft Igor Sechin held a working meeting with Chief Executive Officer of Saudi Aramco Amin Nasser. During the meeting, the heads of the two major hydrocarbon producers discussed a wide range of matters related to mutual interests and cooperation prospects ...