Government and society

Islamabad. Under the directives of Prime Minister Imran Khan and Federal Minister for Energy Omar Ayub Khan, the state-owned oil marketing company, Pakistan State Oil (PSO), has started import of Euro-V standard fuel in the country, said spokesperson of Petroleum Division. In a statement ...

Baku. The fire on the territory of the Azerikimya production union of the Azerbaijani state company SOCAR was not related to the production process, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR, told Trend. “There was a fire on the territory of ...

Belarus lost 1. 5 billion Belarusian rubles (about $600 million) because of the oil dispute with Russia, President Alexander Lukashenko said in his address to the nation and the parliament on Tuesday. "In this difficult situation (pandemic - TASS), we did not close our enterprises, ...

London. North Sea oil workers are staying offshore for as long as three weeks at a time, potentially increasing the risks of an already dangerous operating environment, according to unions. Most oil workers in the U. K. follow a “2/3” work pattern -- two weeks offshore followed ...

Moscow. The State Historical Museum opens exhibition of portraits by Fyodor Rokotov in Moscow, Russia, today. The first ever display of the ultimate collection of portraits by one of Russia's most famous psychological portraitists, recognized as a major influence on the Russian painting of ...

Melbourne. Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand would stutter just as major oil producers are set to raise output in August. U. S. West Texas Intermediate (WTI) crude futures fell 6 cents, or 0. 2%, to ...

Nizhnekamsk. An Agreement of Intent and a Roadmap for the implementation of the joint project has been signed in Nizhnekamsk today by the heads of the Russian and the Kazakh companies. PJSC TATNEFT and JSC Allur Group of Companies will establish a joint tyre manufacturing facility in ...

Moscow. Gazprom Export is in contact with its partners regarding the pipeline accident on the border between Bulgaria and Greece and expects an update on timing for completion of repair work from the Bulgarian side, the company’s press service told TASS on Monday. "Gazprom Export ...

Moscow. Two of Canada’s largest oil-sands producers plan to conserve cash until they have more confidence that a recovery from crude’s historic price crash has staying power. Cenovus Energy Inc. Chief Executive Officer Alex Pourbaix said he’s following data on miles driven ...

Mexico. Mexico will check prices closely before plunging into its annual oil hedge for next year because an erratic crude market is making the program more expensive, Finance Minister Arturo Herrera said. “It’s an extraordinarily volatile market, ” Herrera said in a video ...

Singapore. Oil prices lost more ground on Thursday, with the market weighed down by a surprise increase in U. S. crude oil reserves as the coronavirus pandemic hits fuel consumption. U. S. crude and distillate inventories rose unexpectedly and fuel demand slipped in the most recent week, ...

Ankara. Turkey's Fatih drillship has begun exploratory drilling for hydrocarbons in the Black Sea, Energy Minister Fatih Donmez said on Monday. "The Fatih vessel, with our people's prayers and support, has begun first drilling in the Black Sea. For Turkey's energy ...

Singapore. Oil prices fell on Wednesday as industry data showed a bigger- than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in the world’s biggest oil consumer. In his first briefing in months focused on the ...

Baku. The European Union has been engaging with Turkmenistan, along with Azerbaijan, on negotiations for linking Turkmen gas supplies to the Southern gas corridor, the EU delegation to Turkmenistan told Trend. "The Memorandum of Understanding on Cooperation in the Field of Energy, ...

Tokyo. Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. Brent crude LCOc1 was down 10 cents, or 0. 2%, at $43. 04 a barrel by 0047 GMT, after dropping slightly last week. U. S. oil was off ...

Moscow. The US sanctions Secretary of State Michael Pompeo warned about on Wednesday, are unlikely to seriously affect the TurkStream pipeline, Dmitry Marinchenko, head of the group for natural resources and commodities at Fitch, told TASS. At the same time, these sanctions may create ...

Melbourne. Oil prices were unchanged on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries just as major producers get set to loosen production curbs. U. S. West Texas Intermediate (WTI) crude CLc1 futures ...

Moscow. The United States are using political pressure for unfair competition purposes, extending sanctions to the Nord Stream 2 and the TurkStream gas pipelines, official spokeswoman of the Russian Foreign Ministry Maria Zakharova told TASS. "This is the use of political pressure for ...