British Petroleum (BP)

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BP CEO gives oil price forecast for 2018

The current price of oil of $69 per barrel is somewhat high, BP CEO Bob Dudley said at the World Economic Forum. Dudley noted that the company's experts predicted decline in oil prices. "We expect the …

Fire in building of BP’s Baku office extinguished

Azerbaijan's Ministry of Emergency Situations has released a statement on the fire that broke out in the building of BP’s office in Baku. According to the ministry, computer equipment was burned in a room on the first floor of …

Rosneft to buy Eni stake in Egypt's Zohr gas field

Italy’s Eni has agreed to sell the Russian state-run company Rosneft up to a 35% stake in an oil concession in Egypt that contains the giant Zohr field, the biggest gas discovery in the Mediterranean Sea. Rosneft will pay US$1.125 …

 BP to pay off Iran’s debts

British Petroleum (BP) is ready to settle debts to Iran, the Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia said. According to him, several negotiations have been conducted …