All major Caspian Sea projects should undergo environmental review
All Caspian Sea littoral states (Russia, Azerbaijan, Iran, Kazakhstan and Turkmenistan) have the right to take part in the environmental reviews of cross-border projects, which can affect the Caspian …
Russian companies interested in Turkmenistan’s oil and gas fields
Russia’s Rosneft, Lukoil and Gazprom companies have shown interest in developing oil and gas fields in Turkmenistan, First Deputy Head of the Russian Government Office Sergei Prikhodko told …
Ukraine’s largest importer of petroleum products stops importing diesel fuel from Russia
Wexler Group, the largest importer of petroleum products in Ukraine will stop importing of diesel fuel from Russia from August 1, due to introduction of duties by official Kiev, the company s …
Oil transportation via Baku-Novorossiysk pipeline resumed
The Azerbaijan State Oil Company (SOCAR) has resumed oil transportation via the Baku-Novorossiysk pipeline, the head of the public relations SOCAR department Ibragim Akhmedov told TASS on …
OPEC + countries agree to extend deal; difficulties may arise with charter and fees
OPEC + countries have agreed to extend the transaction to reduce oil production until April 2020, difficulties in today's negotiations may arise with the charter and cash contributions of the …
Russia will consider OPEC's proposal on global oil reserves
Russia's Energy Ministry will consider OPEC's proposal on Tuesday to transfer the organization's goal for global reserves from 2013-2017 to 2010-2014 which should be reached as a result of cutting oil …
OPEC approves extension of deal on cutting oil production for 9 more months
The OPEC session has ended, and its member states agreed on extending the deal on cutting oil output for nine months starting from July, the Minister of Energy and Industry of the United Arab Emirates …
OPEC+ deal to be extended until April 2020 most probably
The most probable and the most discussed period for renewal of OPEC+ oil production capping deal is until April of the next year, a high-ranking source in the alliance told TASS on Monday.
Minsk will go to court if Moscow does not compensate lost profits from low-quality oil
Belarus reserves the right to go to court if Russia refuses to compensate for lost profits due to substandard oil, Deputy Prime Minister of Belarus Igor Lyashenko said on Friday.
"We see, obviously, …
Azerbaijan supports renewing OPEC+ deal on same terms
Minister of Energy if Azerbaijan Parviz Shahbazov believes that it would be viable to extend the OPEC+ deal to reduce oil production under the same conditions, he told reporters.
"I think that this …