Russia's largest state-owned oil company, Rosneft announced that it has discovered two new oil and gas fields in Eastern Siberia with recoverable reserves of around 80 million metric tons each.
read more... 16/02/2011
The Iranian deputy oil minister announced on Saturday that the country will export 1.5 million liters of gasoline and diesel oil to Armenia each day.
read more... 15/02/2011
Russia’s Rosneft and ExxonMobil have found common ground regarding joint development of oil and gas resources in the Black Sea, which involves exploration and production in the Tuapse Trough, an 11,200-square-kilometers deepwater offshore area along the Black Sea coast of the Krasnodar region.
read more... 14/02/2011
The Italian oil tanker, Savina Caylin was captured by pirates in the Indian Ocean on Tuesday with a crew of five Italians and 17 Indians on board.
read more... 09/02/2011
The Iranian Oil Minister, Masoud Mirkazemi reported to media that Iran will soon inaugurate the largest oil refinery in the Middle East.
read more... 07/02/2011