Page 42 - Lukoil News Today

ADNOC, the Emirati energy company, has awarded contracts worth $16.9 billion to build a gas project in the Hail and Ghasha offshore fields. The project aims to operate with net zero emissions and includes innovative decarbonisation technologies to capture and store 1.5 million tonnes of CO2 per year.

Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar's 200,000-barrel-per-day Turkish STAR refinery to process Russian crude again, three industry sources familiar with the deal said on Thursday. The deal will give Lukoil another customer in close proximity to Russian ports after most European refiners stopped importing its crude to comply with European Union sanctions imposed after Moscow launched what it cal...

The company said it would invest two offshore fields that would be the “world’s first project that aims to operate with net-zero emissions”. Read more at straitstimes.com.

Amid Western sanctions, Russian Lukoil is lending $1.5 billion to Azerbaijans Socar, facilitating Russian crude oil imports to Socars STAR refinery in Turkey.

A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. Picture taken April 22, 2022. Picture taken with a drone.…

ADNOC, the Emirati energy giant, said the project includes "innovative decarbonisation technologies" to capture and store 1.5 million tonnes of CO2 per year.

The Middle East oil & gas market is expected to reach US$ 1,405.7 billion by 2030, with an annual growth rate of more than 3.9%. We estimate that Saudi Arabia's net export revenue was US$ 311 billion in 2022, which accounted for about 35% of all OPEC revenues.Wilmington, Delaware, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Middle East Oil & Gas Market was valued at US$ 1,073.8 billion in 2023 and is expected to grow at a significant CAGR of over 3.9% over the forecast period of 2023-2030, ...

Russian oil companies sent 1 million tons of oil to Ghana last month, becoming the African country's top supplier, Kommersant has reported Read Full Article at RT.com

Top stories from the Russian press on Monday, October 2nd

Nato Secretary-General Jens Stoltenberg made a surprise visit to Kyiv, where he met President Zelensky and discussed additional air defence for Ukraine.