Russo-Ukrainian War - 2022 Edition - Part 4

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MunosMachos

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news.yahoo.com

Germany Seizes Rosneft Refineries, But Doesn’t Solve Its Oil Problem

Over the weekend, Germany moved to seize the local unit of Russian oil major Rosneft PJSC, including three oil refineries, but with the expropriation, Berlin hasn’t solved its crude supply problem
news.yahoo.com news.yahoo.com

The other complication is the nature of the oil itself. Without expensive modifications, the Schwedt refinery cannot operate on any other oil. To that end, the German chancellor has announced nearly 1 billion euros in investment.​
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This is a big issue. Refineries will have to modified and the modifications will depend on the type of oils Germany can procure.

markets.businessinsider.com

The EU's upcoming ban on Russian crude could shift 1 million barrels a day to these 7 nations next year, energy researcher says

The future of Russian flows could change dramatically as Europe's oil ban kicks in, Here's what the crude oil landscape might look like in 2023.
markets.businessinsider.com markets.businessinsider.com

South Africa
Historically, South Africa has only had one delivery of Russian crude, which came earlier this summer, according to Kpler. But its status as one of Russia's BRICS peers means it stands as a likely candidate for higher volumes.

What's more, the nation's Natref refinery, Kpler noted, is less likely to self-sanction from doing business with Moscow compared to BP- and Shell-owned Sapref.​

There could be a potential impact of 50,000 to 100,000 barrels per day flowing from Russian ports to South Africa.
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Sasol Restarts South Africa’s Natref Refinery, Ramping Up Output
Potential good news for the petrol price.
 
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