Page 25 - Lukoil News Today

Norway's national oil company Equinor has announced that it has sold its shares in two Azerbaijani oil fields and the Baku Tbilisi Ceyhan oil pipeline to Azerbaijan's state oil company SOCAR and will exit from Azerbaijan after 30 years in the country. "Equinor ...

Norway's national oil company Equinor has announced that it has sold its shares in two Azerbaijani oil fields and the Baku Tbilisi Ceyhan oil pipeline to Azerbaijan's state oil company SOCAR and will exit from Azerbaijan after 30 years in the country. "Equinor ...

Azerbaijan’s state oil company SOCAR is set to purchase key domestic assets from Norway’s Equinor, suggesting Baku is intent both on maximizing its returns from its main export revenue earner.

Azerbaijan, host of next year’s COP climate summit, is set to boost its gas production by a third over the next decade, with fossil fuel companies forecast to spend $41.4 billion on the country’s gas fields, according to new analysis.

The country has also appointed a former state oil company executive to serve as president of the UN conference.

Norways national oil company Equinor has announced that it has sold its shares in two Azerbaijani oil fields and the Baku Tbilisi Ceyhan oil pipeline

In the last two months, China has continued its regional economic expansion, making concentrated progress with energy and development deals. Though less pervasive, Russia, too, has added to its economic portfolio in the region.

One of the United Kingdom's largest oil companies has extended a loan facility to the arm of an oil company founded and part-owned by a sanctioned Russian oligarch, the Guardian reported on Jan. 2.

Stanlow operator Essar stopped all imports of Russian fuel in 2022 but has arrangement with Litasco

The G7 group of nations continues to restrict Russian oil and gas exports, with the latest sanctions affecting the imports of Russian LNG into the EU.