The Repsol-NEO statement added, “Aligned with market standards in the UKCS, Repsol E&P will retain a [decommissioning] funding commitment up to a nominal amount of $1.8 billion, representing approximately 40 percent of the decom liabilities related to its legacy assets. Repsol E&P will continue to provide decommissioning security for existing Repsol E&P legacy assets”.
“With the entry into operation of the Ravenna terminal, we are adding another fundamentally important element to the process of securing the country’s energy supply, which began in the aftermath of the Russian-Ukrainian crisis and has been made possible by the joint efforts of institutions and companies at both [the] national and local level,” Snam CEO Stefano Venier said. “We are not only keeping on schedule, we are also showing that this can go hand in hand with environmental protection and monitoring”.
The Nigerian National Petroleum Company (NNPC) Ltd on Tuesday announced that it has began operation of the Port Harcourt Refinery and delivering petroleum products onto the market.