MOSCOW/LONDON (Reuters) – Azerbaijan’s BP-led Azeri-Chirag-Guneshli (ACG) project will have to cut output sharply from May for the first time ever as the country moves to meet its commitment under a global deal to cut production, four sources told Reuters ...
When Azerbaijan became the elected member of the United Nations Security Council in 2012-2013 for the first time in its independent history the achievement may have seemed surreal for this small country in the South Caucasus region. However, it was ...
April 3, 2020 Yesterday, President Trump announced via tweet his expectation for Saudi Arabia and Russia to come to agreement over an oil supply cut on the order of 10-15 million barrels (presumably per day, but the president did not specify). The ...
When on December 31 2019, Russia and Ukraine reached a tense and difficult five-year gas supply deal, in Brussels they heaved a sigh of relief, with the EU energy Commissioner Maros Sevcovic addressing the agreement as “great news for Europe’s ...
At this year’s World Economic Forum meeting in Davos, Switzerland, Azerbaijani President Ilham Aliyev told the Russian news agency RIA Novosti that transporting Russian natural gas via the Trans-Anatolian Pipeline (TANAP) is technically possible but that Azerbaijan has never received an official ...
Buoyed by ample supply, global energy markets continue to underestimate risks to output from the Middle East, despite the recent escalation in tensions between the United States and Iran. This disconnect between risk and prices was highlighted in September when Iran ...
In a December 2nd conference call, the leaders of Russia and China will officially launch a new era in relations between the two countries. The largest gas exporter and the fastest growing large market in the world will be connected by ...
On May 6, Turkish, Azerbaijani and Russian representatives met in Ankara and issued a joint memorandum on significantly transforming the Baku–Tbilisi–Kars (BTK) railway project. The Georgian leadership made clear that it was dissatisfied with the trilateral proposal, which was signed ...
A major challenge for Central Asia’s oil and natural gas industry has always been how to transport petroleum products from the landlocked region to global markets. That issue resurfaced last week (March 6) in Uzbekistan, where a delay in building ...
By Trend Norway’s Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29 percent from 2017, Trend reports citing the company. As more countries prepare for the energy transition, Equinor sees strong market ...