SCO & BRICS latest news and insights
By Rhod Mackenzie
The Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, India's state-owned oil refineries, are in talks with Rosneft about long-term supplies of its oil, Bloomberg reported, citing sources .
"All three of India's state-owned refiners are in...
By Rhod Mackenzie
The German authorities are discussing the nationalisation of Rosneft's oil refining assets. Rosneft's largest asset in the country, the Schwedt refinery, which relied on Russian supplies via the Druzhba oil pipeline, has experienced loading difficulties after Germany rejected oil...
By Rhod Mackenzie
Bulgaria intends to no longer use Russian oil, rendering the efforts of the Russian oil company Lukoil, who own and operate a local refinery, futile. In response, Lukoil is prepared to sell their assets in Bulgaria prior to the authorities seizing the plant by force. How intentio...
By Rhod Mackenzie
Mali and Russia have signed a memorandum of understanding for the construction of the largest gold processing plant in West Africa with a capacity of 200 tons per year in the capital of Mali, said Minister of Economy and Finance Alousseni Sanou.
The memorandum is valid for four...
By Rhod Mackenzie
The Czech Republic is currently making arrangements to shift its oil refineries to the use of non-Russian oil sources. This is despite Russian oil via pipeline supplies being exempt from sanctions on it, as well as for Austria,Hungary and Slovakia, Prague appears to thing that i...
By Rhod Mackenzie
In early October, Brazil significantly increased its imports of Russian diesel fuel, despite restrictions on its export being imposed by the Russian authorities. By the second half of October, Brazil had even become the largest destination for diesel fuel exports from the Russian...
