In November. OPEC and non-OPEC ministers will discuss the market situation and implementation of a global deal to cut oil production.
Read More »Azerbaijan Fulfills Commitments Under OPEC Deal in September
The OPEC Joint Technical Committee was created to monitor the implementation of countries’ commitments to cut oil production.
Read More »Ukraine State Company Wants in on Development of Azerbaijan`s Biggest Oil&Gas Fields
The company is ready to supply gas turbine equipment with the capacity of 6. 15 and 25 MW for the needs of oil and gas companies of Azerbaijan and for regional power supply and power supply of factories.
Read More »Azerbaijan. Iran Preparing Joint Energy Projects in Caspian Sea
There is a huge ground for cooperation in the energy sector between Iran and Azerbaijan to help boost the two nation'.s economic development.
Read More »UAE Company to Take Part in Azerbaijan’s Absheron Field Development
Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate.
Read More »Iran to Install New Platform at Joint Oilfield with Saudi Arabia
Iran'.s share in total reserves of the field is about 11 percent. Foroozan contains 3.432 billion barrels of in-situ oil reserves.
Read More »Azerbaijan Among Over-Conforming Non-OPEC Countries
The reductions will be on the same terms as those agreed in November.
Read More »OPEC Non-OPEC Reach Highest Ever Conformity Level
The next JMMC meeting is scheduled to be held in Vienna. on 29 November 2017.
Read More »TANAP Construction Completed by Over 80%
TAP’s shareholding is comprised of BP (20 percent). SOCAR (20 percent). Snam S.p.A. (20 percent). Fluxys (19 percent). Enagás (16 percent) and Axpo (5 percent).
Read More »Major Petrochemical Deals Expected in Three Months
Total and Iran reached a preliminary agreement this year to build three petrochemical plants.
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