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Turkish Petkim Increased Its Net Profit by 2.4 Times in Q1

The net profit of the Turkish petrochemical holding Petkim in the first quarter of 2017 compared with the same period in 2016 increased by 2.4…

First test gas will be pumped into TANAP in January

First test gas into the Trans-Anatolian Pipeline (TANAP), which will transport Azerbaijani gas to Turkey and then to Europe, will be pumped in January, 2018….

Vice-President of Bulgaria on Azerbaijani Gas

The main task of the European energy policy is security, competitiveness and sustainable development. This statement was made by the Vice-President of Bulgaria Iliana Yotova…

Uzbekistan starts construction of new refinery worth $2.2B

Uzbekistan has started construction of an oil refinery which will operate using the crude imported from Kazakhstan and Russia, the Uzbekistan National News Agency (UzA)…

OPEC and non-OPEC to Reduce Oil Production Again

The OPEC and non-OPEC countries fulfilled the agreement on the reduction of oil production by 98% in March, the cartel press release said. OPEC notes…

China Imported Most Expensive Oil from Azerbaijan in Q1

In the first quarter, China bought oil most expensively from Azerbaijan – at $ 436.7 per ton China in January-March 2017 increased oil imports by…

Expert: Actually, Georgia ousting Armenia from energy projects

In early November, 2016, Armenia’s government set up Energoimpex company to ensure transit of Iranian gas to Georgia. Georgia’s refusal to buy Russian gas will…

Gazprom will buy Uzbek gas to prevent its supply to China?

There is no economic sense for Gazprom to buy Central Asian gas just as gas. It needs it as an instrument of influence in its…

Israel-Europe gas deal sparks criticism

Palestinians living under occupation will ‘continue to be further brutalised’ by expansion of Israel’s gas industry. The Israel-EU deal ‘provides an incentive for Israel to…

TAP says soon to resume work in Italy to remain on schedule

The consortium constructing the Trans Adriatic Pipeline (TAP) will soon resume the work to remove the olive trees on TAP’s route in Italy.   “Following…

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