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APK-Inform reports that weekly exports to Ukraine have increased by 28%.
APK-Inform, a consultancy, said that weekly exports of?wheat, corn, and?barley grew by 28% from?August 20 through?August 26 to 240.900 metric tons. The volume was 173,300 tonnes of wheat, 58.900 tons corn, 8,600 tons barley, and other grains. The Ukrainian grain exports have dropped sharply after Russian missile and drone attacks in the Black Sea region of Ukraine. APK-Inform data showed that early in July, when the ports?operated as usual, Ukraine exported approximately 760,000 tonnes?of grain each?week. APK-Inform didn't provide an explanation for the increase in exports last week, but did note that Ukraine increased grain shipments into its ports along the Danube River by 35%. After the closure of Ukraine's seaports it has redirected grain shipments towards ports on the Danube, and its western borders. However, officials and analysts claim that these alternative routes cannot compensate for the loss seaports. The Ukrainian agriculture minister Taras Vysotskyi said that the food exports from Ukraine could 'decrease to around 1.7 million tonnes this month, and are expected to be about 2 million tons by September due to the blocked seaports. Before the blockade, Ukraine exported food cargoes of at least 4,000,000 tons per month.
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Temasek supports Singapore Airlines' Air India Investment amid growing scrutiny
Singapore's state-owned investor Temasek - the majority shareholder of Singapore Airlines -- backed its investment in Air India on Saturday, as questions grew about the airline’s stake in the Indian carrier. This week, the first report on Air?India's request to Tata Sons for $1.5 billion of new equity was published. Singapore Airlines holds 25.1%, while Tata owns the remainder of India's largest airline. Kenneth Tiong of Singapore's Workers' Party opposition, who learned about the funding request, called for Temasek's money not to be used in order to support the Indian carrier. Singapore's Business Times also published a comment arguing that Singapore Airlines couldn't realistically sell its Air India stake and that?Tata was the only viable buyer. The newspaper questioned the value of its 25,1% stake beyond a seat on the board and a share in the losses, but maintained that the strategic logic behind the investment was still valid. Juliet Teo of Temasek Singapore's joint head of Portfolio Development wrote to the newspaper in response to this?commentary. She said that Temasek supported Singapore Airlines decision to invest into Air India and viewed it from a longer-term perspective. In the letter, it was stated that Air India's transformation involved multi-year, complex operational and integration challenges. The outcomes were shaped by external factors, such as industry developments, geopolitical changes, and fuel price volatility. It said that "efforts of this magnitude take time and cannot be expected to be linear." Temasek has not stated whether it would support any capital contributions by Singapore Airlines to Air India. Tata has been in charge of Air India since 2022, when it was formerly owned by the state. Air India was hit by the ban on Indian carriers in Pakistani airspace, the U.S./Israeli conflict with Iran and the fallout of a fatal crash that occurred last year. The airline's?budget division Air India Express and the airline itself posted combined losses of $2.33billion in the year up to March. This weighed on Singapore Airlines' profits. Singapore Airlines announced on Thursday that its board will carefully review any requests from Air India for additional capital, taking into account the group's capital requirements as well as Air India's strategy.
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Boeing and union negotiators will meet on Monday to restart stalled contracts negotiations
A spokesman from the Society of Professional Engineering Employees Association said that Boeing's negotiators and its largest union, SPEEA, plan to meet on Monday to resume contract negotiations. SPEEA members rejected Boeing's offer by a large majority last week. In a recent survey conducted by SPEEA, union members including engineers and technical workers said that they want Boeing to guarantee them immediate and larger wage increases. According to the survey results, shared by SPEEA, more money for annual performance-based increases is the?second highest priority. According to the survey, the?third-highest priority was better annual cost-of living adjustments. Boeing's spokesman said, "We are looking forward to reaching an agreement with SPEEA before the current contract ends and we look forward to finding a resolution at the bargaining table." The company declined further comment. Tuesday, the planemaker advertised?contractor positions in apparent preparation for a strike after the current contract expires Oct. 6. SPEEA members are essential to Boeing's efforts to certify the 737 -MAX 10 and 787-9, which both are years behind schedule. Work stoppages would further delay the two aircraft's entry into service. Airlines are still waiting for their delivery. Reporting by Dan Catchpole, Seattle. Editing by Nick Zieminski & Chizu Nomiyama.
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Tennessee Governor: Nashville airport will be named after Dolly Parton
Tennessee plans to name Nashville International Airport after country music icon Dolly Parton. The singer passed away in the 'country music capital' earlier this week at age 80. After Parton's death, fans launched a social media campaign to change the name of the airport. Tennessee Governor Bill Lee discussed the change with Parton's staff this week, according?to statements from the airport and Lee’s office. Lee stated in the statement that "Dolly Parton’s extraordinary life will forever be woven into the fabric of our State." Nashville International Airport is named after 'our favorite daughter' Dolly Parton, who has left a legacy of generosity, faith and kindness. According to a statement, the proposal to rename Nashville Airport and the current Metro Nashville Airport Authority naming policy will both be discussed at a meeting scheduled for September 17. The New York Times reported that the current policy does not allow naming a property after someone who hasn't been deceased for two years. Parton was born in 1946 in Pittman Center, Tennessee. She grew up in an?unique?cabin? in the?neighborhood of Locust Ridge. At age 13, she was performing on the Grand Ole Opry in Nashville, Tennessee. After graduating high school, she moved to Nashville and pursued a career in music. With songs like "Jolene," "Coat of many?Colors," and "I Will Always Love You," Parton became one of the best-selling female musicians of all time. She sold over 100 millions records. She was awarded 11 Grammy Awards including the Lifetime Achievement Award.
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Trans Mountain CEO: US trade dispute adds urgency to Canada’s oil pipeline plans
According to the CEO of Trans Mountain, the government-owned pipeline company, Friday's?collapse in trade talks? with the United States created an urgency? to?plan a?new oil pipeline? for Canada's West Coast. Although the project is still in its conceptual stage, both the oil producing province of Alberta and the Canadian government believe it to be in the national interest. Trans Mountain CEO Mark Maki said that the need for this project became apparent in recent weeks. Canada is the fourth largest oil producer in the world. It exports 90% of its oil to the U.S. but tensions are rising between the two countries. Last week, President Donald Trump imposed tariffs of?50% on $20 billion in Canadian goods. He also angered Canadians with an executive order declaring Lake Ontario, the body of water that spans the Canada-U.S. boundary, to be known as Lake America. Maki stated that the situation highlighted the need for Canada to diversify their exports. The west coast pipeline project would achieve this by increasing Canadian oil ships' access to Asia. "Events in the world around us have made it (the pipeline on the west coast) more urgent and I actually think that is good. He said, "It's very helpful." The 890,000-barrel-per-day Trans Mountain pipeline is the only east-west oil export pipeline in Canada. The Canadian government tripled the capacity of this pipeline in 2024. However, Canadian oil production is still growing and it's already nearly full. Trans Mountain Corp. would build and develop the proposed west-coast pipeline on a route similar to its existing pipeline with financial assistance from Alberta's Petroleum Marketing Commission and the Pembina Pipeline. The project proponents are asking Ottawa to declare the pipeline a national interest project, which will allow regulatory approvals to be expedited. Maki said Trans Mountain had to move quickly to consult Indigenous Communities and plan the route to be able to apply for regulatory approval in early 2019. Trans Mountain also works to optimize the existing pipeline by using drag-reducing agents in order to add?90,000. bpd to the capacity of the pipeline by the end of this year. The company will make a final decision on investment by the end 2026 to build more pumping station to increase 210,000 bpd capacity by the 2028. (Reporting and editing by Rod Nickel in Calgary)
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Trump Administration appeals $16 Billion Hudson Tunnel Funding Order
The Trump administration appealed on Friday a court order that required it to pay for the $16 billion Hudson Tunnel Project?after losing their latest bid to halt funding for 'the New York - New Jersey Rail Link. The project will build a new commuter train tunnel between Manhattan and New Jersey, and repair an old tunnel that is used daily by over 200,000 passengers and 425 trains. The funding dispute is a new clash between the Trump administration and the congressional Democrats on one of the largest infrastructure projects in the country. Trump has stated that he is against the tunnel which received federal support of about $15 billion under former president Joe Biden. The?U.S. The Transportation Department abruptly halted grant funding for the project on 1 October in response to a partial government shutdown that President Donald Trump blamed congressional Democrats. A U.S. court?ordered that the payments resume in February. Trump announced in October that he terminated the project citing U.S. backing. Chuck Schumer is a New York Democrat who expressed concerns over potential cost increases. The Department, which didn't comment immediately on Friday, had said that the freeze was imposed to ensure compliance with regulations prohibiting improper use of "diversity equity and inclusion" policies when funding. The heavily damaged tunnel from Hurricane Sandy in 2012 needs frequent repairs, which disrupt travel on the nation's busiest passenger rail line. Construction was temporarily halted in February, but resumed when the Trump Administration released funding that it had been withholding since October. The Gateway Development Commission which oversees the?project for New York and New Jersey has sued the Transportation Department separately in the U.S. Court of Claims, to ensure that the funds aren't frozen. Trump offered to unfreeze funds in January if Democrats would support his proposal to rename Washington Dulles Airport, and New York Penn Station. Democrats criticised the idea. The federal funding for the project has already been spent on around $2 billion.
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Serbia obtains additional sanctions waiver for Russian owned NIS oil company
On Friday, energy minister 'Dubravka Djedovic Handanovic' wrote on Instagram that?Serbia had secured a further waiver of sanctions from the United States until September 30 for its Russian-owned NIS Oil firm. The U.S. Office of Foreign Assets Control has granted a waiver to NIS, the operator of Serbia's sole oil refinery. This will allow NIS to continue importing oil until the Russian majority stake is sold by MOL, a Hungarian oil company, for a total of 51%. "The extended license allows us to continue supplying the market, while at same time working on an long-term solution (for NIS),"?Djedovic handanovic said. OFAC imposed sanctions against NIS in October last year as part of broader measures targeting Russia's energy sector due to the conflict in Ukraine. They demanded that Gazprom and Gazprom divest their combined 56% stake. This waiver is vital for Serbia, as the NIS refinery supplies around 80% or its demand. The Balkan country's other fuel imports fell to 25% of its monthly target in July due to record-low water levels on the River Danube forcing barges and tanks to operate at only a third their cargo capacity. Djedovic Handanovic said that negotiations between MOL & Gazprom Neft were in the final phase. She said without further explanation that "the new?licence is a sign of progress and a desire to provide the extra time necessary to complete this complicated transaction." OFAC granted NIS several waivers of sanctions allowing it import crude via Croatia’s Janaf pipeline while MOL completed the?acquisition following a provisional agreement in January. The Serbian Government owns 29,9% of NIS. Small shareholders and employees hold the rest. (Reporting and editing by Louise Heavens and Kirby Donovan; Aleksandar Vasovic, Angeliki Koutantou)
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Kremlin: Putin and Xi will discuss Power of Siberia 2 next week
Yuri Ushakov, Kremlin's foreign policy adviser, said that the Russian president?Vladimir Putin would meet with Chinese President Xi Jinping?on a side-line?of??the Shanghai Cooperation Organisation summit?? in Bishkek?, Kyrgyzstan?s capital. Ushakov stated that the leaders will discuss the?planned 2,600-km (1.616-miles) Power of Siberia?2 system, which is expected to transport 50 billion cubic meters (bcm),?of gas a year?to China via Mongolia?from the Arctic Gasfields. Power of Siberia 2 is stalled because of price disagreements, and the pipeline talks have been going on for many years. Putin will also meet with Turkish President Tayyip Erdoan, and he is expected to discuss with him the situation in Ukraine and at the Black Sea. The Kremlin's aide confirmed that Putin would also meet with the?Indian PM Narendra Modi and Iranian President Masoud Pezeshkian. (Reporting and writing by Anton Kolodyazhnyy; Written by Vladimir Soldatkin)
What sites have been attacked by Ukraine?
In recent months, Ukraine has intensified its attacks on Russian energy installations as the peace talks have not produced any progress.
Dmitry Peskov, Kremlin spokesperson, said that there are no dangers to the fuel supply in Russia. He was responding to a report on a drop in oil refinery in the central region of the country after recent drone attacks by Ukraine.
The following is a chronological summary of the recent attacks that followed Russian strikes against Ukrainian energy facilities and their impact.
SYZRAN
On Thursday, the Ukrainian military and President Volodymyr Zelenskiy claimed that Ukrainian drones had struck Rosneft's Syzran oil refining plant in Samara.
Two industry sources said that Syzran refinery has suspended oil refining following drone attacks in April 2018 which damaged processing equipment.
The refinery can process around 170,000 barrels of oil per day, or 8.5 million tons per annum.
According to industry sources, it will process 4.3 million tonnes of crude oil in 2024 and produce 800,000 metric tons of gasoline, 1,5 million metric tons of diesel, and 700,000 metric tons of fuel.
The Ukrainian General Staff announced on Wednesday that the Ukrainian military had struck an oil refinery owned by Lukoil near Kstovo, in Russia's Nizhny Novgorod Region.
The general staff announced on Telegram that a primary oil processing unit had been hit at the refinery. They added that the attack caused a fire.
Two industry sources said that NORSI, Russia’s fourth largest oil refinery owned by Lukoil, suspended operations as well on April 5, following an attack from a Ukrainian drone.
NORSI is the second largest producer of gasoline in Russia. It can process up to 16 million metric tonnes of oil each year or about 320,000 barrels a day.
MOSCOW
Two industry sources reported on Tuesday that the processing of oil at the Moscow refinery ceased after an attack by a drone from Ukraine over the weekend.
Sergei Sobyanin, the mayor of Moscow, said that three homes were damaged and 12 people were injured, mainly near the entrance of Moscow's oil refining plant. He said that the "technology" at the refinery had not been damaged.
Moscow's refinery is located in Kapotnya, a district of the capital, and has a capacity of 11 million tons per year.
RYAZAN
Two industry sources confirmed on Tuesday that the Ryazan oil refining plant, which represents almost 5% in total of the country's refining volume, halted processing following a drone attack by Ukraine last Friday.
According to industry sources, the refinery will process 13.1 million metric tonnes of crude oil by 2024. It will produce 2.2 million gallons of gasoline, 3.4 millions gallons of diesel fuel and 4.3million gallons of fuel oil.
ASTRAKHAN Debris resulting from a drone strike caused an fire at a gas processing facility in southern Astrakhan on May 13, according to the local governor.
The Caspian Sea plant has a capacity of 12 billion cubic meters of gas per year and 3,000,000 tons of stable condensate. The plant also produces diesel, gasoline, and liquefied oil gases.
PERM Russia’s Perm oil refining plant halted production after a drone strike on May 7, which caused a fire, and damaged equipment.
The refinery will process around 12,6 million metric tonnes of oil in 2024. That's about 250,000 barrels a day. The refinery produced 2 million metric tons of gasoline, 5 million metric tons of diesel fuel, 700,000 metric tons of coke, and 200,000 metric tons of fuel oil.
Officials confirmed that a drone attack by Ukraine caused a major oil refinery fire in Tuapse, on April 28. Two industry sources said that the refinery, which exports most of its product, stopped operations after a Ukrainian drone strike on April 16.
The company has a production capacity of approximately 12 million tonnes per year or 240,000 barrels a day. It produces fuel oil, naphtha and vacuum gasoil.
NOVOKUIBYSHEVSK The primary oil processing at the Rosneft operated Novokuibyshevsk refining plant in Russia has been stopped since April 18 following a drone attack by Ukraine, according to two industry sources.
Industry sources say that in 2024 the refinery will process 5.74 million metric tonnes of crude oil. 1.10 million tons motor gasoline. 1.64 millions tons diesel fuel. 1.27 million metric tonnes fuel oil.
UFA Ukraine’s military confirmed that it had carried out a strike on the Bashneft-Novoil oil refinery in Russia, more than 1,400 km away from the border between Russia and Ukraine.
The plant can process up to 7 million tonnes of oil per annum.
Kirishi Oil Refinery Kirishi halted its processing at the end March after Ukrainian drone attacks caused fires.
Kirishi produced 600,000 tonnes of bitumen, 6.1 millions tons of fuel oil, and 6.1 million tones of diesel last year.
UST-LUGA PLANT Novatek Energy Company suspended the processing of gas condensate and exporting naphtha at its Ust-Luga Complex after drone attacks resulted in an fire. Three market?sources' told us on March 27.
Three processing units of the Ust-Luga Complex, each with 3 million tons per year capacity, refine stable condensate to light and heavy naphthas, jet fuels, ship fuel oils and gasoil. Company data shows that in 2025 the complex will have processed 8.0 millions tons of gas condensate.
PORTS/TANKS Ukraine also attacked Russia’s ports in the Baltic and Black Seas,?including the Primorsk Port, oil tankers, and military vessels on May 3. After a drone strike on April 23, a fire broke out at a Transneft pumping station that supplies crude oil to Russia's biggest export terminal, the Baltic port Primorsk. An official with Ukraine's SBU said that Ukrainian drones attacked an oil-pumping facility and dispatch center in Russia's Samara Region on April 21. In early April, Ukrainian drones started a fire in Russia's Sheskharis Oil Terminal. Primorsk is one of Russia's biggest export ports and can handle up to 1 million barrels a day. At least 40% of the storage facilities were destroyed in a drone attack by Ukraine last month. (Reporting and Editing by Louise Heavens).
(source: Reuters)