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Tehran. Tehran expects that the US sanctions won’t reduce its oil exports to the level of less than 1 million barrels per day, First Vice-President Eshaq Jahangiri said on Sunday, according to the IRNAnews agency. Over the past months, Iran has been exporting 2. 5 million barrels of ...

Beijing. China’s LNG demand grew by a record 8 mt in 2017 and is set to expand by another record 12 mt this year, making up 50 percent of all global LNG demand growth, energy consultancy Wood Mackenzie said in a new report last week. The country’s spike in LNG usage comes as ...

Singapore. Oil prices were stable on Monday, supported by a bounce in Asian stocks, but analysts said sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing. Front-month Brent crude oil futures were at $77. 63 a barrel ...

Moscow. President of LUKOIL Vagit Alekperov and the Governor of Volgograd Region, Andrey Bocharov, signed a Protocol to the Agreement on Social and Economic Cooperation for 2018 – 2022, in Volgograd. Previous agreements facilitated notable improvements of the region's social ...

GOMEL Read full text at: https://eng. belta. by/economics/view/belorusneft-signs-contracts-worth-1036m-with-ukrainian-ukrgasvydobuvannya-116030-2018/ If you use BelTA’s materials, you must credit us with a hyperlink to eng. belta. by. GOMEL Read full text at: https://eng. belta. ...

Moscow. Igor Safonov has been elected Director General of Gazprom UGS. He was born in 1973 in Batumi. He graduated from Bauman Moscow State Technical University, majoring in Turbine Construction. In addition, he completed a professional retraining course for underground gas storage (UGS) ...

Saudi Arabia’s Minister of Energy Khalid Al-Falih is considered to be one of the most influential individuals on the global oil market. Traders, investors and officials keep close tabs on his comments, which can spark serious price changes to the world’s ‘black gold’. ...

Tokyo. Oil prices fell on Friday and were heading for a third weekly loss, pulled down as Saudi Arabia’s OPEC governor said the market may become oversupplied soon and after a slump in global equities clouded the outlook for demand. Brent crude futures LCOc1 were down 51 cents, or 0. ...

Verona. British BP is considering entering several new projects of Rosneft, Rosneft CEO Igor Sechin said at the Eurasian Economic Forum rum. "Our major shareholder and long-term business partner BP has directly entered several Rosneft projects in Russia, such as Taas-Yuryakh and ...

Baku, Azerbaijan. Azerbaijan and Turkey have enough will and resources to implement more than one major project, the President of the Executive Committee of the Economic Research Foundation of Turkey, expert Ahmet Incekara told reporters Oct. 24. The expert recalled that recently the ...

Baku, Azerbaijan. Almost 99 percent of the Trans Adriatic Pipeline’s (TAP) route in Greece and Albania has been graded, Lisa Givert, TAP Head of Communications, told Trend. "In Greece, as of mid-September, 540 km of our right of way have been cleared, approximately 538 km ...

Singapore. Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with U. S. stocks posting the biggest daily decline since 2011 to wipe out the year’s gains. Front-month Brent crude oil futures LCOc1 were at $75. 42 a ...

Ashgabat, Turkmenistan. The European Union has shown great interest in the construction of the Trans-Caspian gas pipeline and the supply of Turkmen natural gas to the European market, the state news agency Turkmen Dovlet Khabarlary reported Oct. 23. This issue was raised during the recent ...

Baku, Azerbaijan. The gas transportation agreements on the Interconnector Greece-Bulgaria (IGB) project, which envisages transportation of Azerbaijani gas to Bulgaria, are expected to be signed by the end of the first quarter of 2019, Teodora Georgieva, Executive Officer of ICGB AD (project ...

Almetyevsk. Professionals of the TATNEFT Company’s TatNIPIneft R&D Institute have developed an efficient technology that allows enhancing crude oil recovery. The technology of steam gravity drainage with application of a thermal gel composition (TGC) allows improving the crude oil ...

Singapore. Oil prices on Wednesday clawed back a fraction of their hefty losses the day before that came after Saudi Arabia said it would make up for supply disruptions from U. S. sanctions starting next month on Iran’s petroleum exports. Front-month Brent crude oil futures LCOc1 were ...

Shanghai. Russia and China possess great potential for cooperation in digital economy, Russian Minister of Digital Development, Communications and Mass Media Konstantin Noskov said at the 9th international conference Infoforum-China. "Today's information and communications ...

Baku, Azerbaijan. Some 400 million kilowatt hours of electricity worth $17 million have been exported from Kyrgyzstan to Uzbekistan, Podrobno. uz quoted Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan Aytmamat Kadyrbaev as saying. First Deputy ...