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Russia’s Oil Giant Lukoil Plans $100B Investment Over Ten Years
As part of a new development strategy, Lukoil plans to invest more than US$100 billion in various projects, primarily in Russia, Vagit Alekperov, the chief executive of Russia’s second-largest oil producer, told President Vladimir Putin during a meeting on Tuesday.
read more... 29/01/2020
Oil Leaders at Davos Debate Tougher CO2 Cuts as Pressure Mounts
The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday, a sign of how much pressure they’re under from activists and investors to address climate change.
read more... 27/01/2020
Rosneft increases its share in Bayernoil refinery
Rosneft Deutschland, a subsidiary of Russian oil giant, has completed the deal to acquire a 3.57% stake in Bayernoil Raffineriegesellschaft from British BP, Rosneft said on 17 January, adding that as result of this deal, Rosneft increased its shareholding to 28.57% from 25%.
read more... 22/01/2020
Belarus starts importing oil from Norway
Belarusian Oil Company (BOC) has bought a batch of Norwegian oil from Johan Sverdrup with delivery to the Lithuanian port of Klaipeda, reports the Reuters agency.
read more... 21/01/2020
BP, SOCAR begin exploration drilling at Shafag-Asiman block offshore Azerbaijan
British oil company BP and its partner State Oil Company of the Republic of Azerbaijan (SOCAR) have commenced drilling of the Shafag-Asiman block offshore Caspian Sea in the Azerbaijan sector.
read more... 16/01/2020