Magnitude 5.1 quake hits Japan’s Tokara Islands, no tsunami or damage
A magnitude 5.1 earthquake struck Japan’s Tokara Islands early Wednesday with no tsunami warning or damage reported....
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.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Oil prices plunged more than 12% last week, ending a three-week rally, with experts expecting them to stabilize around $60 if the fragile ceasefire between Israel and Iran holds.
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding (MoU) to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
More than $2.5 billion in new deals and commitments between the United States and African partners were announced at the 17th summit, underscoring the U.S. commitment to prioritizing trade over aid by engaging Africans as equal partners in investment-driven growth, the State Department announced.
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