Despite having access to the Naftoport-Polish oil port in Gdańsk, the German side has not yet completely removed Russia’s stake from Germany’s Schwedt Refinery. On May 3, Germany’s “Task Force PCK,” which is dealing with the situation of the Schwedt Refinery (PCK), met for the fourth time. Task Force PCK …
Read More »Poland Seizes Russia’s Gazprom Assets
Minister of Development and Technology Waldemar Buda has acted on advice of the Internal Security Agency (ABW) to take over the shares owned by Gazprom in the EuRoPol Gaz company. EuRoPol is the owner of the Polish part of the Yamal-Europe gas pipe network. Up until now, Gazprom owned 48 …
Read More »Polish Oil could Help Save Germany this Winter
The refinery in Schwedt, Germany, near the Polish border, refines 12 million tons of oil every year. It was built in the 1960s and received its supplies from the Druzhba pipeline, which pumped oil from Russia through Belarus and Poland onward to Germany. The plant in Schwedt was an object …
Read More »Germany’s Green Energy Revolution Reaches a Dead End
In 2021, Germany seems to be heading towards producing the largest increase in greenhouse gas emissions in the last 30 years. According to the observations of the first half of the year, the recovery from the coronavirus epidemic will be carried out at the cost of higher pollution than the …
Read More »Russia World’s Second Largest Oil Producer So Far This Year
Russia produced an average of 10.36 million barrels of crude oil per day in January-May 2021, while the average U.S. production was 11.10 million barrels per day, fresh data from official Russia statistics agency Rosstat showed. Saudi Arabia slipped back to third place with an average daily production of 8.27 …
Read More »Poland Scores Victory over Russia after Gazprom Relents and Adjusts Gas Prices
Russia was still trying to stiff Poland on energy and gas prices in March and April despite a European court verdict that determined Russia overcharged Poland and should adjust its prices to fair market value. The Polish Oil Mining and Gas Extraction Company (PGNiG) won in the Court of Arbitration …
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