French oil and gasoline large TotalEnergies mentioned 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 large and its native accomplice Novatek handle a gasoline area whose product, as soon as remodeled 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.
“The whole thing of steady 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 consists of 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 mentioned.
The corporate mentioned the media reviews 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 ideas of conduct.”
In the meantime, Ukrainian International Minister Dmytro Kuleba on Friday referred to as on TotalEnergies to drag out of Russia.
Kuleba mentioned through Twitter that his nation is “grateful to (French President) @EmmanuelMacron and the French folks for supporting Ukraine,” however “towards 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, mentioned that it’ll proceed to buy pure gasoline from Russia.
“In contrast to oil provide, it seems that Europe’s gasoline logistics capacities make it troublesome to do with out Russian gasoline within the subsequent two to a few years with out affecting the continent’s vitality provide,” TotalEnergies mentioned in an announcement.
The corporate mentioned it would 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 does not function any oil or gasoline fields or liquified pure gasoline crops in Russia and is transferring towards a gradual suspension of its actions in Russia, in line with the assertion.
