Europe

Serbia has a week to resolve NIS refinery crisis, President Vucic says

Washington is seeking complete Russian divestment from NIS, which operates Serbia's only refinery, and on Saturday gave the company's owners three months to find a buyer.

Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions

The move aims to secure fuel supplies for stable airport operations as U.S. sanctions against the Russian-owned company take effect later this month.

Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions

According to traders and LSEG shipping data, the Malta-flagged tanker Hope A loaded about 30,000 metric tons (t) of vacuum gasoil at Russia’s Black Sea port of Tuapse on October 22 and sailed toward Croatia.

Bulgaria wins UK sanctions reprieve on refinery, petrol stations

The UK last month announced sanctions on Russia's two biggest oil companies, Rosneft and Lukoil, and a week later the U.S. followed suit in a bid to squeeze the financing of Moscow’s war effort in Ukraine.

Bulgarian parliament overturns presidential veto on Lukoil refinery takeover

Quick wins on cutting methane dogged by a slow transition

The pledge to cut methane emissions by 30% below 2020 levels by 2030 has been signed by 159 countries plus the EU. Many of them have developed, or are working on, methane action plans, and billions of dollars have been committed to the effort.

German chemicals lobby VCI says no sector turnaround in sight after weak Q3

Bulgaria's president vetoes law to seize Lukoil refinery amid U.S. sanctions

Bulgaria's President Rumen Radev returned the legislation to parliament for further discussion, saying the changes failed to provide protection against future financial claims against the state, violated Bulgaria's constitution and posed a risk to public finances.

ABB awarded highest certification for industrial safety management

The TÜV Rheinland FSMS Certificate ML 5 is granted to the ABB Energy Industries division Safety Execution Centers (SEC) in Germany, Italy, Norway and Singapore, which provide safety support to high hazard industrial sectors.

INEOS prepares 10 anti-dumping cases to EU commission in unprecedented move

Europe’s chemical sector, the foundation of modern manufacturing, is being drowned by a tidal wave of low-cost imports from Asia, the Middle East and the United States. These products are undercutting European producers who face the world’s highest energy prices and escalating, unilateral carbon costs.