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.
Read More »Azerbaijan. Iran Agree on Preferential Tariff for Transportation of Oil and Oil Products
The North-South transport corridor is designed to connect Northern Europe with India and Southeast Asia.
Read More »IEA: Demand for Oil in World to Increase by 2023
IEA expects an increase in shale oil production and exports to Europe and Asia in the long term.
Read More »SOCAR Contributes to the Global Climate Change Efforts
SOCAR emissions from gas flaring stand at 0.3 million cubic meters per thousand barrels of oil equivalent per year.
Read More »