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16.05.2014 Uzbekistan plans to increase oil, gas production

Uzbekistan intends to increase the production of liquid hydrocarbon and natural gas to 3.5 million tonnes and 66 billion cubic meters, respectively, by 2020, Shokir Faizullaev, the chairman of the Board of Uzbekneftegaz national holding company said, Trend reported on Ma

22.04.2014 U.S.-Africa Win, Europe Loses if Russian Energy Sanctioned

U.S. and African oil exporters may benefit if the West were to sanction Russia’s oil and gas sector, as international tensions continue to build over Ukraine. The EU would hurt as much as Russia, however, and the expected spike in international oil prices would plunge the world back into recession.

22.04.2014 Technical problems delay reopening of Libyan oil port

Technical problems have delayed the reopening of Libya's eastern Zueitina oil export terminal after the government reached a deal with rebels to end an eight-month blockade of the port, a minister said on April 20, Reuters has reported.

08.04.2014 Gazprom export revenue up 4.8% in January-February

Russia’s gas giant Gazprom in the first two months of the year exported to the former Soviet republics (exclusive Belarus and Kazakhstan) and the rest of the world natural gas total worth of $12.4 billion, the Federal Customs Service underlines in its report made public

04.04.2014 Russian coal output to grow - minister

The Russian Energy Ministry forecasts hike in the coal production in the country to 480 million tonnes by 2030, Energy Minister Aleksander Novak told the government’s meeting on April 3, Itar-Tass has reported.

25.03.2014 Oil, gas account for 95% of Azerbaijan’s export in 2013

Azerbaijan exported around $30.7 billion worth of oil and oil products in 2013 or 5.6 percent less compared to 2012, according to the balance of payments published by the country's Central Bank, Trend reported on March 25.

11.03.2014 Platts Survey announces OPEC pumps 30.11 million barrels of crude oil per day in February

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) climbed by 240,000 barrels per day (b/d) to 30.11 million b/d in February from 29.87 million b/d in January following a surge in Iraqi exports and despite new setbacks in Libya, a just

07.03.2014 Iraq returns as world’s fastest-growing oil exporter

Iraq is reclaiming its rank as the world’s fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road.

06.03.2014 Azerbaijan-Georgia-Turkey power bridge to be launched in 2014

The Azerbaijan-Georgia-Turkey energy bridge, involving the supply of electricity among these three countries, will be launched this year, the head of the Azerenergy JSC (production and electric energy distribution) Etibar Pirverdiyev told journalists on March 5,  Trend h

05.03.2014 CERAWeek - Bakken producer: U.S. oil export ban could squeeze production

If the United States does not lift a decades-old crude export ban, oil producers could slowly cut back on output, the chief operating officer of Continental Resources Inc said on Tuesday.