In over 85 years, Aramco has never missed a shipment to a customer for operational reasons. One of the main factors behind this extraordinary level of consistency and reliability is our Oil Supply Planning and Scheduling system (OSPAS), which ensures that every part of our supply network works like a well-oiled machine, 24/7.
Italy is considering several options to save a Lukoil-owned refinery in Sicily, including asking the European Union for a temporary waiver on upcoming sanctions on Russian oil.
The plant has had to rely solely on Russian oil provided by Lukoil after its creditor banks halted financing and stopped providing guarantees needed to buy oil from alternative suppliers.
Neste, Brightlands Venture Partners, 4 Impact VC and Asahi Kasei announce a combined EUR 11 MM investment into Netherlands-based startup Circularise.
Polish oil refiner PKN Orlen has submitted an application to the Russian oil pipeline monopoly Transneft for the supply of 3 MMt of oil to Poland through the Druzhba pipeline system in 2023 under continuing long-term contracts.
Workers at the BP refinery in Rotterdam began work-to-rule industrial action on Monday after the noon expiry of a union deadline for a new pay agreement, a union spokesman said.
The restart of Exxon Mobil's 140,000-bpd Fos-Sur-Mer oil refinery in France should be completed by the end of the week, a company spokesperson told Reuters in an emailed statement on Wednesday.
Italian authorities have provided Lukoil with a "comfort letter" to help a refinery it owns in Sicily get bank financing to buy non-Russian oil and remain operational.
The strike at the TotalEnergies' Gonfreville and Feyzin refineries have been renewed on Monday.
Workers voted to end a strike at TotalEnergies' Donges refinery on Wednesday, bolstering the government's hopes the supply situation at petrol stations around the country will rapidly improve.