Russia | Egypt Oil & Gas - Part 8
Russian Gas Nominations Through Ukraine’s Sokhranovka Drop to Zero
Ukraine’s gas pipeline operator reported on Wednesday that no Russian gas transit nominations were received at the Sokhranovka entry point for May 11, following Kyiv’s warning that this route could be shut...
Wintershall Dea Q1 2022 Results: Strong Performance Despite Russia-Ukraine Conflict
Wintershall Dea demonstrated strong operational and financial performance for Q1 2022 even with the economic fallout of the Russia-Ukraine war, according to the company’s latest report. Wintershall Dea’s Chief F...
Wintershall Dea Decides to Keep Its Assets in Russia
Wintershall Dea’s CEO Mario Mehren announced that his company decided to keep its projects in Russia after conducting intensive discussions . This announcement was made during the Wintershall Dea’s press confere...
Russian Crude Oil Exports Decline by 25% in a Week
Russian crude oil shipments fell by 25% in the seven day period till April 15, Bloomberg reported. This comes as crude oil shipments to Asia from the ports on the Arctic, Baltic, and Black Sea coasts declined to its l...
China’s Crude Oil Imports From Saudi Arabia Drop by 13% in March
China imported around 13% less crude oil from Saudi Arabia in March 2022, compared to a year earlier, while its imports from Russia dropped by 14%, Reuters reported. Saudi Arabia remains the top oil supplier for China...
Russia to Expand Oil Storage, Exporting Outlets
Russia plans to establish several oil storage facilities and a number of new exporting outlets in a move to mitigate the fallout of international sanctions on the country’s oil sales, officials told Reuters. This come...
Major Oil Traders to Reduce Russian Oil Purchases Starting From Mid-May
To avoid falling foul of European Union sanctions against Russia, major global traders have decided to reduce purchases of crude and fuel from Russia’s state-owned oil companies as early as May 15, Reuters repor...
Russian Oil Supply to Plummet to Double in May
The International Energy Agency (IEA) stated that sanctions and consumer reluctance to buy Russian oil will take full effect starting in May, Reuters reported. Expected decreased demand in China, output increases from...
