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Saudi Aramco cuts February crude supply to several Asian refiners

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Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyers by up to a quarter while meeting requirements of at least four others, several refinery and trade sources with knowledge of the matter said on Wednesday.

This comes after Saudi Arabia pledged additional voluntary output cuts of 1 million barrels per day (bpd) in February and March under a deal between the Organization of the Petroleum Exporting Countries and its allies, including Russia, a group known as OPEC+.

Most OPEC+ producers will hold production steady in the face of new coronavirus-induced lockdowns. Global oil prices are trading at their highest since February following Saudi’s decision.

Two North Asian refiners have received a 10% supply cut from the state-owned energy giant Saudi Aramco, sources said. February allocations for at least three Indian refiners have been cut between 15% and 26%, the sources said on the condition of anonymity.

Saudi Aramco declined to comment.

Last year, the company cut June-August shipments to Asian term buyers to comply with the OPEC+ agreement.
Saudi Arabia exported about 7 million barrels per day of crude, of which around 70% landed in Asia last year, data on Refinitiv Eikon showed.

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Fire breaks out near Azerbaijan’s Hirkan National Park

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A fire broke out in the forests near the Osakucha village of Azerbaijan’s Lankaran district, Report informs with reference to the Azerbaijani Emergency Situations Ministry.

The burning territories are bordering the Hirkan National Park.

According to the ministry, the fire broke out in a mountainous area with rugged terrain.

The State Fire Service under the Emergency Situations Ministry, as well as a helicopter of the aviation department, have been involved in extinguishing the fire.

Urgent measures are being taken to put out the fire and prevent its further spread.

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Albania turns to EU for help in extinguishing wildfires

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The head of Albanian General Directorate of Civil Emergencies, Haki Çako, stated today that the operations for extinguishing the flames which have spread rapidly in some areas of the country are continuing, Report informs, citing the Albanian Daily News.

Çako noted that they have also contacted the center for responding to civil emergencies in Brussels, but an aggravated situation is present in other Balkan countries. He stated that troops of the Albanian Armed Forces were sent by helicopter to Karaburun to make extinguishing the flames possible.

"There are many forces from the ground that operate in certain units. We contacted the civil emergency response center in Brussels. Due to the aggravated situation, all Balkan countries have been affected by high temperatures that have also experienced fires. We will continue until the situation normalizes.

The operation has not started today. It has been days since it started. Today it has become necessary to intensify the human resources of the Armed Forces and increase the air force," Haki Çako said.

"With the work done and the increase of resources, we hope to keep the situation under control. Due to the difficult terrain, the operation continued yesterday and today. We intend to stop the advance of the fire," he stressed.

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Summer training period starts for Azerbaijani troops

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Per the combat training plan for 2021, the types of troops, Army Corps, formations, and military units of the Azerbaijani Army have started a new training period, Report informs, citing the Azerbaijani Defense Ministry.

The primary goals and objectives, as well as their fulfillment during the training period, were brought to the attention at the events held in military units.

In order to increase the level of combat readiness of troops, the training process in the Army will be conducted following the requirements of the Supreme Commander-in-Chief of the Armed Forces, the orders of the Minister of Defense, taking into consideration the risks and real threats on land, at sea, and in the air, as well as combat experience gained in the Second Karabakh War.

Due to the beginning of the summer training period, drill reviews were held, the condition of the material and technical base in the military units was checked.

The combat readiness training started in all military units in the first days of the summer training period.

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