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NeWS – eURoPe 10 Medvedev orders clampdown Russian President Dmitry Medvedev has ordered the head of Russia’s anti-monopoly service (FAS) to closely monitor retail vehicle fuel prices, with any baseless increases met with swift legal measures. The Energy Ministry said: “The recent rise in excise duty on fuel products should not lead to a one-off ‘shock’ rise in gasoline and diesel prices.” A series of measures were taken in 2011 aimed at stabilizing the domestic fuel market. High-octane gasoline for the domestic market rose 7.3 percent and winter diesel fuel 5 percent. Fuel stocks at oil refineries and oil depots last year almost doubled from 2010. Fuel shortages occurred in Russia last year after oil companies suspended deliveries complaining that pressure from government to hold down retail prices made sales less profitable in the country than selling abroad. eU directive comes into effect On 1st January 2012, the EU directive (2009/126/EC) on vapour recovery became effective. This directive tightens the recovery efficiency, definings a maximum allowed deviation of +/- 5 percent. Monitoring is optional, but the mandatory inspection interval can be increased from once every two years to every third year when a monitoring system is installed. The requirements in this directive are for new or refurbished stations. It affects stations with a throughput exceeding 500 m³ per year, or 100 m³ if it is located under a building. Existing service stations with a throughput in excess of 3 000 m³ per year are required to be equipped with vapour recovery systems by no later than 31st December 2018. Where a monitoring system is included, there will typically be a requirement to integrate this with the POS system. NIS opens petrol stations in bulgaria Petroleum Industry of Serbia (NIS) plans to buy 20 petrol stations in Bulgaria, Serbian newspapers report. According to NIS deputy general director Nicolaus Petri the company plans to buy petrol stations in Romania as well. He said, “NIS wanted to set up a chain of 80 petrol stations in Bulgaria in the next two years”. PKN orlen may join with Lotos The sale of Lotos Group, Poland’s second-largest refiner is slow and final bids were due by 20th December. But many expect the process will end without a winner, speculation is rising that the government will return to its time-worn formula of trying to join Lotos with its larger state controlled rival, PKN Orlen. Press reports have citied four bidders shortlisted for Lotos, which has a refinery LAteSt NeWS, eveNtS, JobS oNLINe – WWW.PetRoLPLAzA.CoM in northern Poland, a network of petrol stations and some extraction on the Baltic Sea: Russian TNK-BP, Hungary’s MOL, Mercuria Energy and Burgan Capital Investment of the UAE. The likeliest partners are thought to be Russian oil majors, as Lotos may make a decent fit into their central European strategy – but investments by Russia are still regarded with suspicion. tAtNeFt station network in belarus The first filling station of TATNEFT in the Republic of Belarus has opened and construction of the second filling station was completed. Both are now operational and at this time construction and installation works were approaching completion and preparing for commissioning of six other stations. Motorists are offered high-quality gasoline, diesel fuel & gas and plans envisage opening Imaging innovation talk of ‘new petroleum age’ One of the world’s leading energy companies, Norway’s Statoil ASA, has gone public with a scientific innovation that it says will drastically reduce the costs and risks of discovering new deposits of fossil fuels. Already employed by Statoil worldwide over the past few years, the technique especially improves the odds of finding oil and gas in unexplored regions that have never felt the bite of a drill’s bit, said Helge optima considers buying oMv units Bosnia’s Optima is interested in taking over Austrian oil and gas group OMV AG’s petrol stations in Croatia and Bosnia as part of plans to expand across the Balkans. Jurij Belov, the General Manager of Optima Group, which operates Bosnia’s sole oil refinery Brod and the Nestro petrol retail chain, said regional expansion was one its strategic goals. “We are very interested in entering the Croatian shops soon. Additional equipment installed at the fuel-dispenser allows processing bank and fuel cards. Irek Gafiyatullin, Director of “Tatbelnefteprodukt”, the TATNEFT company’s regional structure, noted that the new station had been equipped with foreign equipment and all the instrumentation had been produced in Belarus. 21 new job positions have been created thanks to Tatarstan’s investor. Løseth, one of the Statoil geologists behind the innovation, published in last Decembers issue of the journal Geology. Everywhere, he said, “you increase the likelihood of striking oil quite significantly”. Independent geologists expect Statoil’s seismic leap, while perhaps not exclusive to the company, will ripple through the industry, becoming a standard tool over the next few years. market and taking over OMV’s retail chain there, as well as in Bosnia.” OMV operates 63 retail units in Croatia and holds a 13 percent market share there, while in Bosnia it runs 13 units and has an 8 percent market share. Optima Group, owned by Russian firm Neftegazinkor, a unit of state-run Zarubezhneft, has a retail network of 88 petrol stations in Bosnia. No postponement for mandatory level gauges Bulgarian filling station owners will get no postponement for installing mandatory level gauges, said Rosen Bachvarov, Spokesperson of the National Revenue Agency (NRA) on Monday. Industry representatives have warned that the requirement to mount the equipment by end – March will lead to the Lithuania’s vakoil turnover almost doubles Vakoil, the Lithuanian chain of petrol stations, boosted its turnover by about 96 percent to 25.7 million litas (7.33 million euros) over the first nine months of the year 2011. The growth of the turnover was determined by new forced closure of thousands of filling stations, leaving 4 000 workers unemployed. “We remain open to dialogue on the technical requirements”, Bachvarov said. Since taking office we have already uncovered some 24 million leva in hidden turnover amid falling fuel consumption. contracts with more than 160 companies, the company’s head Povilas Ugianskis said. In the third quarter of 2011 the turnover of Vakoil totalled 9 million litas (2.56 million euros), an annual increase of 50 percent year-on-year.
LAteSt NeWS, eveNtS, JobS oNLINe – WWW.PetRoLPLAzA.CoM NeWS – MIDDLe eASt, AFRICA & ASIA 11
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