Turkic States mark new era in energy cooperation with focus on joint investments
In a significant move towards regional energy collaboration, energy ministers from the Turkic States have agreed to expand cooperation on key oil, gas...
Polish refiner Orlen will not buy Russian oil for its Czech refinery after 30 June, Chief Executive Ireneusz Fafara said on Monday. "We freed Central Europe from Russian oil today," Fafara stated.
The contract with Rosneft for Russian oil to be supplied to the Litvinov refinery in the Czech Republic was the last one linking Orlen to Russian oil, it said in a statement.
"We have concluded the last legacy contract for Russian crude deliveries to the Czech Republic. As of 1 July 2025, the ORLEN Group – and, through this, our entire region – will be free from Russian oil. We have closed this chapter and are jointly building a secure future for Central and Eastern Europe. Today, we purchase crude oil from across the globe. Our refineries process feedstock from the Middle East and Persian Gulf, the North Sea, Africa, and both Americas. This is what real energy security looks like, the one we promised to Polish citizens and neighbours,” said Fąfara.
He added that it became possible through strong partnerships, especially with transmission system operators.
The Czech Republic had said in April that it had become fully independent of Russian oil supplies for the first time in its history following the completion of capacity upgrades on the TAL pipeline coming from the west.
Since Russia's invasion of Ukraine, the Czech Republic government has sought to end its partial dependence on the Druzhba pipeline, which has been delivering supplies from Russia for decades and has accounted for about half the country's annual oil imports.
At the end of last year Czech pipeline operator MERO completed an upgrade along the Transalpine (TAL) pipeline, which carries oil from tankers in the Italian port of Trieste to Germany, where it feeds into the Ingolstadt–Kralupy–Litvinov (IKL) pipeline to the Czech Republic.
Orlen said that currently, Czech refineries are supplied with crude oil from, among others, the North Sea and Mediterranean region, Saudi Arabia, South and North America, and Africa.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
Iran's President Massoud Pezeshkian has begun a two day visit to Kazakhstan, with officials from both sides describing the trip as an opportunity to advance cooperation in trade, transport, industry, mining and cultural exchanges.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
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