Europe

Russian energy minister sees no reason to reduce petroleum products output

Russian energy minister Nikolai Shulginov on Friday said there was no reason for a sharp reduction in the country's petroleum products output in response to a European Union embargo, Interfax reported.

INEOS Inovyn secures long-term green power supply deal for its Norwegian sites

INEOS Inovyn and Statkraft have today renewed their long-standing partnership in Norway by signing two new long-term power agreements to supply renewable energy for INEOS Inovyn’s Rafnes and Porsgrunn sites.

EU diesel price cap to limit Moscow's choice of buyers, including Asia

A proposed EU price cap on Russian diesel may be high enough to allow Moscow to continue exporting the fuel, but in practice could deter big Asian buyers who have become used to buying cheap Russian crude to refine it themselves, analysts say.

Russian gasoline to be sent to Pakistan as EU import ban looms

Independent Russian oil refiner Forteinvest has clinched a deal that will see Russian gasoline sent to Pakistan by land for the first time, two industry sources said on Friday.

Technip Energies wins contract to upgrade Aramco’s sulfur recovery facilities at Riyadh Refinery

Technip Energies – as part of its long-term agreement with Aramco – has been awarded a contract to upgrade sulfur recovery facilities at Aramco’s Riyadh Refinery.

TotalEnergies CEO says refineries won't be disrupted by Thursday strike day

The chief executive of oil major TotalEnergies said this week that strikes against France's planned pension reform on Thursday should not disrupt operations at refineries, adding that petrol stations were also prepared for the strike action.

Germany's Schwedt refinery to get non-Russian oil via Gdansk in January

Germany has received confirmation that commercial crude oil deliveries for the PCK Schwedt refinery are expected in the Polish port of Gdansk in January, the economy ministry told Reuters.

KLM Group’s CO2 emission reduction targets for 2030 approved by SBTi

Together with Air France-KLM and Air France, the KLM Group commits to reducing its CO2 emissions by 30% per revenue ton kilometer (RTK) by 2030.

Trafigura sells out of Russia-backed Indian refiner Nayara Energy

Trafigura has sold its 24.5% stake in Russia-backed Indian refiner Nayara Energy to a Rome-based energy investment group, following on from a deal on Monday where a group of firms backed by the commodity trading company agreed to buy Lukoil's Italian refinery.

Russia's Lukoil agrees to sell Italian refinery to consortium

Russia's Lukoil has sold its Italian refinery to a consortium of Western private equity and trading firms in the first major asset sale since Moscow's invasion of Ukraine, the companies said on Monday.