Litasco: Sanctions move operations to Asia
Litasco is the trading arm of Russia’s second largest oil company Lukoil. In short, it plans to move its commercial headquarters from Geneva, Switzerland, to…
Tag: Russia
Russian Refineries in a dilemma
Russian refining plants have reduced their throughput as a result of Western sanctions, but also because of the numerous maintenance operations underway. Nevertheless, the latter…
Russia: Measures to minimize the oil embargo
Russia is taking steps to “minimize” the impact of an embargo on Russian oil decided by the European Union to punish the offensive in Ukraine,…
JERA: replacing Russian LNG?
JERA, Japan’s largest power generation company, considers that Russian LNG imports can be replaced in case of delivery difficulties. In fact, they account for less…
Russian oil embargo, a red line?
Hungary’s nationalist Prime Minister Viktor Orban said on Friday that Brussels had crossed a “red line” in wanting to ban Russian oil imports. According to…
Bulgaria: what life without Russian oil?
On the face of it, the halt in deliveries by the giant Gazprom on 27 April did not change much for the Ihtiman compressor station,…
How much oil does the EU import from Russia?
Europe is the destination of almost half of Russian oil products exports (45% in 2021). According to the International Energy Agency (IEA), which includes 31…
Poland and the Baltic States inaugurate a gas pipeline
Poland and the Baltic States inaugurated on Thursday a new gas pipeline intended to integrate gas markets in this northeastern region of the European Union…
Hungary worried about the European oil embargo
The proposal for a progressive European embargo on Russian oil does not provide any “guarantee” for Hungary’s energy security, the government reacted Wednesday after the…
Europe tightens its sanctions against Russia
Crude prices were up sharply on Wednesday, with both black gold benchmarks gaining more than 3%. Thus, around 09:00 GMT (11:00 in Paris), the barrel…
