Author: Steven Sahiounie

Major processing plants are reportedly squeezing out smaller players for supplies from the sanctioned country China’s largest state-owned and private refineries are buying more Russian crude, driving up its price, and forcing smaller independent producers, known as ‘teapots’, to search for cheaper options, Reuters reported this week. Top Chinese buyers, which shunned Russian oil when the EU and G7 imposed an embargo and a price cap on the commodity in December, have restored confidence since then and joined the race for discounted oil. In February, state refiners PetroChina and Sinopec resumed imports, and in March, large private oil refiners Hengli Petrochemical…

There is no threat to the country’s energy security thanks to vast domestic supplies, deputy head Sergey Mochalnikov has said Russia has enough coal reserves to last for centuries, deputy head of the country’s Energy Ministry, Sergey Mochalnikov, said on Friday during a board meeting of the Federal Subsoil Resources Management Agency. When taking into account both tapped and untapped subsoil resources, the country will be well supplied with the coal for 300 years, he said. “We have enough reserves. In terms of coal, we have more than 100 years of explored reserves, and if we use all the resources,…

Russian Finance Minister Anton Siluanov said that in the event of a complete ban on exports from European Union countries to Russia, it will be possible to buy goods from friendly countries. Speaking at the “Knowledge Marathon” event today, Monday, Siluanov said: “The European Union countries are calling for a ban on exports to our country. Good, they think that we can only buy goods from them. The same goods, perhaps with better quality, we will buy them from friendly countries if necessary.” The Russian minister stressed that the European Union has already exhausted the possibilities of imposing sanctions that…

Alexandria Governorate is preparing to open the Tahya Misr station, which operates with the latest means of shipping and handling goods. Press reports revealed that there are many major projects that Alexandria Port is working on and the Ministry of Transport is interested in them, given that Alexandria Port is one of the most important Egyptian ports. Whether it is general cargo containers, it is managed by a global company specialized in the field of management and operation, the French CMA, which owns shipping lines, which is the second in the world. After entering the Tahya Misr station within the…

Standard & Poor’s credit rating agency expected that the Gulf countries would provide additional economic aid to Egypt if the economic situation needed it. In a recent report, the Foundation said, “We assume that any external funding gaps will be covered by additional support from the GCC government. This is despite media reports that the GCC countries are pressuring Egypt to implement reforms before disbursing funds to buy companies.” Egyptian state-owned. With regard to external financing, Standard & Poor’s expects that net inflows into the financial account will be sufficient to offset the current account deficit during the period up…

Early morning of April 24, two Ukrainian naval drones targeted the Russian city of Sevastopol.The drones attempted to strike at the Russian Black Sea Fleet stationed in the city bay. At least two loud explosions were heard in the city. The attack took place at 3.30 a.m. Moscow time. According to the governor of Sevastopol, one of the naval drones was destroyed by the anti-submarine/sabotage defense forces and the second one blew up on its own. The Black Sea Fleet repelled the night attack, all services are in full readiness in the city. The attack failed. The Russian Black Sea…

The move came after South Korea removed Japan 3 years ago.  Three years after removing Japan from the “white list” of preferred trading partners, South Korea reinstated Japan on Monday, according to the South Korean Trade Ministry. The ministry published a revised version of its public notice of strategic commodities imports and exports. Tokyo is once again identified as Seoul’s preferred trading partner in the updated edition of the document, allowing South Korean businesses exporting strategic items to Japan to employ streamlined registration procedures and acquire authorization in five days rather than 15. Japan, for its part, is still considering when to add South Korea back…

The Defense Ministers of Russia, Syria, Turkey, and Iran will meet tomorrow in Moscow to discuss security issues in the region. A quadripartite meeting between Defense Ministers of Russia, Syria, Turkey, and Iran will take place tomorrow in Moscow, Turkish Defense Minister Hulusi Akar announced on Monday. “It is planned to hold a meeting of defense ministers and intelligence leaders of Turkey, Russia, Syria, and Iran in Moscow tomorrow,” Akar said, as quoted by the Anadolu news agency. The Deputy Foreign Ministers of the countries met earlier in April to discuss a possible process for the normalization of ties between Syria and Turkey. …

Israeli occupation forces storm multiple towns in the occupied West Bank and Al-Quds arresting freed prisoners and Palestinian citizens. Israeli occupation forces stormed several cities and villages in the occupied West Bank and Al-Quds, on Monday dawn, arresting multiple Palestinian, including freed prisoners, amid confrontations with Palestinian resistance fighters. Occupation forces arrested freed prisoner and engineer Alaa Al-Aaraj after they stormed his residence in the Al-Maajin neighborhood located in the Nablus governorate. Resistance fighters opened fire on Israeli forces and targeted them with an explosive device as they raided Al-Aaraj’s residence. A force comprised of armored vehicles and well-equipped soldiers stormed the town…

‘Israel’ targets the Qurs al-Nafi site located in Quneitra, Syria West of the town of Hader with about 12 shells, on the dawn of 24 April. ‘Israel’ targeted the Qurs al-Nafi site located in Quneitra, Syria West of the town of Hader with about 12 shells, on Monday dawn, Al Mayadeen correspondent reported. The correspondent pointed out that the bombardment of the forested area in northern Quneitra did not cause any casualties. Israeli media claimed that the Israeli Occupation Forces (IOF) shelled a military facility in Quneitra with artillery rounds.  ‘Israel’ has repeatedly attacked Syrian civilian-populated urban areas and villages, including the attacks on the…