Oil prices recorded $82.19 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $76.84 per barrel upon settlement on Friday, as prices achieved weekly gains of about 6%.
The United States announced the imposition of new sanctions on entities related to the Russian oil and diamond sectors, according to Cairo News Channel in its breaking news.
The newspaper “Handelsblatt”, citing government sources in Berlin, reported that the German authorities intend to seize a company affiliated with the Russian “Rosneft” company, which was previously placed under external management in Germany.
The German newspaper’s report stated: “The Federal Ministry of Economy is preparing to nationalize the oil company Rosneft Deutschland, and on Monday, the Russian company Rosneft officially participated in the hearings related to the issue.”
According to the German newspaper “Handelsblatt”, the hearings are considered a formal procedure that will be followed by the nationalization of the company, but the newspaper’s sources reported that there is no final decision yet, but Berlin opposes the principle of continuously extending the status of “external management” to the company affiliated with “Rosneft.”
Last December, Rosneft filed a complaint with the German Federal Administrative Court due to the transfer of its subsidiaries to external guardianship under the supervision of the administration of the Federal Networks Agency.
Before that, in April 2023, Rosneft asked the German Ministry of Economy to pay compensation for the losses of external management of its subsidiaries in Germany. It also filed a lawsuit against extending the external guardianship of the companies.
In September 2022, the German government transferred Rosneft Deutschland and RN Refining & Marketing to the management of the Federal Networks Agency, and acquired shares owned by Rosneft in oil refineries.
2024-02-10 11:55:00
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