BAKU, Sept. 20 (Xinhua) -- BP and the State Oil Company of Azerbaijan Republic (SOCAR) signed a memorandum of understanding (MOU) on Friday to formalize BP's intention of joining agreements for the ...

On September 20, 1994, at the Gulustan Palace in Baku, an agreement known as the "Contract of the Century" was signed, named ...

Flames soar into the air from a sandstone outcrop on a hillside of the Absheron peninsula near Baku, the capital of ...

Hydrocarbons represent 90 percent of the country's exports, half of state income and a third of gross domestic product.

Azeri-Chirag-Gunashli is celebrating its 30th anniversary in 2024. On this greatly achieved landmark, Azernews presents a ...

Baku will host the 29th Conference of Partners of the UN Framework Convention on Climate Change (COP29) on November 11-22. To ...

ONGC Videsh, together with the State Oil Company of the Azerbaijan (SOCAR), bp, MOL, INPEX, Equinor, ExxonMobil, TPAO, and ...

Russian oil-product exports rebounded in the first half of this month, driven by a recovery in diesel and fuel oil shipments ...

BP will remain the controlling shareholder of BP Pipelines TAP Limited upon completion. The transaction is expected to close in Q4 2024, subject to regulatory and partner approvals.

Libyan crude exports reached about 550,000 barrels per day last week, a three-fold increase on the previous week, according ...

Nigerian regulators are expected to approve Exxon Mobil Corp.'s $1.3 billion sale of its oil and gas assets to Seplat Energy ...

The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source familiar with ...