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EU and Iran agreed to create work group on oil trade

The European Union and Iran have agreed to create a joint work group which will be working on oil trade issues, said Miguel Arias Cañete, EU commissioner for energy.

read more... 21/05/2018


Iran signs agreement with British consortium to develop oil

TEHRAN, Iran: Iranian state TV is reporting that Tehran has signed an agreement with a British consortium to develop an oil field in the country’s south.

read more... 17/05/2018


BP ready to launch drilling operations of the first well in shallow waters of Absheron Peninsula

Vice-President for External Affairs of BP Company in Azerbaijan, Georgia and Turkey Bakhtiyar Aslanbeyli declared that BP Company intends to launch the drilling of the first well in promising structures in the shallow waters of Absheron Peninsula (SWAP) at the beginning of 2019.

read more... 07/05/2018


Statoil begins construction works on Norway’s biggest oil line

Statoil made known on Monday that Italy’s Saipem has commenced operations to install Norway’s biggest crude oil pipeline, part of the Johan Sverdrup offshore expansion.

read more... 03/05/2018


Iran wants to form common oil company with Azerbaijan

Iran wishes to create a joint oil firm together with Azerbaijan. Amir Hossein Zamaninia, the Islamic Republic’s Deputy Oil Minister for International and Commercial revealed that the company will be formed within the framework of an agreement recently inked between the two parties.

read more... 30/04/2018