Latest news
Socar and BP’s consortium to extend the development of Azeri-Chirag-Gunashli oilfields until 2050
Azerbaijan’s energy major SOCAR and BP-operated Azerbaijan International Operating Company (AIOC) signed a deal to extend the development the Azeri biggest fields by a quarter of century to 2050.
read more... 26/12/2016
India expects to generate about 60% of electricity from renewable sources by 2027
India envisages generating nearly 60% of electricity from the renewable energy by 2027, overpassing the renewable energy targets set in Paris last year by nearly half and three years ahead of the schedule.
read more... 26/12/2016
Egypt is taking first step towards gas liberalization
Egypt is on the path to liberalize and deregulate its gas market, envisaging a gradual liberalization, transforming the country into a regional energy hub.
read more... 26/12/2016
Daily (26.12.2016): U.S. WTI crude hits the highest level in 17 months
Crude oil prices were little changed on Friday in a calm trade ahead of the Christmas and New Year holiday week. However, the crude oil contracts posted small gains, as the market strived to observe how OPEC manages its planned output cuts with Libya expecting to boost production. Brent futures rose by 11 cents, or 0.2 percent, to settle at $55.16 a barrel, while U.S. West Texas Intermediate (WTI) crude added seven cents, or 0.1 percent, to end at $53.02, its highest close since July 2015.
read more... 26/12/2016
Turkish electricity prices surge to the highest level in years
Turkey’s electricity prices surged to their highest level in years, as natural gas consumption was spurred by higher household demand due to cold weather.
read more... 23/12/2016