Iran is preparing to flood Europe with its oil in place of the departing Russian energy carriers: Moscow's new friend has accumulated 100 million barrels of oil that can go to the West at any moment. Tehran is just waiting for the green light.
Kazakhstan and Azerbaijan are negotiating on the possibilities of transporting oil from Kazakhstan through the territory of Azerbaijan, Deputy Chairman of the Management Board of KazMunayGas JSC Dauren Karabayev said during a briefing on August 25, Trend reports via Kazakh media.
He noted that discussions with Azerbaijan are being held at various levels, including state level and national companies level.
The memorandum of understanding signed between the EU and Azerbaijan on July 18 is a victory for both sides, and especially for Azerbaijan in terms of being treated as the EU's strategic partner, the former US ambassador to Azerbaijan, Matthew Bryza told Trend.
EU foreign policy chief Josep Borrell said on Friday the bloc would provide a further 500 millions euros worth of military support to Ukraine and that he was confident a deal could be reached in the coming days to agree an embargo on Russian oil.
Speaking to reporters on the sidelines of the G7 foreign ministers meeting in northern Germany, Borrell said the military support would be for heavy weapons such as tanks and artillery and take the bloc's aid to about 2 billion euros.
What Happened: Germany has dropped its opposition to a Russian oil embargo as long as it has enough time to wind down imports and find alternatives, The Wall Street Journal reported April 28. On April 27, Germany's economic minister announced that the country had struck a deal with Poland to increase oil imports through the Polish port of Gdansk, which is equipped to handle supertankers and has a pipeline that can send crude oil to a German refinery in Schwedt on the German-Polish border.
Iranian Minister of Petroleum Javad Owji said the country would readily enhance its crude oil output to help stabilize the global market.
Speaking on Wednesday, March 2, following the 26th ministerial meeting of the OPEC+ (Organization of the Petroleum Exporting Countries and its allies), Mr. Owji talked about the decisions of the meeting.
The Baku-Tbilisi-Ceyhan (BTC) oil export pipeline, operated by bp, has achieved a significant milestone by carrying 500 million tonnes of oil in total from the Sangachal terminal near Baku across Azerbaijan, Georgia and Turkey to Ceyhan, reports “bp”.
The milestone was achieved on 12 December when the 500 millionth tonne of Caspian crude flowed through the pipeline, was loaded on the 4922nd tanker named Nordorse, which was a joint SOCAR lifting, and departed for Trieste (Italy).
Iran's Research Institute of Petroleum Industry (RIPI) is the only Iranian company, which has been listed among 25 leading firms active in oil and gas nanotechnology inventions.
The STAR refinery of the State Oil Company of Azerbaijan has tested 28 different types of crude oil, head of the SOCAR Turkey Refinery and Petrochemicals Business Unit, director general of Petkim petrochemical complex Anar Mammadov said at a press conference for the Azerbaijani reporters.
Mammadov said that today the refinery buys oil mainly from Kazakhstan, Russia, Norway, as well as from Tunisia, Morocco, and the Mediterranean countries.
Revenues of Petkim, a subsidiary of SOCAR Turkey, have reached record high level since early 2021, Director General of SOCAR Turkey Zaur Gahramanov said at a press conference for representatives of the Azerbaijani media on Nov. 30.
According to Gahramanov, Petkim meets 17 percent of Turkey's petrochemical needs.
