All news: page 14

South Korea's crude oil imports from Iran fell 24. 9% year-on-year to 9. 09 million barrels or 303, 000 barrels per day in April, from 12. 11 million barrels in the year-ago month, according to preliminary data released by the Korea Customs Service on Tuesday. This marks the sixth ...

Baku. The commissioning of the Trans-Anatolian gas pipeline (TANAP) project will be another stage in restructuring the infrastructure of the post-Soviet area, reads an article posted on the Belarus Today portal. "The matter is that the transport infrastructure, including the oil and ...

Moscow. At the meeting in Moscow the Board of Directors of PJSC "LUKOIL" tentatively approved 2017 Annual Report for the submission to the Annual General Shareholders Meeting. The Board of Directors also approved the Report on Interested Party Transactions for 2017. The Board of ...

Tokyo. Asian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a U. S. -North Korean summit into doubt, while surging bond yields revived worries about faster U. S. interest rate hikes that could curb global demand. Crude oil prices remained ...

Natural gas deliveries over the Nord Stream 2 gas pipeline will start at the turn of 2019 - early 2020, Chief Commercial Officer of the Nord Stream 2 AG Reinhard Ontyd said on Tuesday at the Flame gas conference. "Operations of the pipeline will start at the turn of 2019 - early 2020, ...

Baku. Azerbaijan’s state oil company SOCAR registered two companies established jointly with foreign partners for the development of two new fields in the Caspian Sea, Azerbaijan’s Taxes Ministry said in a message posted on its website. The Azerbaijani branches of SOCAR Absheron, ...

New York. U. S. oil major ConocoPhillips is preparing to sell its North Sea assets, as the company focuses on shale plays in the U. S. , industry and banking sources. The disposal of ConocoPhillips’ North Sea assets after more than five decades in the British offshore basin could ...

Moscow. Rosneft Vietnam B. V. (a subsidiary of Russian state oil company Rosneft) has started drilling a production well at the Lan Do field in the offshore zone of Vietnam, the oil company said in a statement. "Target depth of the well is about 1, 200 m along the well bore, sea depth ...

Krasnodar. Viktor Zubkov, Chairman of the Gazprom Board of Directors, took part monday in the opening ceremony for a mobile refueler platform in the Novopetrovskaya settlement, Pavlovsky District, Krasnodar Territory. In the course of the ceremony, the Barsuk T. L. farm’s machinery ...

Abu Dhabi. The Abu Dhabi National Oil Company (ADNOC) monday unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player. The plans were unveiled at the ADNOC Downstream Investment Forum, which took place monday in Abu ...

Singapore. Oil prices held firm on Tuesday as ongoing production cuts by OPEC and looming U. S. sanctions against Iran tightened the market amid strong demand. Brent crude futures LCOc1, the international benchmark for oil prices, were at $78. 37 per barrel at 0028 GMT, up 14 cents from ...

St. Petersburg. Gazprom holding invests about 83 bln rubles ($1. 3 bln) in geological exploration this year, Vsevolod Cherepanov, a member of the holding's management board told a press conference on Monday. "As for 2018, the parameters are approximately comparable [with the ...

Singapore. Oil prices rose on Monday as OPEC reported that the global oil glut has been virtually eliminated, while US crude’s discount to global benchmark Brent widened to more than $7, its deepest in five months, Reuters reported. Global benchmark Brent gained $1. 11 to settle at ...

Moscow. Russian oil giant Rosneft rejected media reports on Monday that its cooperation with Italy’s Eni on geological exploration on the Russian shelf has been suspended over the US sanctions. "Information on Eni’s withdrawal from JV with Rosneft does not correspond to ...

Moscow. Chief executive of the Center for Strategic Research (CSR) and ex-finance minister Alexei Kudrin consented to become a candidate to the office of the head of the Russian Chamber of Accountants from the United Russia`s (Edinaya Rossiya) party, a participant in the meeting of the fraction ...

Muscat. Total has signed a memorandum of understanding with the government of Oman to develop natural gas resources in Oman, covering both upstream and downstream businesses. Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore ...

Moscow. Acting Russian Energy Minister Alexander Novak plans to hold negotiations with Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih at the St. Petersburg International Economic Forum. "We had a phone conversation, but we agreed to meet in ...

Tehran. Iran seeks new oil swap opportunities with Caspian Sea littoral states, Seyed Pirouz Mousavi, managing director of National Iranian Oil Terminals Company (NIOTC), told Trend. Iran is currently swapping oil with Turkmenistan, Mousavi said, adding that Iran considers to attract ...