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BREAKING
Sheikh Qassem: We, our allies, the honorable in our nation, our people, and our army will never accept being subservient to the US or 'Israel'
Sheikh Qassem: They must despair, for whatever they do, this people cannot be defeated or broken, and we shall neither fall nor yield
Sheikh Qassem: Threats neither advance nor delay matters, yet the possibility of war or its absence exists because 'Israel' and the US are weighing their options
Sheikh Qassem: All these threats are simply a form of political pressure after a whole year of efforts proved ineffective
Sheikh Qassem: 'Israel's' 'servants' in Lebanon are few, but they cause problems by obstructing the country’s stability, growth, and liberation alongside the US and 'Israel'
Sheikh Qassem: Weapons block 'Israel’s' project, and anyone seeking disarmament plays into 'Israel’s' hands
Sheikh Qassem: The agreement came because we held fast, empowered by our vision, our faith, our will, our people, our patriotism, and our unwavering attachment to our land
Sheikh Qassem: People of Might Battle was a confrontation by a modest force, incomparable to the enemy's strength, but it was noble in spirit, brimming with courage, resolve, and unwavering faith in victory
Sheikh Qassem: Today, Lebanon is under an Israeli aerial occupation
Sheikh Qassem: The project of "Israel" came crashing into the defenses of the People of Might Battle

Kuwait sends EU first batch of diesel fuel to aid with energy crisis

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Dec 2022 18:37
  • 1 Shares
3 Min Read

The Kuwait National Petroleum Company says the Gulf country sent 66,000 tonnes of diesel fuel to Europe amid the harsh winter.

  • x
  • Kuwaiti oil refinery (AFP)
    Kuwaiti oil refinery (AFP)

To face the harsh winter, Kuwait has sent its first batch of diesel fuel to the EU, reported the country's news agency KUNA on Sunday, according to a statement by the Kuwait National Petroleum Company (KNPC).

The shipment consisted of 66,000 tonnes of the energy commodity, which was specially produced to meet the union's required standards and the EU market.

A refinery at the Port of Mina Abdullah conducted research to match the fuel's standards with those of the European demands.

Read more: US worried EU resolve on Ukraine diminishes over energy crisis - CNN

Within the same context, the European Union reached a punitive agreement to set a price cap on Russian oil at $60 a barrel, keeping a review mechanism to keep the price cap at 5% under market value.

Later, EU energy ministers agreed on setting a price cap for natural gas with Malta's minister announcing that the threshold was 180 euros per megawatt hour.

Moscow has previously stated that it will not comply, instead exporting its crude to nations that are not subject to the quota.

When the price cap was being further developed in October, the Russian Foreign Ministry called out the EU's decision on Russian oil exports to third countries, namely Cyprus, Malta, and Greece, and pledged to sell oil to countries that honor free market principles.

Read more: Experts: price cap on Russian oil to further aggravate energy crisis

In light of the price cap, Russian President Vladimir Putin commented that "the proposed cap corresponds to the prices at which we sell today. In this sense, this decision does not affect us in any way. To be honest, it is not important for us."

Several unidentified G7 officials earlier disclosed to Reuters that they doubted the ban would be successful if just the group's members - the United States, United Kingdom, Canada, France, Germany, Italy, and Japan - enforced it. They noted that in order for the measure to have a tangible impact on Russia's oil profits, the G7 would need the support of large oil consumers like China and India.

Starting from February 5, 2023, the European Union will be introducing a price cap for Russian refined products as well.

Infograph: EU to cut electricity usage in 2023

  • Diesel fuel
  • KNPC
  • Europe
  • EU
  • Kuwait
  • European Union

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