Europe

Serbia's NIS gets U.S. approval to negotiate sale of Russian stake

The U.S. Treasury Department's Office of Foreign Assets Control imposed sanctions on NIS in October, as part of broader measures against Russia's energy sector, after granting a series of waivers since January.

China's teapots boost Russian ESPO buying amid record discounts

Discounts for Russian ESPO Blend crude loading in January have widened to a record $7–$8 per barrel versus ICE Brent upon delivery in Chinese ports, as Western sanctions pressure weighs on the grade.

Gazprom in talks with Hungary's MOL over NIS stake sale

The United States announced sweeping sanctions targeting Russia's oil sector in January over Moscow's war in Ukraine, but, for NIS, their application was postponed several times before finally coming into effect on October 8.

World’s first dynamic green ammonia plant starts operations in Denmark

Azerbaijan sends first gasoline shipment to Armenia after decades of war

The Azerbaijani government said the gasoline was shipped by train from the capital Baku to Boyuk-Kesik near the border with Georgia, across whose territory it will then be delivered to Armenia.

Glencore buys majority stake in Dutch fuel company FincoEnergies

Finco is a major player in the Dutch wholesale fuel market and in the region's biofuels and low-carbon fuel sectors.

UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product

Rohm awards NextChem feasibility study for PMMA-polymer chemical recycling plant project

KBR wins green ammonia project by IGNIS in Spain

KBR has been awarded a technology and engineering contract by IGNIS for a new green ammonia facility in A Coruña, Spain.

Germany's PCK refinery says no impact from pipeline leak

PCK said early estimates put the oil spill at 200 m3 (7,000 ft3) over an area of 2 hectares (5 acres) and environmental damage to soil and water was being assessed.