Latest news
Azerbaijan’s SOCAR in talks to develop oil field in Russia: VP
Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oil field in Russia, SOCAR Vice President Elshad Nasirov told reporters Nov. 1 in Minsk, Reuters reported.
read more... 02/11/2018
BP profit doubles in best underlying result in over 5 years
Oil major BP PLC on Tuesday said higher oil prices and a positive operating performance led to a doubling in the company's quarterly profit.
read more... 30/10/2018
CEO: Rosneft has capacity to lift oil production by the end of 2018
Russia’s largest oil producer Rosneft has the capacity to increase its crude oil production by the end of 2018 and will have additional capacity available in 2019, chief executive Igor Sechin said on Thursday.
read more... 26/10/2018
BP to develop two new fields in the North Sea
BP is set to quickly develop two new oil fields in the UK North Sea which are expected to produce 30,000 barrels gross of oil equivalent a day at peak production.
read more... 22/10/2018
SOCAR's STAR refinery in Turkey's İzmir to be inaugurated today
The State Oil Company of Azerbaijan Republic's (SOCAR) Turkey Aegean Refinery (STAR) in İzmir's Aliağa district will be inaugurated today.
read more... 19/10/2018