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Oil Market
2012
indietro
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December

12/20/2012 | Oil Market |

Saras, letter of intent with Rosneft for joint venture

Saras and Rosneft have followed through on their Rome meeting in September (see SN n. 39 2012) with a letter affirming their intent to create a 50/50 joint venture for processing crude oil and expanding the sale of petroleum products. The joint venture makes it easier for the parties to capitalize on their respective upstream and downstream positions, focusing on Rosneft's ac ...


12/20/2012 | Oil Market |

The Moratti family's third way

In dealing with the refinery crisis in Italy, the letter of intent signed by Saras and the oil giant Rosneft marks a third way between that of shutdowns, followed by the Libyan firm Tamoil in Cremona and TotalErg in Pantano, and that of a sell-off, followed by Erg in Priolo and even earlier by Ies i ...


12/20/2012 | Oil Market |

Port of Trieste, oil traffic up 20%

Over 500 tankers expected

Trieste in 2013 will become Italy's biggest port and the tenth biggest in Europe. The port authority and Siot (Società Italiana per l'Oleodotto Transalpino) have joined forces to expand the oil terminal traffic, which estimates a 20% increase next year. In 2013, Siot, a Tal affiliate which manages t ...


12/13/2012 | Oil Market |

Refining, Italy and EU at crossroads

“Does the European Union still want to bet on refining? With all the Cassandras and excessively pessimistic prophecies, who will still have the desire and courage to invest in this sector?” Italy too will have to choose if it wants “to keep an oil industry or rather turn elsewhere for supplies”. The ...


12/06/2012 | Oil Market |

Api: no to firing, yes to a complete new start

Cost reduction for the company's new start in an especially difficult time for Italy's oil business: this is the policy Daniele Bandiera, Ceo of Api since the end of August, told Staffetta about in his first interview. Fresh from some important union agreements to preserve employment at the Rome com ...


November

11/29/2012 | Oil Market |

Falconara, strike begins Dec. 1

The Filctem-Cgil, Femca-Cisl and Uilcem-Uil unions have announced a strike “with cold shutdown of the production site from December 1st until the 8th” as a protest against the lack of progress in negotiations with Api. A union statement carries requests for an agreement that guarantees employment an ...


11/22/2012 | Oil Market |

Oil consumption, another tumble in October (-7.8%)

The unstoppable fall in Italy's oil consumption continues, even if the October drop was not as bad as the terrible one of September. The latest Economic Development Ministry data shows that October consumption amounted to 5,611,000 t, down 7.8% compared to the 6,086,000 t of the same month in 2011, ...


11/15/2012 | Oil Market |

UP, refinery processing -5.8%

In the first eight months of 2012, processing in Italian refineries decreased to 54.2mn t, a drop of 5.8% year on year. UP Informa's latest edition specifies that processing of crude belonging to foreign clients (included in the above total) is estimated at 4mn t (+32.1%). Net of 5.9mn t consumed an ...


11/15/2012 | Oil Market |

Oil stocks decree, cabinet to emanate it within two weeks

The legislative decree on oil reserves is about to be published. We have learned that the text of the document has been “closed” by the Economic Development Ministry and will be the topic of a meeting this week at the EU policies department, a necessary step for all normative measures implementing E ...


11/08/2012 | Oil Market |

Libya interested in Petit Couronne refinery after Cremona closure

Another non-binding expression of interest has come across for the French refinery of Petit Couronne of Petroplus, a company which is in liquidation: that of the sovereign fund of the Libyan Investment Authority. French industry minister Arnaud Montebourg has commented that the Libyans “want to exam ...


11/02/2012 | Oil Market |

Fuel network, Eni's market share 34.3%

The summer discount sales campaign “Riparti con Eni” turned into a real bonanza for the market leader. Now the company's market share is well beyond the antitrust threshold of 30%. Sales in Italy amounted to 2.24mn t in the third quarter of 2012, substantially unchanged compared to the same period l ...


11/02/2012 | Oil Market |

GazpromNeft seeks operators in Italy for storage and logistics

Gazpromneft Lubricants Italia Spa, the Gazprom subsidiary active in producing and selling lubricants for vehicles and industry, has set up an informal non-binding procedure to choose operators non-exclusively for logistical services for products arriving by sea for land transport to the company's pl ...


October

10/25/2012 | Oil Market |

Decal lands in Sicily

The Environment Ministry has granted a positive Eia, with conditions, for a coastal depot terminal for gasoil, fuel oil, biodiesel and slop for a total capacity of 186,500 m3 planned by Decal for Augusta on the consortium dock of Punta Cugno. The Environment Ministry decree was emanated with the app ...


10/25/2012 | Oil Market |

Truckers, let's fill up across the border

“It is not smart to buy diesel in Italy. Our trucks have thousand-liter tanks. Filling up across the border, we do our routes around Italy and then, when we are finished, we fill up the tank abroad again”. These were the words of Eleuterio Arcese, chairman of Anita, the Confindustria association of ...


10/18/2012 | Oil Market |

Shell, multi-function station with Carrefour in Milan district

In Milan, Shell and Carrefour have opened the city's first multi-function service station, which combines fuel distribution and food shopping, with prices on the same level as those of other Carrefour Express sales points in Milan. The station's Carrefour Express store, covering a surface of about 1 ...



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