Tag Archives: News.am

The Turkish Petroleum state oil company (TPAO) has received a license to conduct exploration in order to discover oil in the Sea of Marmara, reports Hurriyet daily. Turkish Petroleum has received licenses for oil exploration in the Sea of Marmara off the coast of Tekirdag, Balikesir, and Canakkale. According to …

Saudi Arabia will cut key crude oil prices for buyers in all regions, including its main Asia market, for February amid persistent weakness in the market, Bloomberg reported. State producer Saudi Aramco reduced its flagship Arab Light price to Asia by $2 to $1.50 a barrel above the benchmark. Oil …

The General Director of the Industry, Mine and Trade Organization of the Iranian province of East Azerbaijan, Mohammad Jafar Ozmaei, stated that during the first 8 months of the current Iranian year, the province exported non-oil products amounting to over 960 million dollars, Mehr reports. According to Ozmaei, between March …

Technical planning for the development of the Iranian Arvandkenar oilfield near Iran-Iraq border has begun, IRNA reports citing Arvandan Oil and Gas Company CEO Abdollah Azaari Ahvazi. Ahvazi told IRNA on Sunday that the company will develop the Arvandkenar oilfield, located at the southern tip of the region West Karoun. …

Today, on January 6, the gas pumping by Gazprom to the European Union countries through Sudzha gas metering station (GMS) on the Russian-Ukrainian border will amount to 35.5 million cubic meters. Thus, in less than a week, the export figure has decreased by approximately 7.8 million cubic meters, Kommersant writes. …

Oil prices rose Friday, posting a second straight year of gains, albeit paltry, in a year marked by limited supplies due to the conflict in Ukraine, a strong dollar and weak demand from the world’s largest crude oil importer China, Reuters reported. Brent crude futures rose 44 cents, or 0.5%, …

Bulgaria’s acting energy minister arrived in Istanbul for talks that he hopes will lead to an agreement on long-term access to liquefied natural gas (LNG) terminals in Turkey and gas transit to its border. Executives of Bulgaria’s state gas company Bulgargaz and gas grid operator Bulgartransgaz are also taking part …

Global oil prices on Monday morning rose by about 1%, according to the trading data. Markets are evaluating the prospects of expansion of consumption of this raw material in China, follows from the commentary of the expert. The price of Brent crude oil futures for February is increasing by 0.86% …

Egypt has discovered a large gas field in the Nargis region of the eastern Mediterranean, Oil Minister Tarek El Molla said, Reuters reports. An assessment of the field’s reserves is still ongoing, he told a parliamentary committee briefing. According to Chevron’s Web site, Nargis is one of four offshore exploration …

A dozen countries, including Belgium, Italy, Poland and Slovenia, have made efforts to “significantly” lower the European Union’s planned gas price cap amid the bloc’s attempts to reach an agreement on the issue, Reuters reports. Gas prices in Europe have risen sharply this year after Russia cut gas supplies, leading …