#OIL
Several petrol stations in Armenia fined 220 million drams for selling low-quality fuel
The Commission for the Protection of Competition (CPC) of Armenia has imposed a fine of 220.4 million drams on five companies and one individual entrepreneur for selling gasoline that does not meet required standards.Mega Trade gas station closed and oil and gas reservoir dismantled in Yerevan
The Inspectorate for Urban Planning, Technical and Fire Safety of the Armenian Government has closed a liquefied gas filing station and dismantled an oil and gas storage facility belonging to ‘Mega Trade’ LLC.Energy prices in Armenia in 2024 will depend on global processes - Nurbekyan
A significant drop in oil prices in 2023, as well as uncertainty and economic slowdown will continue to affect Armenia in 2024, Central Bank Deputy Governor Armen Nurbekyan said during the Amundi-Acba 2024 Economic Forum.Opposition MP: fuel price rise in Armenia economically not justified
Garnik Danielyan, an opposition Armenian parliament member from Hayastan (Armenia) bloc, lambasted Tuesday the government for allowing oil traders to pick the pockets of of ordinary consumers, saying the rising prices of oil products and liquefied natural gas are economically unjustified.European Union no longer dependent on Russian natural gas and oil –Ursula von der Leyen
The European Union has overcome its dependence on natural gas and oil supplies from Russia, European Commission Head Ursula von der Leyen said at a press conference with German Chancellor Olaf Scholz.Bunge completes deal to sell oilseed processing plant in Russia to Karen Vanetsyan
Agricultural commodities trader Bunge has completed a deal to sell its last Russian asset – oilseed processing business to Karen Vanetsyan, the controlling shareholder of Exoil Group, Russian news outlet 'Govorit Moskva' reported.Armenia capable of overcoming major negative shocks without macroeconomic turmoils
Armenia is capable of overcoming major negative shocks without facing macroeconomic turmoils, Deputy Chairman of the Central Bank Armen Nurbekyan said at Amundi-Acba 2023 economic forum held in Yerevan on January 31.IMF does not expect significant impact of price cap on Russian oil exports
The International Monetary Fund (IMF) expects a price cap imposed by Western countries on the volume of Russian oil exports to have little impact, Russian Tass news agency reported quoting from an IMF’s World Economic Outlook update.Azerbaijan aims to damage economy of Artsakh - General Prosecutor's Office
Azerbaijan is seeking to damage the foundations of the economy of the Republic of Artsakh (Nagorno-Karabakh) depriving its population of a source of income and jobs, the Artsakh General Prosecutor's Office said in a statement today.US won’t replenish its oil reserves with Russian oil – White House
The US authorities are not going to replenish their strategic oil reserve through the purchase of Russian oil in the context of limiting its price, White House press secretary Karine Jean-Pierre told reporters on Monday, Tass reported.Armenia’s SRC foils attempt to smuggle in 25 tons of machine oil
Armenia’s State Revenues Committee (SRC) said today its customs officers thwarted an attempt to smuggle into the country a large consignment of machine oil through the Agarak checkpoint in the south of the country on the border with Iran.Attempts to restrict price of Russian oil will make prices skyrocket- Putin
The West groundlessly attempts to place the blame on Russia for the repercussions of its own mistakes in the energy sphere, Russian President Vladimir Putin told journalists after talks in Tehran with Iranian and Turkish leaders, according to Tass.News 1 - 20 of 62
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