The Federal Antimonopoly Service (FAS) of Russia has in view to launch a unified oil products trading exchange system based on the Saint-Petersburg International Mercantile exchange (SPIMEX), the deputy head of the governmental agency Anatoly Golomolzin told the journalists. At present oil and oil products are traded at the three platforms: the Interregional oil and […]

At the end of last week Baku saw the signing of the contract for oil storage in the terminals in Korea between the Azerbaijan state oil company SOCAR Trading and KNOC (Korean National Oil Corporation), the statement of the state oil company of Azerbaijan says. According to the terms of the agreement SOCAR Trading obtains […]