Tag: stop
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Britain requires a drop in oil prices to $71 to stop the exceptional tax
Britain set a condition for falling oil prices in order to stop the exceptional profits tax it imposed last year, which angered a large number of international oil companies, and prompted others to liquidate their business in the North Sea or reduce their activities. The British Finance Ministry said today, Friday, that the sudden British…
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The Egyptian Minister of Petroleum reveals his country’s plans to stop importing diesel and gasoline
Egyptian Minister of Petroleum Tarek El-Molla revealed that his country has implemented an integrated plan to stop importing diesel fuel and gasoline, and to achieve self-sufficiency. He pointed out, during his inspection of projects to increase the production capacity of diesel and local manufacturing capabilities in Assiut Governorate, that the Egyptian oil sector is implementing…
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The oil pipelines in Ecuador stop after a landslide…and the declaration of force majeure
The oil industry in Ecuador is facing a new turn, which led to the declaration of force majeure on exports and production for a period of nearly two weeks, after a landslide caused the closure of a number of pipelines. Petro Ecuador and the independent pipeline operator OCP decided to suspend operations and transportation through…
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Fuel supplies in France stop again. Electricity production drops 4%
Fuel shipments were halted in France on the third day of a national strike against pension reform, reigniting fears of a supply shortage, as the strike at refineries continued for 48 hours. The French energy company, Total Energy, said that shipments of oil products from French sites were halted due to the strike today, Tuesday…
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A new escalation threatens to stop Libyan oil production
The Italian Eni deal threatens to return the Libyan oil sector to the square it has suffered from for years due to the closure of ports and fields in light of the lack of political consensus in the country. A state of confusion and skepticism has not stopped since the head of the National Oil…
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Turkey will not stop buying Russian oil despite the “price ceiling” (article)
Russia’s invasion of Ukraine, and the embargo on Russian energy exports, provided a good opportunity for Turkey to import cheap Russian oil; Moscow sold oil at a huge discount to some Asian countries and Turkey. To reduce the impact of sanctions on its oil exports. In the past 4 decades, Russia has played an important…
