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Equinor halts trading in Russian oil

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Oilfield Technology,

Equinor has announced it will stop trading in Russian oil, following its decision in February to exit its projects in Russia.

This means that Equinor will not enter any new trades or engage in transport of oil and oil products from Russia.

Equinor has certain contractual commitments arising out of contracts entered into prior to Russia invasion's of Ukraine. This includes contracts signed in January this year, under which Equinor will receive four oil cargoes in March. Two of these are sold on to customers in Asia. The third is a naphta cargo that will be delivered to an Equinor contracted storage facility. The fourth is a feedstock cargo to be delivered at the Mongstad refinery in Norway.

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Upstream news Russia upstream news Oil & gas news