British Petroleum (BP)

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BP resumes gas production at 'Shah Deniz' field

Yesterday evening the BP company resumed production of natural gas at the largest gas condensate field 'Shah Deniz' in the Azerbaijani sector of the Caspian Sea. Work on the platform was suspended on August 2 in connection with …

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GDP increases in Turkmenistan

The GDP of Turkmenistan grew by 8.7% in January-July 2015, the Ministry for Economy and Development of Turkmenistan says. According to the macroeconomic indices of seven months of the year, the GDP of Turkmenistan remains at the level …

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 BP plans new exploratory drilling at Shafag-Asiman

BP plans the drilling of the first exploratory well at the Shafag-Asiman block of fields in the Azerbaijani sector of the Caspian Sea. “In the first half of 2015 BP completed the interpretation of the seismic ...

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India plans major investments in Iran

After the cancellation of international sanctions from Tehran, India plans to invest in the infrastructure of Iran to gain access to rich resources of the Central Asian states and to open a new way for the supply of its products to Europe. …

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Production from Shah Deniz to be suspended

The production from the Shah Deniz platform will be suspended on August 2-20 to enable maintenance work to be undertaken, the BP company said. This is a planned program and is part of normal operations, a message reads. The planning …

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19th St. Petersburg International Economic Forum opens

The problems of the global economy, attracting foreign investors to Russia, the search for new sources of growth in conditions of western sanctions, anti-crisis measures and issues of monetary policy will be the main topics for discussion on the first day of the 19th Petersburg International Economic Forum (SPIEF).

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Ilham Aliyev receives Lord Mayor of London

President of Azerbaijan Ilham Aliyev has received the Lord Mayor of the City of London, Alan Yarrow.Saying he will attend the International Caspian Oil & Gas Exhibition & Conference Incorporating Refining & Petrochemicals on June 2, Alan Yarrow added that he will address the event on behalf of the British Prime Minister.

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Is oil industry on the verge of change?

Lukoil’s President Vagit Alekperov said at Monday’s IHS CERAWeek gathering that he expects major mergers and acquisitions in the global oil and gas industry in the near future.According to Lukoil’s President, the largest oil and gas companies "will be in the center of the structural changes in the global oil industry in the near future, including the area of ​​mergers and acquisitions," TASS cited him. 

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Azerbaijani Ministry for Ecology sues BP

The Azerbaijani Ministry for Ecology and Natural Resources has filed a lawsuit against BP, demanding 12,300 manats for polluting the Caspian Sea with drilling mud on March 5. The low-toxic drilling fluid caused pollution at a depth of 530m, Trend reports.

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BP gets 12% share of TANAP

BP gets 12% share of TANAPBP company and the Trans-Anatolian gas pipeline (TANAP) consortium have signed a share holder agreement, according to which BP will become one of the shareholders of TANAP.Under the agreement signed in Turkey on

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Georgia starts to economize on costs of officials

The Georgian government has decided to reduce its costs in order to save budgetary funds and not cut spending on infrastructure projects and social benefits in conditions of financial crisis in the country. The cost of repairs, purchase of furniture and cars, trips and vacations of officials will be minimized. The Cabinet requested that the Parliament, courts and municipalities do the same thing. 

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