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Baku. Murat LeCompte has been appointed as the Chief of External Affairs at SOCAR Turkey Enerji A. S. , a subsidiary of Azerbaijan’s state oil company SOCAR in Turkey, the Turkish media outlets reported June 28. According to the reports, LeCompte served as Chief External Affairs ...

Singapore. Oil markets were steady to lower on Wednesday after a report of rising U. S. fuel and crude inventories underscored concerns that a three-year supply glut is far from over. Brent crude futures LCOc1 were at $46. 59 per barrel at 0650 GMT, down 6 cents, or 0. 1 percent, from ...

Royal Dutch Shell Plc is turning to India’s textile, cement and steel factories as it seeks to expand demand for its natural gas, Bloomberg reports. The Hague-based energy giant has set up a team of about six executives to identify small businesses that use dirtier fuels like coal and ...

Tehran. The National Iranian Drilling Company (NIDC) drilled over 75 kilometers of oil and gas wells using its drilling fleet during the first quarter of Iran’s current fiscal year (March 20-June 21), Hamid Reza Khoshayand, deputy managing director of NIDC, said. The company carried ...

Washington. Sixteen months after finishing a terminal and sending the first cargo of U. S. shale gas overseas, Cheniere Energy Inc. is already preparing for its next round of export projects. Cheniere is looking at new ways to finance more terminals that chill gas to a liquid and ship it ...

Washington. In promoting trade with India, President Donald Trump suggested Monday that the U. S. is on the verge of signing long-term agreements to send natural gas to the Asian country. There’s just one thing: India already has long-term agreements for U. S. gas. And it’s ...

Moscow. Russia’s oil major Rosneft expects that global demand for petrochemical products will grow faster than the consumption, therefore petrochemicals have a special role to the developed strategy of Rosneft-2022, according to the company’s CEO Igor Sechin article published in ...

Ashgabat. Turkmenistan will strengthen the development of the gas and chemical industry in the next 10 years, the Neutral Turkmenistan newspaper reported. The country’s Deputy Prime Minister Maksat Babayev presented a number of projects at the last governmental meeting, Trend agency ...

Sochi. Rosneft has identified a number of promising oil bearing "structures" at the Khatanga offshore zone in the Laptev Sea, in addition to a large field that was discovered earlier, head of the company Igor Sechin told reporters. "We have identified a number of promising ...

London. World oil prices are rising on June 26 despite the report about the increasing number of drilling rigs in the US. The price for August futures of Brent crude oil has increased by 1. 16 percent to $46. 07 per barrel as of 06:49 (GMT +4). This is while the price for August futures ...

Athens. Construction of the Interconnector Greece-Bulgaria (IGB) will start in mid-2018 and it will be ready for operation in early 2020. The announcement was made by the IGB AD consortium during the meeting of Bulgarian and Greek energy ministers Temenuzhka Petkova and Giorgos Stathakis, ...

Islamabad. More than 100 people died in Eastern Pakistan after an oil tanker turned over and caught a fire on a highway, Sputnik reported citing local media. The incident that occurred in Pakistan's eastern region of Punjab killed at least 123 people, according to local Geo TV ...

Sabetta. The Yamal-Nenets backbone zone, which will be organized after the state program on the Arctic’s development is adopted, will be based on implementation of transport projects of the Northern Latitudinal Railway (NLR) and on development of the Sabetta port in the Kara Sea, the ...

Baku. The US Halliburton company considers itself a preferred provider of oilfield services in Azerbaijan, said Steven Hinnant, Business Development Manager of the company. He made the remarks at the 4th Caspian forum ‘Offshore Integrated Project Management & Methods of Production ...

Washington. A supply glut that’s weighed on the U. S. natural gas market for most of the past two years may vanish before the winter, even if a sweltering summer fails to materialize. Inventories of the power-plant fuel may reach 3. 4 trillion cubic feet by the end of October, the ...

Moscow. Russian President Vladimir Putin will watch in the Black Sea resort city of Anapa on June 23 the ceremony of joining the Turkish Stream gas pipeline’s shallow water and deep-sea sections, the Kremlin press office reported on Thursday. "In Anapa, the head of state will ...

Moscow. Russian gas giant Gazprom has fixed the technical issue, which earlier affected the quality of gas supplied via the Yamal-Europe pipeline, the company said in statement. "Technical issue that caused changes in the quality of gas supplied to the Yamal-Europe system, has been ...

Moscow. Russia will not abandon the construction of the Turkish Stream gas pipeline, even if the South Stream project is revived, Deputy Executive Director for Energy Studies at Russian Institute for Energy and Finance Alexei Belogoryev told Trend June 22. "Russia will not abandon the ...