Latest news
Iran targets the European gas market via Turkish pipeline
Mr. Masoud Mirkazemi, the Iranian oil minister and Mr. Taner Yildiz, Turkish energy and natural resources minister met in Tehran on 8th January 2011. The discussion was based on issues of mutual interest.
read more... 10/01/2011
Russian-Chinese oil pipeline starts operating
A crude oil pipeline between Russia and China is now in operation which will help Russia in diversifying its oil clients more towards the east and will overturn decades of Russian dependence on European markets. The project costs $25bn and was partially financed by Chinese loans.
read more... 05/01/2011
Gazprom and South Stream Bulgaria JV in a common project.
Gazprom, the Russian giant will collaborate with South Stream Bulgaria AD in the South Stream pipeline project. The project which will be put into operation in December 2015 and it implies a 50 % stake from Gazprom.
read more... 17/12/2010
Caspian Pipeline Consortium (CPC) approved the expansion of the Caspian pipeline.
The shareholders and governing bodies of the Caspian Pipeline Consortium (CPC) approved the budget for expansion of the Caspian pipeline, announced Chevron Corporation.
read more... 16/12/2010
Lawmaker assures enough supply of LPG for Christmas
A lawmaker removed any concern of consumers, ensuring that there is sufficient supply of liquefied petroleum (LP) at an affordable price during the Christmas period. The LPG trade will not be affected by the Batangas-Manila oil pipeline shutdown.
read more... 14/12/2010