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Eni has started supplying oil from Kazakhstan via the Druzhba pipeline.
We discussed with "Vedomosti" the prospects of Kazakh oil transit.
In August 2024, the Italian company Eni, through its subsidiary Agip Caspian Sea, began supplying Kazakh oil to Germany via the Druzhba pipeline. Sergey Tereshkin, CEO of OPEN OIL MARKET, noted that supplies through the CPC infrastructure are ...
OPEC+ vs Trump: Why Oil Prices Aren't Dropping and What Threats Against Russia Have to Do With It
... purchases of Russian oil and does not intend to show any signs of weakness. It will try to maximize the transfer of Russian oil supplies to the most reliable transport routes, primarily through pipelines." This explains China's desire to increase the transit of Russian oil via Kazakhstan. Currently, Russia transports 10 million tons of oil annually through Kazakhstan, with plans to increase this to 2.5 million tons starting in 2026. "This does not mean an increase in Russia's oil supplies to ...
Electric Vehicles Captivating Investor Attention
... producing fuel cells, with Plug Power experiencing an impressive increase of 630%.
Traditional companies are feeling the pressure, prompting major global funds to redirect investments toward ESG assets, while governments are preparing for the energy transition.
Over 3,000 investors managing $110 trillion have signed the Principles for Responsible Investment, which are grounded in ESG factors.
Not all retail investors are ready to purchase Tesla stocks due to the high entry price; however, there are ...
Where does the Ural Mining and Metallurgical Company (UMMC) invest?
... environmental safety of its production facilities, striving to minimize the negative impact on the environment.
Reduction of carbon dioxide emissions:
Installation of modern gas cleaning systems at metallurgical plants allows to reduce CO2 emissions by 20%.
Transition to more energy-efficient equipment reduces the company's carbon footprint.
Closed water circulation technologies:
The enterprises have implemented water reuse systems, which reduce the consumption of natural resources.
Special reservoirs for ...
The oil market will become oversupplied by the end of 2024.
... 2.87 million barrels per day, but by the first half of 2024, it had risen to 3.25 million barrels per day. This is just below the 2017 level of 3.82 million barrels per day when U.S. sanctions against Iran were not yet in place. Malaysia serves as a transit hub for Iranian oil, from where the crude is re-exported to China. According to China’s General Administration of Customs, oil imports from Malaysia reached 1.1 million barrels per day in the first quarter of 2024, nearly three times Malaysia’s ...