All news: page 8

Moscow. Russian President Vladimir Putin will meet with Turkish President Recep Tayyip Erdogan in Istanbul on November 19 to discuss the development of bilateral relations and topical regional and international issues, the Kremlin press office reported on Wednesday. "Putin and Erdogan ...

Moscow. LUKOIL and Gazprom Engine Fuel LLC have signed an agreement on mutually beneficial cooperation and the development of business partnership on the use of natural gas as motor fuel. As part of the agreement, LUKOIL will look into the expediency of designing a step-by-step plan to set ...

Moscow. Chief Executive Officer of Rosneft Igor Sechin held a working meeting with Chief Executive Officer of Saudi Aramco Amin Nasser. During the meeting, the heads of the two major hydrocarbon producers discussed a wide range of matters related to mutual interests and cooperation prospects ...

Moscow. PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas and Power Asia Pte. Ltd. , shipped a cargo of LNG produced from the Yamal LNG project to China National Offshore Oil Corporation (CNOOC). The LNG cargo was delivered to Fujian LNG Terminal in China via the ...

Baku. During the current year, Azerigas Production Association has supplied gas to 99 settlements, Azerigas said in a message on Nov. 13. In January-September 2018, Azerigas laid 2, 848 km of new gas pipelines, and for the safe operation of the gas pipeline network overhauled 208. 8 km ...

Germany’s Uniper invested 500 mln euro into the Nord Stream 2 gas pipeline project as of the end of September, Chief Financial Officer of the company Christopher Delbruck said on Tuesday. "Through the end of September, Uniper had provided about 500 million euro to fund the ...

Singapore. Oil markets struggled to find their footing on Wednesday after plunging by 7 percent the previous session, with surging supply and the specter of faltering demand keeping investors on edge. U. S. West Texas Intermediate (WTI) crude oil futures were at $55. 54 per barrel at 0159 GMT, ...

Atyrau. According to the results of three quarters of 2018, the volume of oil production at the Tengiz field in Atyrau region amounted to 21. 5 million tons. This Kazinform reported in the press service of the company. In January-September 2018, the volume of crude oil extracted at Tengiz ...

Tehran. Many refineries cannot do without Iranian oil. This said Trend the member of the Economic faculty of the University Tabatabai Majdi tagavi, citing the impact of US sanctions on previous sanctions against the country in 2012. "Now the main issue is that if Iran fails to sell its ...

New Delhi. India plans to lease out half of its Padur strategic oil reserve site in southern India to Abu Dhabi National Oil Co. (ADNOC) for storing crude, sources said. Indian Strategic Petroleum Reserves Ltd (ISPRL) will sign an initial agreement with ADNOC on Monday in the presence of ...

Russia’s oil major Lukoil will not sign the contract with Iran on the Mansouri oilfield until anti-Iran sanctions are lifted, Chief Executive Officer Vagit Alekperov said on Monday. "Sanctions that have been imposed against Iran, do not allow us to invest in projects there. In ...

Baku. In January-October 2018, Azerigas Production Association registered 70, 468 new subscribers, of which 41, 400 account for Baku, Absheron and Sumgait, while 29, 068 for the rest of Azerbaijan, Azerigas said in a message on Nov. 12. The total number of subscribers in the country ...

Moscow. The International Energy Agency (IEA) has improved its forecast for oil price by 6 percent to $88 per barrel in 2025 and by 0. 9 percent to $112 per barrel in 2040, according to IEA’s World Energy Outlook 2018 report. In September, the oil price surpassed $80 per barrel for ...

Singapore. Oil prices fell by more than 1 percent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel, after U. S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. U. S. West Texas Intermediate (WTI) crude oil futures were at $59. 06 ...

Abu Dhabi. LUKOIL plans to discuss with the government of Iraq the start of early oil production at Block 10, where the next exploration well will be drilled. This was announced on Monday by the General Director of the Russian oil company Vagit Alekperov. "I hope to meet the newly ...

Beijing. China’s crude oil imports averaged 9. 61 million barrels a day last month, customs data cited by Reuters has revealed, with the agency noting the amount is the highest on record. Once again, it was the independent refiners, or teapots, that drove the increase as they seek ...

Abu Dhabi. Venezuela is hoping to steeply raise oil output next year but will respect any new deal if OPEC agrees to reduce output from December. This was stated by the Minister of petroleum, Manuel Quevedo on Sunday. The south American OPEC nation’s current oil output is 1. 5 ...

Abu Dhabi. Russia’s oil production in November 2018 will be at about October’s level, Russian Energy Minister Alexander Novak said on Sunday. "The situation is unlikely to change, " he told journalists when asked whether Russia is going to keep oil output in November ...