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Lukoil is “choking” with fuel oil: plants are on the verge of shutdown

... to store the fuel oil. The company's management suggests that the authorities begin to actively use fuel oil in the operation of the CHP plants as fuel. It is known that such a practice exists in a situation where CHP plants experience a shortage of gas, a cheaper type of fuel. In 2020, only 2% of the fuel consumed by CHP plants was fuel oil. Its volume then amounted to about 5.85 million tons. Several circumstances prevent the government from the immediate acceptance of Alikperov's proposal. First of all, the problem arises with the negative environmental impact (NEI). The company pays ...

Russia's plans to sell gas for rubles did not suit buyers

The President of the Russian Federation announced that the country would switch to ruble payments for gas supplies to "unfriendly countries." The leaders of many European states have already responded to Vladimir Putin's initiative. However, questions about how this will affect the energy balance of the global community remain open. Francesco ...

Nord Stream II preparing for bankruptcy

... off all the staff (106 employees). The project was actually ready to be launched on December 29, 2021. This was reported by the head of the Gazprom Сompany, which owns the pipeline. Due to the project, in which the largest concerns of the energy and oil market (Shell, OMV, Engie, Uniper, Wintershall DEA) took financial part, it was planned to increase the volume of natural gas transported to Germany along the bottom of the Baltic. By the end of February, the situation with the project came to a standstill. On February 22, an order to the German Ministry of Economy with a request to suspend the certification of the gas pipeline ...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

... pay considerable attention to Russia, which is the main supplier of gas. However, Jerger notes that only now, against the backdrop of an acute geopolitical conflict, the state began to actively negotiate with such oil-producing countries as Qatar. The oil and gas market, according to the head of BVMW, is what can be called a ‘power economy’, and not a market economy in its normal form. Is it possible to call a situation in which the free forces of supply and demand stop working a market, Jerger rhetorically ...

Fuel retailing in Russia has lost its profitability

... stations. A public statement about this was made by the representative of Shell corporation Vitaly Maslov. According to the expert, the current situation on the market, associated with the outstripping growth of wholesale prices for diesel fuel and gasoline, can drive about 60% of the market to bankruptcy. Russian oil refiners export up to a half of all produced diesel fuel and about 15% of gasoline. The reason for such a policy of refineries is more attractive prices for maximizing profits. The gradual equalization of prices is causing the rise in prices within ...

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