Coronavirus, or COVID-19 could result in global exploration and production (E&P) investments falling by around $30 billion in 2020 – a significant hit to the industry, Trend reports citing Rystad Energy, an independent energy research and business intelligence company, based in Norway.

Azerbaijan and Uzbekistan are preparing mutual projects worth $355 million, the official website of the President of Uzbekistan reported.

French companies are ready to invest in Azerbaijan’s energy sector, French Ambassador Zacharie Gross said.

Japan will provide about $440,000 in grants for five new social projects to be carried out in Tajikistan.

The statement was made by a senior official of the Azerbaijan’s state oil company SOCAR in an interview with Trend on June 30.

About €2.3 billion of direct investment will be made in Greece within the construction project of Trans Adriatic Pipeline (TAP), Greek media reported citing SOCAR Energy Greece’s Head Anar Mammadov as saying on June 24.

Anyone who would like to know about the future of oil and gas field has to visit Baku. The statement was made by Bernard Looney, Chief Executive Director of BP’s Upstream Division, at the event held within the framework of the two-day visit of Heads of international investment funds to Baku with the aim to analyze the portfolio and strategy in upstream section of BP.

European Bank for Reconstruction and Development (EBRD) plans to increase its assets in Holcim Azerbaijan OJSC (Garadagh cement plant) from the current 10 percent to 20 percent.

Iran keeps regaining its oil market share by pumping additional barrels to the already oversupplied market.

Iranian oil sector is attractive for many foreign companies which plans investing in Iranian oil industry in the near future.