Tag: Oil
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UK and Italy turn to Russian oil as oil in the open market remains above $100
The UK and Italy are temporally renewing their purchases of Russian oil seeking cheaper oil imports as inflation gets sticky in Europe due to the consequences of the war in Iran. Inflation in the UK went down in April at 3% from 3.4% in March but is still relatively high. The UK’s Department for Business…
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Away from our shores but not away from our flag? Maltese-flagged vessels keep selling Russian oil
Despite calls by Deputy Prime Minister and Minister for Foreign Affairs Ian Borg urging Europe to keep the Russian shadow fleet away from European shores, Maltese-flagged vessels remain deeply integrated in the Russian oil trading industry. The Foreign Minister made these appeals after Ukraine struck a Russian gas-laden ship just outside Maltese waters. The Russian…
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Strait of Hormuz remains closed to Western shipping: oil opens above $100
The Strait of Hormuz remains closed to Western shipping as negotiations between the US President and the Iranian regime continue to consist of a constant back-and-forth exchange of proposals, which are being equally rejected by both sides. Both sides exchange fire earlier this month and Iran also targeted a number of Western commercial vessels. Over…
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Chevron’s full press release on Malta’s oil exploration study
This is Chevron’s full press release about its newly-awarded exploratory license in the Maltese Continental Shelf. Parts of it were already reproduced by the local press but we are reproducing it here in full for reference purposes. This announcement was in the offing for some time, but the Labour government has kept its announcement for…
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Mafia State or not Mafia State?
In March the Prime Minister protested against “Opposition blogs” saying they are giving the wrong impression that Malta is a Mafia State. Yesterday, the Prime Minister told us that the biggest oil-contrabandist in Malta pitched him a gas and oil terminal project in Hurd’s Bank which is the same one being pitched by the Nationalist…
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Opposition Leader tells the Prime Minister to report his claims to the Police during mass rally in Birkirkara
At a mass political rally in Birkirkara, Opposition Leader Alex Borg urged the Prime Minister to file a Police report over claims he made that the proposals handed to him for the gas and oil terminal in Hurd’s Bank were proposed by “Malta’s biggest oil-contrabandist”. Earlier today, Prime Minister Robert Abela made gave these comments…
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Dreaming big is amazing – but Alex Borg seems to be surrounded by the wrong people
Theoretically, having a young Opposition Leader should have inspired us to dream about big changes and Alex Borg is struggling to deliver these big ideas for systematic change in Malta. Instead he is mimicking Labour and trying to be a better version of it, but while doing so he is failing to capture a wave…
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Opposition Leader announces oil and gas bunkering in Hurd’s Bank as “new economic niche”
Opposition Leader Alex Borg announced earlier today that he pledges to create a new Maritime Hub in Hurd’s Bank to create “a new economic niche”. He said that the new economic niche will serve to provide bunkering services to ships passing through Hurd’s Bank, and added that the maritime hub will be mounted with a…
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Maltese government announces exploratory oil and gas license to Chevron
The Maltese government has quietly announced that it has provided an exploratory license for its oi land gas reserves to Chevron’s subsidiary. The announcement states that: “The offshore acreage has been covered by extensive seismic surveys but tested by only eleven exploratory wells. Presently, Areas 1, 4, 5 and 7 are licensed to Chevron Balkans…
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Darren Debono’s junk spotted outside Hurd’s Bank as illegal activity makes a big comeback
Darren Debono’s sanctioned junk-vessel which had been used to traffic Libyan oil has been spotted outside Hurd’s Bank earlier today as illegal and unusual activity in the area makes a comeback. The vessel owned by Darren Debono’s company, Andrea Martina, is still under sanctions by the US Treasury. The junk vessel, Zeus, is owned by…
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Unusual and illicit activity returns with a bang in Hurd’s Bank
Illicit activity in Hurd’s Bank winded down following the attack on the Arctic Metagaz, but it seems to be picking up again. The Arctic Metagaz has finally been salvaged by the Libyan authorities. Unusual and illicit activity has a returned in Hurd’s Bank during the past few days with sanctioned vessels passing and anchoring through…
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The massive illegal oil trade outside Port Said
Port Said in Egypt has been a recipient of Russian oil despite EU and US sanctions, but the illegal oil trade outside the harbour and in international waters is also increasing. Port Said is becoming increasingly important for the illegal Russian oil trade due to a reduced illegal activity in Hurd’s Bank, the squeezing of…
