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  • Russia halts pipeline oil provides to Poland, PKN Orlen says

    The halt in provides through the pipeline – which has been exempted from EU sanctions imposed on Russia following its full-scale invasion of Ukraine – got here a day after Poland delivered its first Leopard tanks to Ukraine.

    Warsaw,UPDATED: Feb 25, 2023 23:28 IST

    A view reveals pipelines at an oil pumping station of Druzhba pipeline, in Adamowo, Poland. (Reuters)

    By Reuters:

    Russia has halted provides of oil to Poland through the Druzhba pipeline, the chief government of Polish refiner PKN Orlen (PKN.WA) mentioned on Saturday, including that the corporate would faucet different sources to plug the hole.

    The halt in provides through the pipeline – which has been exempted from EU sanctions imposed on Russia following its full-scale invasion of Ukraine – got here a day after Poland delivered its first Leopard tanks to Ukraine.

    “We’re effectively securing supplies. Russia has halted supplies to Poland, for which we are prepared. Only 10% of crude oil has been coming from Russia, and we will replace it with oil from other sources,” PKN Orlen Chief Executive Daniel Obajtek wrote on Twitter.

    The firm mentioned it might totally provide its refineries through sea and that the halt in pipeline provides wouldn’t influence deliveries of gasoline and diesel to shoppers.

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    As of February, after a contract with Russia’s Rosneft expired, Orlen has been getting oil underneath a cope with Russia’s oil and pure gasoline firm Tatneft.

    Tatneft and Russian oil pipeline monopoly Transneft didn’t instantly reply to a request for remark.

    The provide halt got here after US President Joe Biden visited Warsaw and Kyiv this week in a present of assist for Ukraine a 12 months after the invasion.

    On Friday, the European Union agreed on a tenth package deal of sanctions on Russia.

    Following the invasion of Ukraine and earlier than the EU embargoed seaborne provides from Russia, Orlen stopped shopping for Russian oil and fuels through the ocean.

    The firm’s provide portfolio now consists of oil from Western Africa, the Mediterranean, the Gulf and the Gulf of Mexico, it mentioned. It additionally has a provide contract with Saudi Aramco as of 2022.

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    Seaborne provides attain Poland through Naftoport, an oil terminal in Gdansk on the Baltic Sea. It can obtain 36 million tonnes of oil yearly topping volumes that may be processed by Polish refineries and are partly used to provide oil to refineries in Eastern Germany which are linked to Druzhba.

    “Given the capacity of Naftoport and the fact that we also have other routes to import motor fuels, clients will not feel any impact, while Orlen has been prepared for this for months,” Mateusz Berger, Secretary of State in control of strategic power infrastructure advised Reuters by telephone.

    Published On:

    Feb 25, 2023

  • In main blow, EU bans imports of a majority of Russian oil

    From the second Russia invaded on February 24, the West has sought to hit Moscow’s profitable vitality sector to chop off funding for its warfare. But any such transfer is a double-edged sword, particularly in Europe, which depends on the nation for 25% of its oil and 40% of its pure gasoline. European nations which might be much more closely depending on Russia have been particularly reluctant to behave.

    In a transfer unthinkable simply months in the past, EU leaders agreed late Monday to chop round 90% of all Russian oil imports over the subsequent six months.

    In response to the EU’s resolution, Mikhail Ulyanov, Russia’s everlasting consultant to worldwide organizations in Vienna, took to Twitter, saying: “Russia will find other importers.”

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    Russia has not shied away from withholding its vitality provides, regardless of the financial harm it may endure in consequence. And Russian vitality large Gazprom introduced it could minimize pure gasoline provides to Dutch dealer GasTerra on Tuesday and it’s contemplating slicing off Denmark. It’s already turned the faucets off in Bulgaria, Poland and Finland.

    Dutch dealer GasTerra mentioned the transfer was introduced after it refused Gazprom’s “one-sided payment requirements.” That’s a reference to Russian President Vladimir Putin’s demand that European nations pay for gasoline in rubles — an association many have refused. GasTerra mentioned properties wouldn’t be hit because it had purchased gasoline elsewhere in anticipation of a shutoff.

    Talks at EU headquarters in Brussels had been set Tuesday to deal with methods to finish the buying and selling bloc’s dependence on Russian vitality, by diversifying provides and rushing up the transition to renewable sources and away, as a lot as doable given latest worth hikes, from fossil fuels.

    The oil embargo, tied up in a brand new bundle of sanctions that may also goal Russia’s greatest financial institution and state media shops accused of spreading propaganda, covers crude oil and petroleum merchandise however has an exception for oil delivered by pipeline.

    Hungarian Prime minister Viktor Orban made clear that he may solely help the brand new sanctions if his nation’s oil provide safety was assured. Hungary will get greater than 60% of its oil from Russia and relies on crude that comes by way of the Soviet-era Druzhba pipeline.

    The EU estimated that would imply round 90% of Russian oil — the vast majority of it introduced into Europe by sea — is banned by the top of the yr. As a part of the measure, Germany and Poland agreed to cease utilizing oil from the northern department of the Druzhba pipeline.

    The sanctions bundle should nonetheless be finalized in coming days.

    The leaders reached their compromise after Ukrainian President Volodymyr Zelenskyy urged them to finish “internal arguments that only prompt Russia to put more and more pressure on the whole of Europe.”