Switzerland May Follow EU Bloc’s Emergency Plan
Swiss Energy Minister Simonetta Sommaruga stated that her country could potentially avoid an energy shortage by agreeing to and following the European Union's plan to cut gas use by 15% this winter.
News / International
Saudi Arabia’s Kingdom Holding Pumps Investments into Russian Energy Giants
Saudi Arabia's Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil, Reuters reported.
Construction to Begin on Mažeikiai Refinery’s Modernization Project
A ceremony was held in Lithuania to mark the commencement of construction of PC ORLEN Lietuva’s new Residue Conversion Unit at Mažeikiai Refinery, the only crude oil refinery in the Baltic States.
Equinor’s H2H Saltend Facility Progresses Through Phase-2 of Cluster Sequencing Process
Department for Business, Energy, and Industrial Strategy (BEIS) announced that Equinor’s Hydrogen to Humber Saltend (H2H Saltend) production facility has been successfully progressed through Phase-2 of the Government’s cluster sequencing process.
Gazprom Increases Gas Flow to Hungary Through Turkstream Pipeline
According to a Hungarian foreign ministry official, Russian gas giant Gazprom has increased its flows to Hungary via the Turkstream pipeline, Reuters reported.
Aramco Achieves 90% YoY Increase in Net Income
Aramco announced its second quarter results for 2022, posting a 90% year-on-year increase in net income and declaring a dividend payment of $18.8 billion.
LIFECO Second Ammonia, Urea Plants Resume Operations
After more than seventy days of a stoppage, workers at the Libyan Fertilizer Company (LIFECO) have restarted the second ammonia and urea plants.
Moldova Unable to Prepay Russian Natural Gas in August
Moldova is not able to pay for natural gas from Russia's Gazprom PAO in August and will have to hope for a deferral, according to the state gas company's head.
Iraq’s Oil Production Increases by Almost 70,000 bbl/d in July
According to data from the state-owned marketer SOMO seen by Reuters on Wednesday, Iraq produced 4.584 million barrels of crude oil per day (mmbbl/d) in July, up 69,000 from June.
North Asian Refiners to Receive Full Contractual Volumes of Saudi Crude in September
Saudi Aramco has assured at least four North Asian consumers that it will supply all contracted volumes of petroleum in September, Reuters reported referencing unidentified sources who have knowledge of the matter.
