Drilling works are planned to start at "Shafag-Asiman" block in 2019. Report informs, BP Regional President for Azerbaijan, Georgia and...

90 billion cubic meters of gas, 22 million tons of condensate extracted so far from the Shah Deniz gas condensate field...

An agreement was reached to establish a new company for project design of the Ionian-Adriatic Pipeline (IAP), which will be...

Iran’s Bandar Abbas Gas Condensate Refinery (aka Persian Gulf Star Refinery) has started the procedure to provide euro-5 gasoline in...

Baku today hosts the fourth meeting of ministers within the Southern Gas Corridor Advisory Council. Report informs, the event will...

The National Iranian Oil Company (NIOC) says it will hold tenders for developing $5 billion worth of oil and gas...

The Iranian side has not yet submitted proposals on an acceptable price for gas. The Deputy Minister of Energy Infrastructures...

The fourth Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council will take place in Baku on February 15. ...

On February 12, the Trans Adriatic Pipeline (TAP), organised a ceremony to mark the start of works for the 1.5-km...

Iran's Pars Oil and Gas Company (POGC) says two new refinery trains belonging to phases 13 and 22-24 of the...

SOCAR Ukraine, SOCAR’s  subsidiary in Ukraine, will supply the Ukrainian Defense Ministry with 5.100 tons of aviation fuel. Report informs referring...

India’s contribution to the development of Iran’s Farzad B gas field in the Persian Gulf is among the issues to...

The number of active oil wells in the United States increased by 26 units (3.4%) during February 3-9 and amounted to...

Oil and condensate production in Azerbaijan will be 0.79 million barrels per day in 2018. According to EIA forecasts, published...

According to the results of 2017, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received $ 6.41 billion...

The consortium for construction of the Trans Adriatic Pipeline (TAP) is committed to expand the pipeline by building compressors, said...

Transit of oil through pipelines in Georgia amounted to 281.7 million barrels in 2017, which is 0.9% less than in...

The volume of oil refining at the refineries in Kazakhstan in 2018 is planned at the level of 15.8 million...

The World Bank (WB) plans to assist Uzbekneftegaz JSC in developing a tariff policy in the field of gas supply...

The National Iranian Drilling Company (NIDC) has drilled 143 oil and gas wells over the course of the past 10...

Managing Director of the National Iranian Gas Company (NIGC) Hamid-Reza Araghi in his weekly press briefing said, “under the contract...

The correction of oil prices in the world market continues and there is potential for further price cuts. Report informs,...

The Oil Fund of Azerbaijan still prefers to place most of its assets in US dollars, the data of SOFAZ...

Oil production at the offshore Kashagan field in the Atyrau region of Kazakhstan has approached 300 thousand barrels per day....

SOCAR is turning into one of the largest exporters of fuel oil from the Baltic ports to the world markets....

Gazprom increases the investment estimate for construction of the Turkish Stream gas pipeline to $7 bln, Deputy CEO of the...

Norway's Statoil will raise its dividend, investments and exploration spending in 2018, it said on Wednesday, after higher oil prices...

Energy Information Administration (EIA) of the US Department of Energy increases forecast for Brent to $ 62.39/bbl in 2018.  Report...

Australian Benthic, a global geosciences company, has secured a contract for an offshore geotechnical investigation in the proposed Azeri Central...

The managing director of South Zagros Oil and Gas Production Company (SZOGPC) said his company has produced 50 billion cubic...