Tag Archives: oil

Vardis I. Vardinogiannis, Greek tycoon and shipping magnate, passed away at the age of 91. His family issued a statement on Tuesday morning saying “With profound sadness, the family of Vardis I. Vardinogiannis announces that our beloved father and grandfather passed away today.” He was the chairman and controlling shareholder …

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Secretary-General of Civil Protection declared “state of emergency” for the municipality of Zakynthos on Monday, following the oil contamination of the water supply network. The state of emergency has a duration of a month, that is until February 12, 2024, local media reported. Last Thursday, January 12, residents of the …

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It could be funny, if it was not particularly serious and probably harmful to the health of the citizens of Zakynthos: along with water faucets bring oil to dozens  of households since Thursday afternoon. Locals are angry and prepare to sue all those responsible for not warning them  in due …

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Police on Rhodes have arrested a 49-year-old priest on suspicion of insulting the sexual dignity of a 30-υear-old tourist from Esthonia, who said the cleric had “anointed” his genitals with holy oil. According to local newspaper dimokratiki, the tourist said he had visited a monastery with a female companion in …

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The US confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm. As oil markets remain jittery, the cargo seizure is the latest escalation between …

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Albania has seized an oil tanker carrying 22,500 tons of oil suspected of coming from Russia and arrested the crew for breaching a Western embargo, Albanian police said on Monday. The Liberian-registered oil and chemical tanker was seized in the coastal town of Durres. “From the first steps of investigation …

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The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. After a last-minute flurry of negotiations, …

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An Iranian-flagged tanker has retrieved an oil cargo which the United States had confiscated and is set to leave Greece, sources familiar with the matter said on Monday. The seizure from the Lana, formerly the Pegas, prompted Iranian forces in May to seize two Greek tankers in the Middle East …

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The European Union plans to abandon the proposal banning EU-owned ships from carrying Russian oil to third countries. Among the EU member states that pushed for the lifting if the export ban is Greece. According to a report, Bloomberg has learned and with those familiar with the matter, the proposal …

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Oil price jumps sharply today on news that US is preparing to stop all Iranian oil sanction waivers. The announce could be made as soon as on Monday. Currently, China, Greece, India, Italy, Japan, South Korea, Taiwan and Turkey are buying Iranian oil without facing US sanctions. But such waivers …

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The prosecutor in Athens has filed criminal charges against two women suspected of dousing oil at artifacts in Greek museums. They are charged for violation of the Law for Protection of Antiquities and Cultural Heritage. Caught in action on Sunday, they could go to trail today, however, the court postponed …

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Oil giants Exxon Mobil, Total and Repsol are among members of two consortia that have submitted bids to explore for oil and gas off Greece. The country’s oil and gas Hellenic Hydrocarbon Management Company (HHRM) said on Monday that Exxon and Total, each with 40 percent stakes, and Hellenic Petroleum …

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Saudi Arabia, Egypt, Bahrain, the United Arab Emirates and Yemen have cut diplomatic ties with Qatar, accusing it of destabilising the region. They say Qatar backs militant groups including so-called Islamic State (IS) and al-Qaeda, which Qatar has denied. The dispute with Qatar, the world’s top seller of liquefied natural …

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ExxonMobil and partner Qatar Petroleum on Wednesday signed an agreement with Cyprus to carry out exploratory drilling off the east Mediterranean island’s southern coast, where officials hope sizeable deposits of oil and gas could be found. Qatar Petroleum Chief Executive Saad Sherida Al-Kaabi said the area, or block, where the …

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The little extra in the salads was not the super quality of  extra virgin oil. It was rather a macabre touch with an oil mix stolen from graves lamps. Whether it was olive oil, sunflower oil or whatever-oil it depended on the economic situation of the widows and the orphans were putting …

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Sekavin SA, a Greek fuel supplier, said it’s investigating the origin of a cargo aboard an Iranian tanker off the Mediterranean island of Syros amid a European Union ban on purchases from the Middle East nation. The Baikal arrived at the Greek island on Monday and has the capacity to …

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Iran’s oil minister says the country has halted oil sales to Greece. It’s the latest European country hit with Iran’s pre-emptive retaliation over an EU embargo that is to go into effect in July and that was imposed over Tehran’s controversial nuclear program. The West suspects Tehran of pursuing nuclear …

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Iran’s parliament finalized a draft bill on cutting the country’s oil exports to European states as retaliation for the EU’s oil ban against Tehran. Fars news Agency reports that Iran will cut all oil exports to European states until they end their oil sanctions” Vice Chairman of Iran’s Parliamentary Energy …

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One may rightly ask “What is Oljefondet?” No, it”s not Oil Fondue! Oljefondet or Oil Fund is the Norwegian Petroleum Pension Fund, the largest pension fund in Europe and the fourth largest in the world with assets exceeding 400 billion euros. The Oljefondet is a fund into which the surplus …

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