Sanctions | Egypt Oil & Gas - Part 2
Putin Extends Deadline for Sale of Exxon’s Sakhalin-1 Stake to 2027
Russian President Vladimir Putin has extended the deadline for the sale of ExxonMobil’s stake in the Sakhalin‑1 oil and gas project by one year, giving the US major until January 1, 2027, to complete an exit deal, Reu...
Britain Exempts Zohr Field From Russia Sanctions
Egypt’s Zohr gas field, where Russia’s Rosneft holds a 30% stake, and bp owns 10%, was added to a list of projects that the UK has exempted from its sanctions on entities with Russian holdings, according t...
India’s Russian Crude Imports Set to Top 1 mmbbl/d in December Despite Sanctions
India’s imports of Russian crude oil are set to exceed 1 million barrels per day (mmbbl/d) in December, defying earlier expectations of a sharp decline as refiners resume purchases from non-sanctioned suppliers ...
EU Targets Traders, Shadow Fleet in Fresh Sanctions on Russian Oil
The European Union (EU) has imposed new sanctions on Russian oil interests, targeting traders and shipping networks accused of helping Moscow bypass Western restrictions on crude exports that fund its war in Ukraine, ...
G7, EU Weigh Full Ban on Maritime Services for Russian Oil Exports
The Group of Seven (G7) nations and the European Union (EU) are discussing a full ban on providing maritime services for Russian oil exports. This move would replace the existing price cap mechanism in an effort to fu...
Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant
ExxonMobil has approached Iraqi oil ministry officials to express interest in acquiring Lukoil’s majority share in the West Qurna 2 oilfield, Reuters reported. The field holds approximately 13 billion barrels of...
Russia Considers Boosting Oil and LNG Supplies to China Despite U.S. Sanctions
Russia is exploring opportunities to increase oil exports to China and deepen cooperation on Liquefied Natural Gas (LNG), according to Deputy Prime Minister Alexander Novak’s announcement on Tuesday during a Sin...
Chevron Joins Race for Lukoil’s International Assets, Sources Say
US oil giant Chevron is reviewing potential opportunities to acquire international assets owned by sanctioned Russian producer Lukoil, five sources told Reuters on November 17. This move follows a US Treasury waiver i...
