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Iraq Wants to Build New Section of Kirkuk-Ceyhan Oil Pipeline

Iraq intends to build a new section of the pipeline from the town of Baiji to the Fish-Habur checkpoint near the borders with Turkey and…

Oil Prices Fall More Because of IEA Forecasts

The prices of reference brands of oil significantly accelerated the decline in trading on Tuesday after the International Energy Agency (IEA) lowered forecasts of world…

U.S. to Exit Global Anti-Corruption Effort Aimed at Oil Cash

 → Oil, mining companies pledged to disclose overseas payments  → U.S. joins Azerbaijan in rejecting anti-corruption initiative            The Trump administration said…

OPEC + Countries Fulfilled Agreement by 120% in September

OPEC and non-OPEC countries participating in the agreement on oil production limitation reached a record 120% in September, the cartel’s press release said, following the…

Oil Price Set at $45 in State Budget of Azerbaijan

In the draft state budget of Azerbaijan for 2018, the base price for one barrel of oil is indicated at $45. The draft state budget…

TAP pipe deliveries complete to Albania, Greece, Italy

The last shipment of steel line-pipes for the construction of the Trans Adriatic Pipeline (TAP) arrived in Thessaloniki, Greece on October 10, marking the completion…

Historical Artifacts Discovered during Construction of TANAP Pipeline

During the construction of the TANAP pipeline in the province of Kutahya in the west of Turkey, historical values ​​as well as ancient tombs dating…

Australia Closing In On Qatar as World’s Top LNG Exporter

Australia expects to increase exports of liquefied natural gas (LNG) by 16 percent from mid-2018 as $180 billion in new projects hit their stride, nearly…

IEA increases forecast for world oil demand in 2017

The International Energy Agency expects that world demand for oil in 2017 will increase by 1.6 mln barrels per day year-on-year The International Energy Agency…

Uzbekistan in 2017 will increase gas production

Uzbekistan in 2017 for the first time in many years will increase gas production, the growth will be 1.5 billion cubic meters. TASS learned from…

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