Oil and gas: page 8

Moscow. The situation on the global oil market is currently stable and Saudi Arabia, which is Russia’s partner under the OPEC+ agreement, made a large contribution for its stabilization, Russia’s Energy Ministry said in a statement on Friday. The ministry stressed that after ...

Baku. Work is underway to build a new petrochemical plant for BP and Socar Turkey in Aliaga city in Izmir Province, Chief External Affairs Officer at SOCAR Turkey Energy Murat LeCompte said in an interview with Trend. The chief external affairs officer reminded that an agreement on the ...

Tokyo. Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices. Brent crude was down 1 cent at $62. 01 a barrel by 0055 GMT, having logged a weekly gain of more ...

Baku. As many as 40, 000 people were involved in the implementation of the Southern Gas Corridor (SGC) project at its peak, BP Vice President for communications, external affairs and strategy in the Azerbaijan, Georgia and Turkey region Bakhtiyar Aslanbayli said at the International Energy ...

Moscow. The Gazprom Board of Directors took note of the information about the ongoing implementation of programs aimed at expanding gas infrastructure in Russian constituent entities, including the data on the economic model, synchronization with regional programs for converting housing and ...

Sochi. Russia and Equatorial Guinea may look at possible resumption of the activities of the working group on energy cooperation, Russian President Vladimir Putin said on Thursday at a meeting with President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo on the sidelines of the Russia-Africa ...

Kazan. A meeting of the Board of Directors of PJSC TATNEFT named after V. D. Shashin chaired by R. N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on October 24, 2019. The meeting participants discussed the Company’s budget performance for nine months of ...

Tokyo. Oil prices declined on Friday after three straight days of gains, as gloomy economic growth forecasts renewed concerns over the outlook for demand. Brent crude LCOc1 was down 36 cents, or 0. 6%, at $61. 31 by 0318 GMT. Having risen nearly 1% on Thursday, the global benchmark was ...

Moscow. President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi. According to the ...

Baku. Uzbekistan’s President Shavkat Mirziyoyev held a meeting to discuss ongoing work to develop the oil and gas industry, Trend reports citing presidential press service. The issues in the oil and gas industry were analyzed, and the importance of measures taken in recent years as ...

Moscow. The Gazprom Board of Directors approved the revised investment program and budget (financial plan) for 2019. The key figures of the investment program did not change compared to the version approved by the Gazprom Management Committee in September this year. Pursuant to the ...

Baku. Southern Gas Corridor is a certain source of route diversification, said State Secretary for Information and the International Representation of Hungary Tamás Menczer, Trend reports citing Hungarian media. “The construction of the Southern Gas Corridor is a certain source ...

Sochi. Lukoil plans to sign an array of agreements with African countries on new projects, including in the refining sector, in Sochi later in the day, Chief Executive Officer of Russia’s oil major Vagit Alekperov told reporters at an economic forum on the sidelines of the Russia-Africa ...

Singapore. Oil prices dipped on Thursday after sharp gains in the previous session following a surprise draw in U. S. crude inventories, with concerns over a weak demand outlook adding to downward pressure. Brent crude futures LCOc1 fell 33 cents, or 0. 5%, to $60. 84 a barrel by 0335 ...

Kiev. The United States hinders gas cooperation between Ukraine and Russia, as it is interested in supplying its own liquefied gas to Europe, according to political analyst Alexei Kalinichenko. "As long as the United States wants to supply its liquefied natural gas to the European ...

Baku. The Trans Anatolian Natural Gas Pipeline (TANAP), which is a part of the Southern Gas Corridor project, has transported nearly 1. 798 billion cubic meters of gas from January through September 2019, Trend reports citing Azerbaijan’s state oil company SOCAR. The initial capacity ...

Ashgabat. A two-day international exhibition and conference «Oil and Gas of Turkmenistan 2019» kicked off in Ashgabat on Oct. 22, Trend reports referring to the organizers - the Turkmen Oil State Concern and the Turkmen Forum company. On the first day of the event, plenary ...

Singapore. Oil fell on Wednesday after gaining over 1% in the previous session as U. S. industry data showed a bigger-than-expected build in crude stockpiles, but the possibility of deeper output cuts from OPEC and its allies contained the decline. Brent crude futures LCOc1 dropped 31 ...