Oil and Gas

In Q1, SOCAR increased drilling volume by 14%

In January-March 2018, drilling departments of SOCAR increased drilling volumes compared to the first quarter of 2017 by 14% to 40,5 thousand meters, the Interfax-Azerbaijan was informed by SOCAR.<

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Uzbekistan is preparing to receive a delegation from Japanese Kawasaki to discuss a major gas chemical project.

Kawasaki Heavy Industries Ltd could take part in the construction of a gas-to-gasoline (GTG) plant in Uzbekistan, Uzbekneftegaz reported on April 16, 2018.

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Lukoil develops and successfully applies solutions for difficult oil

A twofold increase of the production volumes of hard-to-recover oil has been reached at the Symoryakhskoye field of Urayneftegaz.

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High-tech equipment of the Institute of Oil Processing of the Republic of Bashkortostan not to be privatized

The Center of Prototyping has been excluded from the process of corporatization of the Institute of Oil Processing of the Republic of Bashkortostan.

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Shevcovic: rules must be the same for Nord Stream-2 and other pipelies

The Nord Stream-2 gas pipeline should be subject to equal conditions as all other EU gas transportation routes.

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Bashneft to pay over 440 mln for domestic catalytic cracking

Bashneft will purchase a domestic catalyst for catalytic cracking processes at its refineries. The company signed a contract with Ishimbay specialized chemical plant of catalysts in April.

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Analysts predict sharp deficit of fuel and explosive growth in petrol prices

Energy experts in the Ukraine have discussed in detail the current state of the oil processing industry, which is the most important sector of the country's economy.

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Transneft to pay $2 bln of debt and borrow 50-69 bln rubles

This year Transneft intends to repay $2 billion of its debt, the company’s first vice-president Maxim Grishanin said on Friday.

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SOCAR Polymer to launch production of polyethylene in Q3

SOCAR Polymer, established by the state-owned oil company of Azerbaijan for the production of polyolefins, will launch the production of low-pressure polyethylene in the third quarter, and the poly

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