General

Russia seeks optimal distribution of OPEC+ quotas if Iranian crude enters market

This post was originally published on this siteThe OPEC+ alliance should agree on “how to optimally distribute” crude production quotas, if a new Iran nuclear deal is reached that unlocks Iranian oil exports, Russian Foreign Minister Sergei Lavrov said March 15. Lavrov said that there were mechanisms in place to limit volatility in the event

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Genel Energy 'comfortable' with risk profile of operating in Iraqi Kurdistan

This post was originally published on this siteLondon-listed Genel Energy on March 15 maintained its 2022 output guidance at roughly the same level as the 2021 average of 31,710 b/d and said it continued to see bright prospects in Iraqi Kurdistan despite a dispute with authorities over the termination of two production-sharing contracts. In an

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REFINERY NEWS ROUNDUP: Plants in Europe focus on renewables projects

This post was originally published on this siteRefineries in Europe are focusing on renewables projects with some likely to drop planned conventional upgrades. UPGRADES Refinery Total capacity Country Owner Upgrade Completion Gdansk 210,000 Poland Lotos Convent/Hydrogen 2025 Plock 326,000 Poland PKN Orlen Conventional 2022 Trzebinia 7,400 Poland PKN Orlen Hydrogen 2021 Jedlicze 25,000 Poland PKN

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Column: Russia’s exports of coal, crude, LNG slipping as self-sanctioning starts

This post was originally published on this siteLAUNCESTON, Australia, March 15 (Reuters) – The voluntary shunning of Russian commodities by Western buyers, or self-sanctioning, was expected to start hitting exports of crude oil, liquefied natural gas (LNG) and coal from April, but there are already signs that flows are weakening. Russia’s invasion of neighbouring Ukraine

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