Rosneft

Ukraine on Wednesday hit a Russian oil refinery in Ryazan, south of Moscow, in a new drone attack on Russia's energy infrastructure, authorities said.

Ukraine has launched drones into Russia regularly since last year as the war between the two drags on, increasingly targeting sites such as factories and oil refineries deep inside Russia.

Following Russia's invasion of Ukraine, Russian oil giant Rosneft has announced plans to divest its assets in Germany, aiming to conclude the sale by September, according to Germany's economy ministry, as reported by Reuters on Friday.

The footage shows a giant flame engulfing the Rosneft RN-Marine Terminal oil facility in the city of Tuapse in the Krasnodar region.
The midnight strike was the fourth to hit energy infrastructure facilities in Russia in six days.

Greece has secured 24 million euros in European Union funding to upgrade its northern Aegean Sea port of Alexandroupoli, privatization agency TAIPED said on Wednesday.

Alexandroupoli has been used by US military ships to unload munitions and move them to the eastern flank of NATO.

British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.

A recently set up Greek-Bulgarian working group met in Athens last Friday to discuss reviving the Alexandroupoli-Burgas oil pipeline project.

The meeting was attended by Greek Environment and Energy Ministry Minister Kostas Skrekas and his Bulgarian counterpart Rossen Hristov, who agreed that the pipeline is of great geostrategic importance for both countries.

The construction of an oil pipeline linking Alexandroupoli to Burgas in Bulgaria is back on the table, with the difference now that the new plans provide for the transport of oil from the south (Alexandroupoli) to the north (Burgas) and from there to the markets of the Balkans and Eastern Europe.

Berlin said on Sept. 16 it had taken control of the German operations of Russia firm Rosneft, which runs several refineries, to secure energy supplies which have been disrupted after Moscow invaded Ukraine.

British energy giant BP announced on Feb. 27 that it was pulling its 19.75-percent stake in Rosneft following Russia's invasion of Ukraine.

London-based BP has held a 19.75 percent stake in Rosneft since 2013. That stake was valued at $14 billion at the time of the announcement.

Crude oil prices were trading with gains on Feb. 19 as a result of growing supply concern in Libya and with U.S. sanctions on a subsidiary of Russian oil firm Rosneft.