LUKOIL OPENS LUBRICANT STORAGE AND TRANSFER TERMINAL IN AUSTRIA
A bulk lubricant storage and transfer terminal of PJSC LUKOIL was brought into operation in Vienna today. The opening ceremony was attended by the Chairman of PJSC LUKOIL Board of…
Bank of England unveils new £20 note design featuring JMW Turner
Today, Bank of England Governor, Mark Carney, announced that J.M.W. Turner will appear on the next £20 banknote due to be issued by 2020. At the announcement at Turner Contemporary…
Belarus will raise export duties on oil and oil products
Belarus will raise export duties on oil and oil products, which are exported outside the customs territory of the Eurasian Economic Union, on 1 April 2016. The relevant decision is…
Gazprom and Srbijagas sign Agreement for scientific & technical cooperation and partnership
Oleg Aksyutin, Member of the Management Committee, Head of Department of Gazprom, and Dusan Bajatovic, Director General of Srbijagas, signed today in Belgrade an Agreement for scientific & technical cooperation…
Skanska invests EUR 48 M, about SEK 450 M, in phase I of office project in Cracow, Poland
Skanska invests EUR 48 M, about SEK 450 M, in phase I of High Five, an office project located in Cracow, Poland. The first phase, consisting of two office buildings…
Google, Apple, IKEA and McDonalds probed by Tax Rulings II Committee
Google, Apple, Inter-IKEA Group and McDonald’s would welcome more clarity and certainty about their tax liabilities in the EU, but they are concerned about the administrative compliance costs and reluctant…
Ending EU citizens’ bank secrecy in Andorra
An EU deal with Andorra, which will make it harder for EU citizens to hide cash from the tax man in bank accounts there, was endorsed by Parliament in a…
Statoil Energy Ventures makes first investment: United Wind
Statoil Energy Ventures announces today that it has invested USD 3 million in United Wind, the leading provider of distributed wind energy leasing solutions. This is the first investment by…
Solar, natural gas, wind make up most 2016 generation additions: U.S. Energy Information Administration
Electric generating facilities expect to add more than 26 gigawatts (GW) of utility-scale generating capacity to the power grid during 2016. Most of these additions come from three resources: solar…
Nigeria, Saudi Arabia commit to oil market rebound
Leaders of Nigeria and the Kingdom of Saudi Arabia have expressed commitment to a”stable oil market” and a “rebound of oil price.” At a bilateral meeting between Nigeria and Saudi…
IRS Learns 390,000 More Taxpayers Were Victims of Last Year’s Hack
Following an incident involving the IRS’s “Get Transcript” application discovered last May, the Treasury Inspector General for Tax Administration conducted a nine-month long investigation looking back to the launch of…
UNWTO confident in Egypt’s tourism recovery – The World Tourism Organization
UNWTO Secretary-General, Taleb Rifai, has expressed the Organizations’ full confidence in the recovery of tourism in Egypt during a recent visit to the country. On the occasion, Mr. Rifai met…
European distillate oversupply means some shippers take the long route around Africa
In Europe, the combination of low winter heating demand, high refinery runs, and increased imports have kept distillate fuel oil inventories in the Amsterdam, Rotterdam, and Antwerp (ARA) area far…
MEPs back more duty-free olive oil imports to help Tunisia but want safeguards
To help strengthen Tunisia’s economy, hit not least by 2015 terrorist attacks, MEPs backed emergency plans to allow an additional 70,000 tonnes of its virgin olive oil to be imported…
Europe’s largest onshore wind power project to be built in Central-Norway
Statkraft, TrønderEnergi and the European investor consortium Nordic Wind Power DA will join forces to realise Europe’s largest onshore wind power project in Central-Norway, comprising six onshore wind farms, with…