Page 14 - EurOil Week 24 2021

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Turkish Petroleum is widely seen as not Minister in charge of Economic Affairs, per barrel of oil equivalent produced, or
having the technical prowess to exploit the Fatmir Bitiqi, said that the investigation is around 2.5% of the global average, Lundin
discovered gas without assistance from a just the beginning of a more detailed probe said.
more big energy industry player. into oil products imported over the past 10 “Lundin Energy has then taken the further
years. step to neutralize net residual emissions
He underlined that all those responsible using high quality, natural carbon capture
North Macedonia fines for the irregularities will be held projects,” the company said in a statement on
Wednesday.
accountable, be it an institution or a
seven firms following company. planting projects to neutralize such emissions.
It has previously said it will use tree-

OCCRP investigation into Lundin raises oil output Sverdrup will be certified as carbon neutrally
“All future net production from Johan
dirty oil imports Swedish oil firm Lundin Energy raised its produced by Intertek under its CarbonZero
standard,” Lundin said.
North Macedonia’s authorities fined full-year production forecast on Monday and Intertek Group, which provided Lundin’s
seven companies following media reports said output had exceeded forecasts at all its key certification, is involved in testing and
about the low quality of imported oil, fields. inspection and verification to ensure that
the Organised Crime and Corruption The company now expects daily output products meet quality, safety, environmental
Reporting Project (OCCRP) said on June for 2021 to average between 180,000-195,000 and other standards for clients including
11. barrels of oil equivalent per day (boed), up Carrefour, ConocoPhillips and Unilever.
OCCRP recalled that the story from the original guidance of 170,000-190,000 Lundin holds a 20% stake in Equinor-
published with its Macedonian partner boepd. operated Johan Sverdrup, western Europe’s
IRL in May revealed that highly polluting, A scheduled increase in output at western largest oilfield with daily output of 535,000
chemical-laden oil imported by two Europe’s largest oilfield, Norway’s Johan barrels of oil equivalent per day. The other
companies is being burnt in the heating Sverdrup, had gone more rapidly than owners are Aker BP, TotalEnergies, and
systems of public institutions. expected, Lundin said in a statement. Petoro.
North Macedonia’s government Operator Equinor holds a 42.6% stake in
instructed the relevant institutions on June Sverdrup, Lundin Energy has 20%, Petoro
1 to scrutinise imports of fuel oil following holds 17.36%, Aker BP owns 11.57% and LNG carrier Aristarchos
reports that it had failed to stop the entry TotalEnergies has 8.44%.
of dirty oil from EU member countries. delivered to Capital Gas
The cases were reported to the Public
Prosecutor’s Office and the requests for Lundin sells ‘carbon Aristarchos is an LNG tanker with a cargo
stripping their licences were filed, OCCRP capacity of 174,000 cubic metres.
said. neutral’ oil to South Korea’s The vessel is propelled with XDF engines,
The seven sanctioned companies GTT‘s MKIII FLEX containment system,
include Evrotim and RKM DOOEL – firms GS Caltex and equipped with an air lubrication system
OCCRP and IRL wrote about in May. and increased filling limits (more than 99 per
The government investigation also Lundin Energy has sold an oil cargo certified cent).
found that another five firms had violated as carbon neutral at the point of production It is the third of seven sister ships to be
various rules and standards: Pertinaks- to South Korean refiner GS Caltex in the delivered between 2020-2023.
Skopje, Supertrade, Li-oil DB Kavadarci, first such sale of crude from Norway’s Johan The 299 metres long ship is under a six-year
Blue Technologies and Ka-oil Energija Sverdrup field, the Swedish company said on charter with U.S. LNG company Cheniere,
Kavadarci. June 16. which is set to receive another two newbuild
“We impose a ban for operation, Oil companies are increasingly seeking to carriers in August this year.
sales of fuel oil and we will file requests market their products as cleaner in an effort Capital Gas Ship Management is currently
for revocation of licences. Seven of the to secure a future for the fossil fuel industry managing a fleet of seven LNG carriers, four
companies were fined a total amount of when investors, activists and regulators under construction and three trading, with a
€55,510,” Deputy Prime Minister in charge demand action to halt climate change. total carrying capacity of approximately 1.2
of fighting against crime and corruption Lundin said its crude from the Sverdrup million cubic metres.
Ljupco Nikolovski said on June 9. field had been certified by Intertek Group, The Greek company received its first
The firms were fined for various which earlier this year also gave its stamp of newbuild in November (Aristos I), followed
violations of the law and regulations. approval to the oil firm’s first carbon-neutral by the second in January (Aristidis I), both
Nikolovski added that all findings have cargo from a different North Sea field. chartered to BP.
been submitted to the Public Prosecutor’s The oil will be counted as carbon neutral Capital Gas is set to receive a further three
Office for further processing and from exploration, development and so-called LNG carriers from Hyundai Heavy Industries
determination of criminal responsibility. scope 1 and 2 emissions, but the major in August and September, followed by one
The Energy Regulatory Commission emissions caused by the oil’s final use, or scope more in January 2023.
launched procedures to revoke the licences 3 emissions, are not included.
of four of those companies, including The Sverdrup oil platforms are powered by
Evrotim and RKM DOOEL. hydroelectric electricity from land and thus
North Macedonia’s Deputy Prime only emit 0.45 kilograms of CO2 emissions

P14 www. NEWSBASE .com Week 24 17•June•2021