Russia | Egypt Oil & Gas - Part 9
Oil Prices Dip Amid China Lockdown, Release of Reserves
Oil prices declined more than $2 per barrel for the second straight week as world consumers announced plans to release a record amount of crude oil and oil products from strategic stocks in addition to China’s c...
Finland to Invest EUR 850M to End Energy Dependence on Russia
The Finnish government announced on Thursday that it would invest up to EUR 850 million to ensure sufficient energy supplies and move away from reliance on Russian energy, Reuters reported. Mika Lintila, Minister of E...
Russian Sokol Crude Attracts Buyers in the Far East Despite Sanctions
Despite Russia’s war in Ukraine and the addition of new sanctions, Sokol crude shipments from the Far East have sold out for next month, proving that the pariah nation continues to find buyers, Bloomberg reporte...
Shell to Write Off Up to $5B After Exiting Russia
Shell announced that it will write off up to $5 billion after announcing its decision to exit Russia, Reuters reported. This amount is more than previously disclosed, despite the fact that the increase in oil and gas ...
ExxonMobil Suspends Russian Far East LNG Project
ExxonMobil has suspended its liquefied natural gas project in Russia’s Far East after the company announced plans to leave the country following Western sanctions, Interfax news agency quoted a Russian governor ...
European Gas Moves Forward As EU Considers New Sanctions Against Russia
Throughout Europe, natural gas prices are fluctuating as supply fears intensify alongside calls for further sanctions against Russia, Bloomberg reported. Several EU members are pressing for new sanctions to be imposed...
Lithuania Achieves Energy Independence From Russian Gas Supplies
Lithuania announced that it will not import Russian natural gas anymore to meet its domestic needs, Reuters report citing the country’s energy ministry. In doing so, Lithuania has become first the European count...
Slovakia Working Hard to Stop Its Energy Imports From Russia
Slovakia’s Economy Minister Richard Sulik said that his country is exerting a lot of effort into cutting its energy reliance on Russia, with increased liquefied natural gas (LNG) deliveries as an option, Reuters...
