TO CHANCEL SOUTH STREAM
The European Parliament urged European authorities to 'stand up to' Russia, adopting a resolution to stop President Vladimir Putin's energy plans in the continent.
'MEPs call on the EU to regulate third-party businesses in the areas of gas storage, interconnectors and flow-back facilities, and urge the EU countries to cancel planned energy sector agreements with Russia, including the South Stream gas pipeline,' reads a note released by the Parliament on Thursday.
Asking for a political, not a military, solution to the stand-off over Ukraine, MEPs welcomed signs hinting at a stabilisation of the situation in the conflict areas.
'MEPs welcome the newly-passed Ukrainian laws on a special status for the contested districts of Donetsk and Luhansk and the amnesty approved by the Ukrainian Parliament on 16 September as an important contribution to de-escalation.'
On Wednesday, according to Gazprom, Serbia said it will kickstart construction works of the local leg of the South Stream in October despite opposition from Brussels and political confusion over the project in Bulgaria.
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PENNENERGY - The Trump administration accused Russia on Thursday of a concerted, ongoing operation to hack and spy on the U.S. energy grid and other critical infrastructure, and separately imposed sanctions on Russian officials for alleged high-tech interference in the 2016 American presidential election.
IAEA - IAEA Director General Yukiya Amano commended efforts by Pakistan to increase nuclear safety and security as the country works to triple its nuclear power capacity. Prime Minister Shahid Khaqan Abbasi commended the IAEA for the support provided to Pakistan in the use of peaceful nuclear applications. Pakistan “was ready to further strengthen its partnership with the IAEA and contribute towards the achievement of the Sustainable Development Goals worldwide,” the Prime Minister said.
PLATTS - "The increase in competition induced new practices in the market that resulted in imports returning to normal," Petrobras' Jorge Celestino said during a presentation of the company's 2017 financial results.
PLATTS - The objective of this program is to increase its domestic refinery utilization rates to 90% from current levels of 10-20%, Kragha said speaking to Platts in Cape Town on the sidelines of the African Refiner Association conference.