SCO & BRICS latest news and insights
By Rhod Mackenzie
Major European oil refineries are at risk of shutting down due to Washington's sanctions against Russia's Lukoil. A major gas station chain has closed in Finland, and Bulgaria and Romania are scrambling to take action. Risks have also emerged for the global energy market. what er...
The Russian Direct Investment Fund has facilitated the return of American oil companies to the Russian market, following their previous exodus from the country. The decision has been met with a mixed response, with some companies leaving Russia with hostility, while others have been reluctant to exi...
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
Russia is increasing the number of companies permitted to export its natural gas. Gazprom was the sole exporter for many years until Novatek was added due to its LNG from Yamal a decade ago. With the new law, another exporter of Russian gas is added and plus Novatek's capabilitie...
