French oil and gasoline big TotalEnergies stated Friday it full the sale of its stake in a Russian firm producing jet gasoline.
The remark adopted the publication on Thursday of an article by the French newspaper Le Monde reporting that the “French oil and gasoline big and its native companion Novatek handle a gasoline area whose product, as soon as reworked into kerosene, is used to gasoline Russian fighter planes engaged within the battle in Ukraine. Terneftegaz, the corporate that runs the sphere, is 49% owned by TotalEnergies and 51% by Novatek.”
In response to the Le Monde report, TotalEnergies issued an announcement Friday saying that whereas Terneftegaz produces jet gasoline at its Purovsky plant in western Siberia, it doesn’t have the certification to be bought inside Russia.
“Everything of secure condensate produced on the Purovsky Plant from the feedstock coming from NOVATEK’s subsidiaries and associates, together with Terneftegas, is delivered to the Ust-Luga processing complicated within the Leningrad Area. The vary of merchandise derived throughout processing on the Ust-Luga Advanced contains jet gasoline (Jet A-1) that’s solely exported exterior Russia, and it doesn’t even have the certification to be bought contained in the nation,” TotalEnergies stated.
The corporate stated the media experiences and calls to analyze its actions and actions by its joint corporations have “completely no foundation actually.”
The corporate then concluded that “no, TotalEnergies doesn’t produce jet gasoline for the Russian military.”
Following that assertion, TotalEnergies additionally that it bought “its 49% curiosity within the Russian Termokarstovoye gasoline area to Novatek,” and that it “continues to implement its rules of conduct.”
In the meantime, Ukrainian Overseas Minister Dmytro Kuleba on Friday referred to as on TotalEnergies to drag out of Russia.
Kuleba stated through Twitter that his nation is “grateful to (French President) @EmmanuelMacron and the French folks for supporting Ukraine,” however “in opposition to this background, it’s a shame to France when French corporations help the homicide of Ukrainians and the ruining of our cities. @TotalEnergies, pull out of Russia!”
Earlier this 12 months, TotalEnergies additionally said that it could cease shopping for Russian oil and oil merchandise by the top of 2022 on the newest.
The corporate, nevertheless, stated that it’s going to proceed to buy pure gasoline from Russia.
“Not like oil provide, it seems that Europe’s gasoline logistics capacities make it tough to do with out Russian gasoline within the subsequent two to 3 years with out affecting the continent’s power provide,” TotalEnergies stated in an announcement.
The corporate stated it’s going to mobilize oil merchandise from different locations, particularly diesel produced by the SATORP refinery in Saudi Arabia.
TotalEnergies’ contracts for Russian oil accounted for 12% of Russia’s diesel exports to the European Union in 2021, in line with the assertion.
The corporate reiterated that it would not function any oil or gasoline fields or liquified pure gasoline vegetation in Russia and is shifting towards a gradual suspension of its actions in Russia, in line with the assertion.
