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Baku. The United States Government has strongly supported the Southern Gas Corridor for more than a decade because of the contribution it will make to European energy security and to the political and economic integration of the Caspian region with the West, Nathan Reich, Energy Diplomacy ...

Singapore. Oil slid nearly 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices. Brent crude fell 48 cents, or 0. ...

Minsk. Belarusian petrochemical companies signed over €2 million worth of contracts during the international textile expo Yarn Fair, which took place in Istanbul, Turkey on 27-29 February, representatives of the BelInterExpo enterprise of the Belarusian Chamber of Commerce and Industry ...

Moscow. Messoyakhaneftegaz, the Gazpromneft-Rosneft joint venture, delivered total production of more than 5. 6 million tonnes of oil equivalent (mtoe) as at year-end 2019 — a 22-percent increase on 2018. Production at the Vostochno-Messoyakhskoye field (in the Gydan Peninsula, ...

Minsk. The first tanker with Russian oil purchased by Belarus from traders has arrived in the port of Klaipeda, Lithuania, press secretary of Belneftekhim holding Alexander Tishchenko told TASS on Wednesday. "The first of two tankers has already arrived in Klaipeda port; it will be ...

Singapore. Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers. Brent crude LCOc1 rose by 78 cents, ...

Almetyevsk. The enterprises of the TATNEFT Group of Companies produced 2, 338 thousand tonnes of crude oil in February 2020 with the production volume from the beginning of the year amounting to 4, 838 thousand tonnes (+16. 7 thousand tonnes versus 2019). PJSC TATNEFT’s production volume ...

Anadyr. Implementation of liquefied natural gas (LNG) projects in the territory of Chukotka will contribute to the development of shipping along the Northern Sea Route and increase the economic efficiency of industrial projects in the region, Head of the regional industrial policy department ...

Moscow. Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide, ask Trend. The largest U. S. oil company laid out the guidelines it follows - some of which have been rolled ...

Vienna. Experts from OPEC+ recommended that oil ministers consider a larger production cut when they meet later this week as the coronavirus takes a greater toll on the world economy. After a meeting on Tuesday, the group’s Joint Technical Committee suggested an additional reduction in ...

Moscow. ​LUKOIL unveiled its long-term forecast for the world's liquid hydrocarbons market in Brussels, Belgium. The forecast addresses challenges of the energy transition and analyzes how structural changes in the global motor fleet, developing market of electric vehicles and ...

Singapore. Oil prices jumped 1. 5% on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand caused by the global coronavirus outbreak. Brent crude LCOc1 rose by 78 cents, or 1. 50%, to ...

Minsk. Companies from Belarus and Kazakhstan are set to sign contracts worth $200 million, Deputy Minister of Trade and Integration of Kazakhstan Kairat Torebayev told reporters on 2 March, BelTA has learned. «We have brought a pretty big delegation to Belarus. It includes ...

Minsk. The Belarusian state petrochemical concern Belneftekhim believes that oil may be delivered across Poland via the oil pipeline Druzhba operating in reverse mode to Belarusian oil refineries by the end of 2020, BelTA learned from Belneftekhim Chairman Andrei Rybakov on 2 March. Asked ...

Baku. The Trans Adriatic Pipeline (TAP) will provide Italy with security against other gas exporters, Senior Analyst at an independent energy research and consulting firm Rystad Energy Swapnil Babele told Trend. "Italy currently imports majority of its gas from Russia, Algeria followed ...

Rabat. The 10th international petroleum exhibition and conference NAPEC 2020, which was to be held in the Algerian city of Oran from March 15 to 18, was postponed due to the spread of the coronavirus, the event organizers reported on Tuesday. "We have to be mindful that our valued ...

Seoul. Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak and growing optimism that OPEC will order deeper output cuts this week. Brent crude LCOc1 rose $1. 48 per barrel, or ...

Moscow. A Gazprom delegation headed by Vyacheslav Mikhalenko, Member of the Management Committee, Head of Department, took part in the keel-laying ceremony for Chaika LNG, the first passenger ship in Russia to be powered by liquefied natural gas (LNG). The event was held at the shipyard of ...