Georgian company Black Sea Petroleum (BSP), which owns the country’s only oil refinery in Kulevi (Kulevi Oil Refinery), plans to fully phase out Russian crude and rely instead on Azerbaijan’s transit infrastructure to access alternative supplies. The announcement was made by BSP co-founder and CEO David Potskhveria in an interview with BMGTV.

Malaysia’s construction sector is facing growing pressure as rising global oil prices linked to Middle East tensions drive up costs and threaten project viability, industry representatives said.

Russia’s Su-35 fighter jet thwarted an attempt by Estonia to seize a Russian tanker under the Gabon flag in the Baltic Sea.

Azerbaijan's main pipelines transported more than 28.86 million tons of oil from January to September 2024.

By Asif Aydinli

The United Kingdom has imposed sanctions on 11 oil tankers, which, according to British authorities, transport Russian oil and petroleum products to third countries in Russia's interest. The sanctions list was published on the British Treasury’s website. All 11 vessels on the sanctions list are flagged under Gabon, the Cook Islands, and Panama, News.Az reports citing neftegaz.ru.

KazTransOil (Kazakhstan's national operator of the main oil pipeline) will ship 1.5 million tons of oil to the port of Aktau for further export through Azerbaijan, said a source at KazTransOil, News.az reports.