The companies announced the project in July 2016. and aim to make a final investment decision after all necessary permits are secured.

BOTAŞ and SOCAR will own 50 percent of the company each and are not considering a third partner as yet.

U.S. crude inventories rose by 3.4 million barrels to 432.575 million in the week to March 27.

The new ethylene cracker will increase the ethylene capacity by around 1.2 million metric tons per year.

China. a permanent member of the U.N. Security Council. is one of the architects of the agreement.

TANAP project envisages transportation of gas from Azerbaijan'.s Shah Deniz field to the western borders of Turkey.

Indonesia announced four winners from five blocks in a direct offer tender on Wednesday.

Concerns rise that US exit from nuclear deal with Tehran will result in sanctions on Iranian oil and reduced exports.

Data showed U.S. personal income rose just 0.3 percent in March. compared with expectations of 0.4 percent.

Distributed generation is being embraced in China.