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State Oil Company
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China: Little Interest Seen for Russian Tender
Sep 12, 2015China's independent teapot refiners are showing little interest in participating in Russian M100 tenders that are set to be issued in late September or early October, market sources said Thursday. Only two 40,000 mt cargoes of Russian ...
Tags: Teapot Refineries, Refineries
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NPDC Announced a $5.2 Billion, Four-Year Investment Plan Aimed at Raising Oil Production
Feb 12, 2014Nigerian Petroleum Development Co., the upstream arm of state oil company NNPC, Monday announced a $5.2 billion, four-year investment plan aimed at raising oil production to 300,000 b/d mainly from assets acquired from foreign oil companies ...
Tags: Oil Output, Metallurgy
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Gazprom Headquarters Hosted Today a Working Meeting Between Alexey Miller
Dec 30, 2013The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR). The meeting ...
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SOCAR Will Be Developing New National Standards for The Upcoming Oil-Gas Refining
Dec 7, 2013The State Oil Company of Azerbaijan (SOCAR) along with the State Committee on Standardization, Metrology and Patents of Azerbaijan, will be developing new national standards for the upcoming oil-gas refining and petrochemical production ...
Tags: Petrochem Complex, Metallurgy, Mineral, Energy
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Azerbaijan to Start Construction of a New Petrochemical Processing Complex
Oct 8, 2013The State Oil Company of Azerbaijan (SOCAR) has announced plans to start construction of a new petrochemical processing complex at the industrial complex of Sangachal Terminal in south Baku region of the country. SOCAR president Rovnag ...
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Baku Shipyard Adds to Keppel's Existing Footprint in Azerbaijan
Sep 24, 2013A new shipbuilding yard that is jointly developed by Keppel Offshore & Marine Ltd (Keppel O&M), State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC) was officially opened this morning by President of ...
Tags: Transportation, shipbuilding
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Yukos Was Preparing for a Game-changing Merger with Another Private Russian Oil Company
May 24, 2013In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant. The deal was scuppered, however, in large part because ...
Tags: Yukos Demise, Giant Oil Producer
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Venezuela and China Have Agreed on The Terms of a Previously Announced $4 Billion
May 21, 2013Venezuela and China have agreed on the terms of a previously announced $4 billion financing deal to increase the output of their Sinovensa joint venture in Venezuela's Orinoco oil belt, the South American country's oil minister said late ...
Tags: Oil, Metallurgy, Mineral, Energy
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SOCAR Would Like to Strengthen Partnership Relations Between Azerbaijan and Turkey
Apr 2, 2013According to media report, the State Oil Company of Azerbaijan Republic (SOCAR) accounted that SOCAR would like to strengthen the relations between Azerbaijan and Turkey to a strategic partnership level with an investment volume worth US$17 ...
Tags: Oil, Metallurgy, Mineral, Energy
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Recent Fiscal Changes in Venezuela Could Help State Oil Company PDVSA Significantly
Mar 26, 2013Recent fiscal changes in Venezuela could help state oil company PDVSA significantly cut its $16.4 billion debt to service providers this year, according to some economists and analysts. The changes, mainly to Venezuela's complicated ...
Tags: oil activity, PDVSA, Venezuela
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Turkish Firm Petkim Boost PTA Capacity of Its Aliaga Plant by 50%
Jan 12, 2013Petkim,the Turkish petrochemical producer,is pursuing a project,which would boost the purified terephthalic acid(PTA)capacity of its Aliaga plant by 50 percent,a company statement said. The project would raise the capacity of the ...
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Construction of The Star Refinery in Turkey Will Start This Year to Launch It in 2016
Jan 5, 2013President of the state oil company of the Azerbaijani Republic Mr Rovnag Abdullayev said that construction of the Star refinery in Turkey will start this year to launch it in 2016. The facility will cost about USD 6 billion,30%of which ...
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The State Oil Company of Azerbaijan Produced 7,562,000 Tonnes of Oil
Dec 28, 2012In January to November of this year the State Oil Company of Azerbaijan produced 7,562,000 tonnes of oil. Sources in SOCAR said that 706,638 tonnes of oil were produced in January, 660,942 tonnes in February, 660,900 tonnes in March, ...
Tags: oil, Oil Company, Oil production
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US Defence Department Had Developed Tools to Trace Attackers
Dec 27, 2012US intelligence officials say there is growing evidence Iran was behind recent cyber attacks that disabled computers across the Saudi oil industry. These attacks contributed to a warning last week from Defense Secretary Leon Panetta that ...
Tags: Iran, cyber attacks, oil industry, disabled computers
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Revenues Increased by 14% Exports Increased by 11% to RS 112,667 Crore PBDIT
Dec 20, 2012Reliance Industries Limited (RIL) reported its financial performance for the quarter/half year ended 30th September, 2012. Highlights of Half Year’s Performance Revenues (turnover) increased by 14% to Rs 188,191 crore ($ 35.6 ...
Tags: financial performance, RIL, heavy crude oil