OPEC and several other non-OPEC producers have reached an agreement to extend the production deal for a further nine months.
Read More »SOCAR Opens Offshore Oil Filling Season in Ukraine
The network operates 60 petrol stations in Ukraine. as well as two ``Baku-1`` oil bunkers in Kiev and ``Ganja`` in Odessa.
Read More »Construction of TAPI Pipeline is Carried Out According to Plan
As the leader of TAPI Pipeline company Limited. Turkmengas State Concern. which has a controlling stake. acts as the main financier and project manager.
Read More »Iranian Tanker Disaster Investigation Ends in Split Verdict
The Sanchi was carrying the equivalent of nearly 1 million barrels of ultra-light crude. plus its own fuel. to South Korea.
Read More »Azerbaijani Energy Minister Visits Iran`s Oil Exhibition
The four-day exhibition is sponsored by the Iranian Ministry of Oil and its subsidiary the National Iranian Oil Company.
Read More »Iran holds 23rd Int’l Oil. Gas. Refining and Petrochemical Exhibition
Several memorandums of understanding are expected to be signed on the sidelines of the exhibition.
Read More »Russia Complies with OPEC Oil Output Cut Quota by 95.2% in April
Russia committed to reduce oil production by 300.000 barrels a day.
Read More »Russia Complies with OPEC Oil Output Cut Quota by 95.2% in April
Russia committed to reduce oil production by 300.000 barrels a day. had been gradually heading towards this level since early 2017 and reached this level last May.
Read More »SOCAR Announces Exact Date of Launching TANAP
TANAP project envisages transportation of gas from Azerbaijan'.s Shah Deniz field to the western borders of Turkey.
Read More »Iran Try to Form Joint Oil Firm with Azerbaijan
The JCPOA implementation is acceptable for Iran’s oil sector until the Islamic Republic is able to sell its oil.
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