These initiatives are being carried out under a project management consultancy (PMC) agreement signed on October 11, 2024.

BAKU, Azerbaijan, March 19. Hungarian energy giant MOL Plc. has made a significant oil discovery near Somogysámson in Western ...

Federal officials have sanctioned a Chinese oil refinery, as well as an oil storage facility and their owners to cut off ...

The U.S. on Thursday issued new sanctions intended to hit Iran's oil exports, including what the State Department said were ...

The US is sanctioning a Chinese oil refinery and a terminal operator over links to Iranian crude imports, in the first measures to directly target China’s refining system as President Donald Trump ...

The sanctions are part of the administration’s “campaign of maximum pressure on Iran,” the department said.

Two tankers hit by U.S. sanctions are due to offload Russian Arctic Oil in Syria for the first time, days after Moscow made its first known delivery of diesel there in more than a decade, according to ...

The industrial oil production started in the second half of the 19th century, particularly in the Bibi-Heybat field near Baku. In 1846, the first oil well was drilled in Bibi-Heybat, marking the ...

Baku and Yerevan fought two wars for control of Azerbaijan’s Armenian-populated region of Karabakh, at the end of the Soviet Union and again in 2020, before Azerbaijan seized the entire area in ...