In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.
Read More »Baku to Host Biggest Oil Refining and Petrochemistry Conference in Central Asia
SOCAR specialists will provide detailed information about the implementation of current and further development projects as part of the technical session in Sumgait on November 30.
Read More »A Stronger OPEC Needs Russia
OPEC realized the importance of working with Russia two decades ago. but the Russians did not understand the importance of working with OPEC until lately.
Read More »IAEA Chief Confirms Iran`s Compliance with Nuclear Deal
Despite accusations by the Trump administration against Iran'.s compliance with the nuclear deal. the U.N. nuclear agency chief denied these claims.
Read More »Iraq and Iran Boost Oil Exports in Sales Battle with Saudis
OPEC is to meet in November to discuss a possible extension of the deal beyond March.
Read More »European Council Adopts New Regulation on Gas Supply Security
This regulation. as well as the decision regarding intergovernmental agreements (IGA".s). are two of the main building blocks of the Energy Union strategy.
Read More »Russia May Re-Route Nord Stream 2
The pipeline was to connect Russia and Germany via the Baltic sea by running parallel to the existing Nord Stream pipeline.
Read More »OPEC Chief Says Floating Storage Is Shrinking
Crude oil in floating storage is declining. showing that the market is rebalancing.
Read More »China to Build World’s First High-Temperature Gas-Cooled Reactor Power Plant
The demonstration power plant. which is an updated version of the country’s 10 MW HTRG Test Module designed by Tsinghua University. kicked off its construction work in 2012.
Read More »Blockade Has No Impact on Qatar Gas Exports: IMF
The IMF document noted the natural gas price index—an average for Europe. Japan. and the United States—decreased by 9.6 percent from February to August 2017.
Read More »