CRUDE OIL

What Happened: Germany has dropped its opposition to a Russian oil embargo as long as it has enough time to wind down imports and find alternatives, The Wall Street Journal reported April 28. On April 27, Germany's economic minister announced that the country had struck a deal with Poland to increase oil imports through the Polish port of Gdansk, which is equipped to handle supertankers and has a pipeline that can send crude oil to a German refinery in Schwedt on the German-Polish border.

The STAR refinery of the State Oil Company of Azerbaijan has tested 28 different types of crude oil, head of the SOCAR Turkey Refinery and Petrochemicals Business Unit, director general of Petkim petrochemical complex Anar Mammadov said at a press conference for the Azerbaijani reporters.

Mammadov said that today the refinery buys oil mainly from Kazakhstan, Russia, Norway, as well as from Tunisia, Morocco, and the Mediterranean countries.

Azerbaijan will become Italy’s largest energy supplier with commissioning of the Trans Adriatic Pipeline (TAP), the final leg of the Southern Gas Corridor, said Azerbaijan’s ambassador to Italy Mammad Ahmadzade, “Trend.az” reports.

He said in an interview with Askanews that 2019 was an important year, as TAP’s construction in Italy continued and the final permissions for the project’s implementation were acquired.