Oil Sector News

Uzbekistan opens a new oil and gas field

Exploratory well drilling has begun in June.

Oil transit through Ukraine decreased by almost 17% in July

But the volume of oil transmission to Ukrainian refineries has increased.

A tanker with crude products for Karpatnaftochim arrived at the port of Chernomorsk

Earlier, the plant received raw materials through the Odessa Sea Port.

Qatar paid $550 million for a stake in an American private oil company

Qatar inked a $550 million deal to buy a stake and expand a Midland pipeline company focused on moving crude oil in the Permain Basin of West Texas and southeastern New Mexico.

Saudi Aramco to pick 20% stake in its OTC biz

RIL announces one of India's biggest FDI deals.

Belarus has completely finished the cleaning of pipelines from dirty oil

Belarus cleared the last section of the pipeline.

Occidental Petroleum buys rival for $55 billion

The company acquired a competitor, Anadarko Petroleum.

Oil lowest prices for the last 7 months

Oil sets new seven-month low on trade tensions

Belarus and Russia agree on a new tariff for oil transit

The tariff will be increased by 3.7% from September 1

Tender for the development of PSA for another 3 hydrocarbon fields was announced

Corresponding announcements about the competition were published in the government media Uryadovy Kurier on August 3.

Public Service of Geology and Subsoil put up five oil and gas fields for auction with a total value of 274.6 million UAH

Fields are located in Kharkiv, Poltava and Luhansk regions.

Ukrtransnafta received more than €2.3 million of compensation for dirty oil

Ukrtransnafta received a part of compensation for oil with a high content of organochlorine.