All news: page 6

Singapore. Oil prices were on track for a more-than-7% jump this week, their biggest in months, as early trading on Friday saw gains extended on fresh tensions in the Middle East after a key Saudi Arabian supply hub was knocked out in an attack last weekend. Friday’s rises came after ...

Nur-Sultan. Gas grid constriction started in Nur-Sultan on September 14. The main trunks will be built by the year-end, the administration’s Instagram account reads. First President of Kazakhstan –Elbasy Nursultan Nazarbayev charged to gasify the capital city. The landmark ...

Moscow. Head of Government of the Samara Region Victor Kudryashov and President of LUKOIL Vagit Alekperov signed today in Samara a supplemental agreement to the effective Agreement on Cooperation for 2018 – 2023. The purpose of the document is to facilitate further continuous economic ...

New Delhi, India. On September 17th, the Rosneft delegation led by the Chairman of the Management Board and CEO, Igor Sechin visited New Delhi to meet the Honorable Minister of Petroleum and Natural Gas, Government of India, Dharmendra Pradhan. The purpose of this visit was to develop ...

Tehran. Riyadh representatives’ evidence demonstrating Tehran’s involvement in the attacks on Saudi oil installations proves that they know nothing, Iranian presidential adviser, Hesameddin Ashena said on Wednesday. "The [Saudi defense ministry’s] press conference ...

Singapore. Oil prices edged higher in early Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia’s pledge to restore full production by end-September at facilities knocked out in drone and missile attacks last weekend. Brent crude futures LCOc1 rose 8 ...

Moscow. Russia's State Nuclear Corporation Rosatom on Tuesday signed an intergovernmental agreement with Uganda to cooperate in the peaceful use of nuclear energy that prescribes the possibility of constructing a nuclear science and technology centre in the African country, Rosatom's ...

Moscow. It takes time to analyze the consequences of the attack in Saudi Arabia regarding oil volumes to be supplied to the market, Kremlin Spokesman Dmitry Peskov told reporters when asked whether Moscow plans to boost crude production volumes following the incident. "It is not yet ...

Russia and Iran will transfer payments using an alternative system to the internationally recognized SWIFT money transfer network, the governor of the Iranian central bank, Abdolnaser Hemmati, announced. Instead of SWIFT, a system that facilitates cross-border payments between 11, 000 ...

Baku. Southern Gas Corridor project, which envisages transportation of Azerbaijani gas to Europe, will bring needed diversification of supply to Europe, the International Gas Union (IGU) told Trend. The Southern Gas Corridor project is a welcomed development for diversification of supplies ...

Tokyo. Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month’s end while caution ahead of an expected U. S. interest rate cut kept wider financial markets in tight ranges. MSCI’s broadest index of Asia-Pacific shares outside Japan ...

Moscow. CEO of Russia’s state hi-tech corporation Rostec Sergei Chemezov said in an interview with Russian business daily RBC he had no plans at the moment to resign from his post. "The president [of Russia] is appointing the head of the state corporation, " Chemezov said. ...

Baku. BP as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development is pleased to announce that the Azeri-Central-East (ACE) project is moving forward at pace with the awards of key contracts, Trend reports. The contracts, covering engineering, fabrication and construction, ...

Moscow. Russia may re-evaluate and ramp up security at oil production facilities in the country following the attack by drones on facilities of the Saudi Arabian Saudi Aramco, the world’s biggest company in terms of production volumes, Energy Minister Alexander Novak told reporters on ...

Tokyo. Oil fell more than 1% on Tuesday as the market hung on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that cut the kingdom’s output in half and sent prices soaring by the most in decades. The Saturday attack heightened ...

Tehran. Tehran has signed a $440 million contract with a local company to develop the Belal gas field Iran shares with Qatar. The country's oil minister has celebrated the deal as a sign that no US sanctions can stop Iran's oil industry. The contract was signed between Pars Oil and ...

Houthi drone attacks on two major Saudi Aramco facilities, including the largest crude stabilisation plant in the world, have sparked concerns over the attacks’ impact on global oil prices, with the oil-rich country confirming that about half of its production, accounting for about 6 ...

Brussels. For uninterrupted gas transit to the EU in 2020 Ukraine and Russia won’t have to sign a new gas contract provided that Kiev meets its commitments on implementing European energy rules in its legislation, a source in the European energy sector told TASS. According to the ...