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USA Delivered First Batch of LNG to Poland

The United States delivered the first consignment of liquefied natural gas (LNG) to Poland and expects that this will have a positive impact on ensuring…

Export Earnings of OPEC Fell by 13.2% in 2016

Revenues from oil exports by OPEC countries in the past year fell by 13.2% compared to 2015, amounting to $ 445.7 billion, the organization’s document…

Gazprom and OMV to Revive South Stream

The Austrian company OMV and Russian Gazprom are discussing the possibility of reviving the South Stream project, which envisaged the construction of a pipeline from…

BP Wants to purchase Russian Gas from 2019

The Deputy Prime Minister of Russia Arkady Dvorkovich stated that Rosneft had not applied to the government with a request to approve the export of…

The Saudis Lose Their Currency Reserves

The cost of Saudi Arabia’s net foreign assets fell to $ 493 billion in April for the first time since 2011, even after the kingdom…

Baku Knows about Forces that Prevent Construction of TAP

Azerbaijani President Ilham Aliyev states that there are forces preventing the construction of the TAP (Trans Adriatic Pipeline) pipeline. “One of the key issues facing…

OPEC to No Longer Reduce Extraction of Raw Materials

All quotas of the OPEC countries and non-cartel countries remain at the same level, Azerbaijani Energy Minister Natig Aliyev told journalists in Vienna 25 May….

Natig Aliyev to Attend Meeting of OPEC

The Energy Minister of Azerbaijan Natig Aliyev will take part in the meeting of OPEC member countries and countries outside the cartel in Vienna on…

Barriers Constantly Appear on TAP’s Way

The newspaper claims that according to the most conservative forecasts, the construction of the Albanian section of the gas pipeline has been suspended for a…

Azerbaijan Finances Its Share of $6.6 Bn within Southern Gas Corridor

To date, Azerbaijan has invested $ 6.6 billion to finance its stake in the Stage-2 project for the development of the Shah Deniz gas condensate…

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