World news

BP wins first Greenland drilling concession despite chequered record

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Monday, 06 January 2014 11:30

BP has won permission to drill in the clear waters off Greenland, just three and a half years after abandoning similar plans to apply for a licence in the aftermath of the Deepwater Horizon blowout.


Oil Company Exits Uzbekistan Following Criminal Probe

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Monday, 06 January 2014 11:28

International energy company Tethys Petroleum said Thursday that it is pulling out of Uzbekistan, only weeks after it was revealed that authorities in the Central Asian nation are investigating it for allegedly misappropriating crude oil, Kazinform has learnt from RIA Novosti.


OPEC Ministers See No 2014 Glut Amid Signs of Demand Growth

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Thursday, 26 December 2013 12:09

TEHERAN. December 23. KAZINFORM Oil ministers from OPEC's three biggest members rejected the possibility of a glut in global crude supply next year amid an increase in U.S. output and efforts by Iran and Libya to add barrels to the market.

When oil and gas runs out

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Wednesday, 25 December 2013 14:00
 We live today in a world full of natural resources; those are the basis of our modern life. Everything needed to enjoy the modern concepts of today's technology. The common thread between all these things we use in our daily life f from - from foodstuffs to household goods - are all made possible by fossil fuel.

BP Vice President: Gas production as part of Shah Deniz-1 to be increased

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Wednesday, 18 December 2013 13:01
Volume of annual gas production as part of the first development phase of Shah Deniz gas and condensate field is planned to be increased from nine to 10.4 billion cubic meters, BP Shah Deniz development Vice President, Al Cook said.


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Thursday, 05 December 2013 17:47

Vienna, 3rd & 4th December 2013, the Center for Global Dialogue and Cooperation – CGDC will host international leaders from politics, business, academia and the charitable sector to discuss the challenges and possible solutions to Eurasia’s future on the global stage. The highlight of the CGDC’s 3rd Annual Meeting is the Q&A Session with President Bill CLINTON and Jose Manuel BARROSO, President of the European Commission, on these issues. The Center for Global Dialogue and Cooperation – CGDC is an independent non-governmental organisation which seeks to create dialogue between business and politics by promoting business globally and encouraging transparency and accountability with regards to legal, political and economic standards. More information on its founding vision and mission can be found at:


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