The Organization of Arab Petroleum Exporting Countries published indices of oil prices, its derivatives, and natural gas prices today, Tuesday, as Brent crude for March delivery reached $88.39 a barrel, WTI recorded $81.84 a barrel, and the average OPEC basket of crudes recorded $80.62 a barrel for January. 2023.
The CEO of the Italian oil and gas company Eni, Claudio Descalzi, said that his country should get rid of its dependence on Russian gas imports by the winter of 2024/2025.
“I am optimistic that we will be able to reduce Russian gas supplies to zero in the winter of 2024-2025,” Descalzi added, during a visit to Algeria with Italian Prime Minister Giorgia Meloni, according to the Italian news agency ANSA. He continued, “I would say that if we continue in this way, things will move in the right direction.”
Italy has signed agreements with several countries to promote alternative energy sources since the Russian war in Ukraine, and Algeria has replaced Russia as the largest supplier of gas to Italy.
Cairo News Channel highlighted the continuation of the Russian-Ukrainian war, as Cairo News Channel reported the press conference of Josep Borrell, foreign policy official in the European Union, where Josep Borrell confirmed that Europe’s aid to Kiev amounted to 49 billion euros.
And the foreign policy official in the European Union added, during a press conference, that Russia is losing $ 40 in the price of a barrel of oil, pointing out that Russia sells its oil at a 50% discount due to the sanctions.
And the foreign policy official in the European Union continued: Russia did not send any signal of its desire for peace, adding: Our assistance to Ukraine amounted to 49 billion euros.
The European Union’s foreign policy official said that there is an agreement to send a seventh package of military aid to Ukraine, continuing: We will support Ukraine no matter how long it takes.
The European Union’s foreign policy official stated that Russia decided on war and violated international law, continuing: We will continue to support Ukraine’s proposal for a just peace based on its territorial integrity and internationally recognized borders.
For his part, Salama Atallah, Cairo News correspondent from Brussels, said that the meeting of European foreign ministers, today, Monday, seeks to provide 500 million euros to support Ukraine militarily, which met with almost European approval and will be approved soon.
Atallah added that Europe is trying to besiege Russia and isolate it from the world, by approving a new package of sanctions against the Russian economy.
He explained that Europe is working to exhaust the Russian forces in the Ukrainian battle, which serves European strategic policy.
He added that the European Union freezes more than 300 billion dollars of Russian funds, but it cannot use that amount, because it is illegal and will lead to a disaster greater than war.
He pointed out that Europe has a clear goal, which is not to allow Russia to win in Ukraine, and to achieve that goal, Europe will pay dearly.