Since February 1, a liter of gasoline No 95 has cost AZN 1.5 (1 manat before the rise), and a...

In November 2017, the US increased oil production to more than 10 million barrels per day (b / d) for...

Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, will meet 40 percent of Bulgaria’s demand, Ulrike...

The work on the implementation of the Shah Deniz-2 project, operated by BP, is almost complete. This statement was made...

The Brent and WTI spread decreased to $ 3.8 in world market.  Report informs, in December the price spread was...

The contract relates to the construction of the New Units on an EPC lump-sum basis as part of the Modernisation...

More than two decades has passed since Iran started gas recovery from the supergiant offshore South Pars gas field which...

The Turkmen ambassador to Tehran says Iran and Turkmenistan need to continue talks to solve technical matters concerning their joint...

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) received the first bonus payment in the amount of USD...

Iran's petrochemical sector is expected to yield 5% more output in the current Iranian calendar year which began on March...

The State Oil Company of Azerbaijan Republic has exported 1,498.1 thousand tons of oil in 2017 via the Baku-Novorossiysk pipeline (Novorossiysk...

 The main directions of Kazakhstan's economic policy in 2018 will be preservation of macroeconomic stability, provision of a favorable business...

The U.S. Treasury Department named major Russian businessmen including the heads of the two biggest banks, metals magnates and the...

Germany's energy major, Wintershall, has submitted its proposal for developing Iran's Dehloran Oilfield to National Iranian Oil Company (NIOC), which...

Singapore Shipbuilding Corporation Keppel on its website announced the voluntary liquidation of Caspian Shipyard Company (CSC) LLC in Azerbaijan. "Keppel...

A private investment company Prostar Capital became the owner of 90% of the shares of SOCAR's oil terminal Aurora Fujairah...

The State Minister of Energy of Pakistan Jam Kamal Khan informed the Senate of Pakistan about the imminent start of...

Azerbaijan exported 575.02 mln cum of natural gas to Turkey in November 2017. Referring to the Turkish Energy Market Regulatory...

The National Iranian Gas Company (NIGC) announced that the new sales contract inked with neighboring Turkey’s BOTAŞ has nothing to...

In April this year, the global oil market could gain momentum and then it would be necessary to gradually withdraw...

In 2017 the export of Turkmen kerosene increased by more than 26%. According to Goskomstat of the country, only abroad...

Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking...

Price of March futures for the North Sea petroleum mix of mark Brent crude increased by 1,5% and exceeded $...

Department of Energy Secretary Rick Perry said Wednesday that the US is "blessed" to provide fossil fuel to the rest of the...

Iranian and Belarussian industry ministers signed eight cooperation documents in various economic sectors, IRIB news reported on Wednesday. The documents...

National Iranian Drilling Company (NIDC) is planning to participate in neighboring Iraq's drilling tenders. Speaking to reported on the sidelines...

Iranian Minister of Petroleum Bijan Zangeneh says Belarus has expressed willingness to increase its oil purchases from Iran. The European...

Kazakhstan produced 72.9 million tons of crude oil and 13.3 million tons of condensate in 2017. The Minister of Energy...

SOCAR imported 1,761 mcm of gas from Iran in 2017, the State Oil Company said. In 2016, the volume of...

Russia that increased gas export to EU via Ukraine in last year by 13.7%, started to decline the volume gradually...