Kazakhstan’s government set out to punish harshly environmental violations in the oil and gas sector in the past few years.

"Gas extraction from UGS facilities in Europe has significantly ... A similar scheme works for the transit of Lukoil oil ...

Specialists from the Defense Intelligence of Ukraine have attacked Russia’s oil sector, with the primary target being the ...

The Amansie South District Assembly has inaugurated an oil palm extraction factory for the people of Mem. The facility, the first of its kind in the district, will enhance palm oil production ...

Another issue complicates the sale of Lukoil’s assets. The company holds a dominant position in Bulgaria’s fuel market but has not paid profit taxes. Bulgarian sources estimate that Lukoil owes around ...

Despite EU sanctions on Russian oil, the transshipment of Russian naphtha continues. In 2022, the European Commission granted Bulgaria an exemption to import Russian naphtha until the end of 2024 ...

The Iraqi parliament ended this year’s session without finalizing a deal with the semi-autonomous region of Kurdistan for the exports of crude oil from the northern region. According to local ...

Because the crude oil industry has developed hardly at all in recent years due to a lack of investment capital for discovery, extraction and further processing, global production can barely meet ...

The United States is also the largest consumer of oil, using about 20% of the world's supply, followed by China and India, which consume 15% and 5%, respectively. India stands out as the world's ...

The Hungarian oil company MOL has submitted an offer to purchase the largest refinery in Bulgaria, located near the port of ...

The oil cartel had aimed to start opening the taps in January, but delayed in the face of weak demand and plans by other countries to raise production. By Stanley Reed Reporting from London Once ...

Because the crude oil industry has developed hardly at all in recent years due to a lack of investment capital for discovery, extraction and further processing, global production can barely meet ...