Ukraine Winter Gas Cost to Reach $1.5 bln
The planned new gas package for Ukraine for winter will cost around 1.5 billion dollars according to German minutes from a meeting of the Council of the European Union. "The amount of gas currently stored in Ukraine is not sufficient to ensure supply for next winter," German minutes seen by Reuters reported European Commission Vice President Maros Sefcovic as saying in comments on June 8. Reporting by Markus Wacket
Iran Oil Tanker Firm Still Faces Sanctions
Iran's main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even after a top court has annulled its blacklisted status in the European Union. An interim deal between Iran and world powers signed in November has provided the Islamic Republic with some sanctions relief, helping to boost oil sales. But continued restrictions on shipping and insurance have meant that a return to Tehran's pre-sanction export level of over 2 million barrels per day (bpd) is still some way off.
