All news: page 14

Baku. Construction work for the Trans Adriatic Pipeline (TAP) has reached the highest elevation point of the project, around 2. 1 km above sea level, on the Ostrovica mountain, the TAP AG consortium said in a message. The Marta Pass connects the Korca and the Skrapari regions of Albania ...

Moscow. Excelerate Energy Bangladesh Limited (Excelerate) completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility – signifying the official commencement of operations for the project. This ...

Beijing/Washington. The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two ...

Riyadh. Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history. About four senior industry sources said on Wednesday, Reuters reports. The financial advisors working on the proposed listing have ...

Moscow. The government has not provided for collection of extra revenues of companies in fiscal policy changes and no reasons are in place to apply this measure. About this Russian Minister of Economic Development Maxim Oreshkin told reporters on Wednesday. "The government has ...

Moscow. Washington, in the coming weeks, may sanction companies participating in the Nord Stream 2 gas pipeline project, the Wall Street Journal reported, citing a number of US officials. The US president earlier spoke out in favor of Europe buying more US LNG. On August 22 Russian ...

Singapore. U. S. oil edged up on Thursday to extend gains from the previous session, lifted by a decline in U. S. commercial crude inventories, while international crude markets were weaker due to the trade dispute between the United States and China. U. S. West Texas Intermediate (WTI) ...

Kiev. Ukraine's Cabinet of Ministers has decided to cancel subsidies for natural gas from October 1 to households without gas meters. It is reported by "Interfax-Ukraine". "Benefits and subsidies for payment of natural gas supplies will not be paid as of October 1 to ...

Kuwait. OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakhit al-Rashidi said on Wednesday. A committee set up by the Organization of the Petroleum Exporting Countries and allied ...

Baku. Iran plans to build a new oil terminal at the strategic southeastern port of Chabahar to meet its rising crude export capacity. This was stated by An official with the National Iranian Oil Products Distribution Company said. A new oil terminal with a capacity of 50, 000 tons will be ...

Moscow. On August 21, 2018, Rosneft in-person Board of Directors meeting was held in Moscow to consider issues related to extraordinary General shareholders meeting (EGM) of the Company. The Board of Directors approved to call Rosneft EGM and hold it in the form of absentee voting on September ...

Baku, Azerbaijan. Germany interested to develop further the Southern Gas Corridor project, which provides for the transportation of gas from the Azerbaijani Shah Deniz field to Europe. This was stated by the official representative of the German government on the eve of the upcoming visit of ...

Moscow. A proposal to establish a unified authority that would manage and oversee the project of development of the Northern Sea Route, consisting of three Russian Government’s ministries was announced at a meeting in Sabetta, Yamal, chaired by Deputy Prime Minister Maxim Akimov. This ...

Seoul. Oil prices rose on Wednesday, supported by a drop in U. S. crude inventories and a weaker dollar, along with concerns about a potential shortfall of Iranian oil from November due to U. S. sanctions. Brent crude oil futures LCOc1 were at $72. 83 per barrel at 0234 GMT, up 20 cents, or ...

Moscow. Gazprom (the Russian Federation) on August 19 increased the request for transit of natural gas through Ukraine through the Uzhgorod corridor to 170 million cubic meters in comparison with the low 110-137 million cubic meters during August 7-17, according to the Slovak gas transportation ...

Baku, Azerbaijan. The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $73. 43 per barrel at the Italian port of Augusta on Aug. 20, or $0. 02 more than on Aug. 17. This was reported by a source in the oil and gas market of ...

Moscow. Samsung Heavy Industries("SHI") revealed on August 17th that it won a newbuilding contract for two 180, 000 cbm LNG carriers from a European shipowner Celsius Tankers. The price is 187 million USD per vessel. The contract comes with option for two more vessels, the ...

Moscow. Sanctions the United States intends to introduce against participants in the Nord Stream 2 gas pipeline project constitute violation of international trade norms and cannot be justified by any motives. This was stated on Monday by the press secretary of the Russian president Dmitry ...