Shahmar Movsumov, the executive director of the State Oil Fund of Azerbaijan (SOFAZ) met with the delegation of the International Monetary Fund (IMF) May 20, 2016
Two Indian petrochemical companies have paid $750 million to their Iranian partners, having therefore partly repaid India's multibillion debt to Iran for oil supply
Iran plans to participate in the oil and gas exploration project in Uzbekistan, Hamid Bord, managing director of Iran’s Oil Exploration Operations Company (OEOC), said.
The State Oil Company of Azerbaijan (SOCAR) works in accelerated mode to eliminate consequences of the fire at the platform #10 of the Guneshli offshore field in the Caspian Sea