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Eslami: Our colleagues' morale at nuclear facilities excellent, carrying out their duties with dedication.
AEOI chief Eslami: Let the enemies know that this aggressive policy will never bear fruit.
AEOI chief Mohammad Eslami: Our people, the people of strength and pride, have not folded under pressure and will never surrender.
Israeli media: Warnings of a drone infiltration in southern [occupied] Golan.
Al Mayadeen's correspondent: 11 martyrs, more than 100 injured in IOF bombing of aid seekers, central Gaza Strip.
Mehr News Agency: Cell was planning to execute terrorist operations in crowded areas in Tehran, their plan was foiled.
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Official in Varamin, southeast Tehran: Air defenses have destroyed another F-35.
Israeli Health Ministry: 94 injured taken to hospitals last night as a result of Iranian missiles.
Informed source to Al Mayadeen: Over 270 martyred since start of Israeli aggression on Iran

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.

Related News

Putin orders govt to stabilize retail fuel prices amid export ban

EU to face diesel shortage, fuel prices hike: Hungary Energy Ministry

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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