Latest news

Lukoil aims to sell some foreign assets due to Crimea sanctions

Lukoil is seeking to reduce its refinery complex in Italy and concentrate on internal production.

read more... 22/09/2017


Kazakhstan will get from Vitol up to $5 billion for oil deals

Commodity trader Vitol has increased its export prepayment loans to state oil companies in Kazakhstan to US$5 billion, reinforcing its position in extracting Kazakh oil at a moment when the production of the central Asian nation might grow, as reported by Financial Times on Monday.

read more... 19/09/2017


Azerbaijan: The deal to extend oilfield to 2049 signed by BP-led partners and SOCAR

A deal has been signed between the Azerbaijan government, the State Oil Company of Azerbaijan (SOCAR) and BP-led partners for the Azeri, Chirag, and deepwater Gunashli field (ACG) in the Caspian Sea.

read more... 18/09/2017


Premier Oil: A stake in North Sea gas field for sale

The Premier Oil company intends to find a buyer for a half of its stake in the Babbage gas field, in the North Sea, pursuing the idea of reducing the debts accumulated at the time when the crisis hit the oil market.

read more... 15/09/2017


Iraq’s Majnoon oil field is of no interest to Shell

Shell wants to sell its share in Iraq’s Majnoon oil field after both parties failed to reach an agreement on future production plans and investment budgets, as stated by Reuters on Wednesday.

read more... 14/09/2017