The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues ...

SOCAR Turkey plans to spend around $7 billion on establishing several new polyolefin production facilities to expand capacity at its Petkim unit, Kanan Mirzayev, head of SOCAR Turkey's refining and ...

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 ...