All news: page 6

Moscow. Russian gas giant Gazprom will maintain dividends at least flat on the year in rubles. It said on Wednesday after a meeting of its board of directors, which discussed dividend policies for 2018-2020. “Gazprom tries to ensure the level of dividend payouts in rubles at least ...

The value of Turkey’s total imports form Iran has witnessed a considerable surge over the first half of the current year, amid a sharp hike in oil imports. According to the latest figures by Turkish Statistical Institute, the value of the country’s total imports from Iran in the ...

Tehran. The US-Iran harsh rhetoric and constant frictions will continue as US seeks to prevent a flux of Iranian oil on the market, an expert believes. Iran’s missile program is just one of the multiple cards on the table, which Tehran is using, as its right to pressure the ...

Moscow. Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline construction project, received funds from five European companies totaling 324 mln euro in July 2017, Gazprom said in its IFRS report on Tuesday. "Subsidiary Nord Stream 2 AG borrowed funds from Wintershall, ...

Baku. The Southern Gas Corridor is the most viable option for Israeli gas export, Cyril Widdershoven, a Middle East geopolitical specialist and energy analyst, a partner at Dutch risk consultancy VEROCY and SVP MEA-Risk, told Trend Aug. 29. Israel has expressed interest in transporting ...

Motor fuel prices rose 2. 7 percent and oil in New York slipped 2. 7 percent. Harvey, the strongest storm to hit the U. S. since 2004, has flooded cities and caused plants to shut, leading to about 2. 26 million barrels a day of crude and condensate capacity in Texas offline. Several key ...

Ricardo Darre, chief executive officer of YPF SA, has resigned as Argentina’s largest oil producer prepares to sell at least $1 billion in assets and focus on developing the world’s second-biggest reserve of shale gas. A six-person committee will lead the company after Darre ...

Baku. BP has resumed production of natural gas at the biggest gas condensate field Shah Deniz in the Azerbaijani sector of the Caspian Sea that was stopped earlier due to maintenance work at the platform, Tamam Bayatly, communications manager of the BP Azerbaijan Communication and External ...

London. It is unlikely that the oil market balance will be achieved by March 2018, William Arthurs, chairman of the London-based Transatlantic Institute, told Trend. "OPEC and the other producers, who have agreed to cut production up to March 2018, may attempt to stabilize or ...

Baku. Sea trials of Subsea Construction Vessel (SCV) named "Khankendi", which is being constructed within the second stage of the development of Azerbaijan’s Shah Deniz gas field, have been successfully completed, Baku Shipyard LLC told Trend. The six weeks trials, which ...

Tehran. South Pars oil and gas fields have exported over 17. 8 million tons of gas condensates since last year which showed 31% growth in weight compared with last year, a customs official said, İRNA reported. The value of the exported gas condensates stood at 6. 9 billion dollar, ...

Bryansk. Cancellation of restrictions on supplies over the OPAL gas pipeline will positively influence on implementation of the Nord Stream 2 gas pipeline construction project, Board Chairman of Russian gas holding Gazprom Viktor Zubkov told reporters. "This is very important that ...

Washington. The United States is keeping an eye on developments regarding Russian oil major Rosneft and Venezuela’s PDVSA reportedly discussing a swap of a stake in US Citgo refining operator for shares in PDVSA projects, a White House representative told reporters. "We know ...

London. Oil Slump No Obstacle to 300% Return for Norwegian Driller. While other offshore rig operators are still struggling to survive the worst oil-market slump in a generation, one Norwegian company has managed to turn things around. Odfjell Drilling Ltd. , which owns four rigs and ...

Baku. Key countries (Azerbaijan, Ukraine, Georgia) involved in the White Stream project, envisaging delivery of Caspian Sea gas to Ukraine, are unlikely to be interested in reviving the dialogue on this project. Expert of the Institute of Energy Research, Ukraine, Yuriy Korolchuk told. ...

Tehran. Iran is currently exporting 42 million cubic meters of natural gas per day. This was stated the National Iranian Gas Company (NIGC). NIGC Managing Director Hamid Reza Araqi said the above, adding exports rose to the number by starting of gas exports to neighboring Iraq. He said ...

Moscow - Tehran. Rosneft has undertaken to settle over 2 billion euros ($2. 4 billion) owed to Iran for past oil purchases by Essar Group after the biggest Russian oil producer bought the Indian refiner, Press TV reported. Iran’s crude sales to India more than doubled in 2016 after ...

Moscow. Russia’s natural gas producer Gazprom plans to put its Yuzhno-Kirinskoye field into operation in 2023, head of the company’s construction and investment department Vadim Petrenko said Thursday. "We are planning to launch the Yuzhno-Kirinskoye field, the production ...