Oil Sector News

China will allow foreign companies to produce oil and gas

New rules come into force from May of this year.

Russian oil was not supplied to the Mozyr refinery in 2020

Naftan refinery resumed oil refining from Russia on January 6.

There was an explosion at a petrochemical plant in Spain

The accident occurred at the BASF plant within the municipality of Tarragona.

Belarus may buy oil with delivery through Ukraine

The country sent a request due to oil problems with Russia.

Polish operator supplied oil quality control system from Druzhba pipeline

Polish PERN has already completed upgrade work.

Russia and Belarus could not agree on the cost of oil transit

In the coming days, negotiations will continue.

Belarus introduces environmental tax on transit of oil and oil products

The decree was signed by President of Belarus Alexander Lukashenko.

Belarus suspended export of its own oil

Refineries in Belarus are experiencing a shortage of raw materials.

Ukrtransnafta reduced the volume of oil transit in 2019

Ukrtransnafta reduced the volume of oil transit in 2019

Oil price 'could double to $150 a barrel' if US and Iran go to war

On the night of January 3, the United States attacked the Baghdad International Airport.

Belarus resumes oil refining from Russia

On January 1, Russian companies stopped oil supplies from the Russian Federation, and on January 6 – resumed.

Russia and Ukraine transfer jurisdiction over oil disputes to Singapore

Previously, the jurisdiction of dispute resolution was in Russia.