August 26, 2022 Russia-Ukraine news

French oil and gas giant Total Energy said on Friday it has completed the sale of its stake in a Russian jet fuel company.

The French newspaper made the comment after the publication of an article on Thursday The World Reporting that “the French oil and gas giant and its local partners manage the Novatek gas field whose product, once turned into kerosene, is used to fuel Russian warplanes engaged in the war in Ukraine. Terneftegaz, the company that operates the field, is 49% owned by TotalEnergies and 51% by Novatek.”

In response to the Le Monde report, TotalEnergies issued a statement on Friday saying that while Terneftegaz produces jet fuel at its Purovsky plant in western Siberia, it does not have a certificate to be sold in Russia.

The entire stabilized condensate produced at the Purovsky plant from feedstock coming from NOVATEK’s subsidiaries and affiliates, together with Terneftegas, is delivered to the Ust-Luga processing complex in the Leningrad Region. The range of products obtained during processing at the Ust-Luga complex includes jet fuel (Jet A-1) which is only exported outside of Russia and is not even certified to be sold in the country,” TotalEnergies said.

The company said media reports and calls by its joint ventures to investigate its activities and activities “have no basis in fact.”

The company then concluded that “No, Total Energy does not produce jet fuel for the Russian military.”

Following that statement, TotalEnergies also said it “sold a 49% interest in the Russian Termokarstovoye gas field to Novatek,” and that it “continues to enforce its principles of conduct.”

Meanwhile, Ukrainian Foreign Minister Dmytro Kuleba on Friday called on Total Energy to pull out of Russia.

Kuleba said via Twitter His country is “thankful to (French President) @EmmanuelMacron and the French people for supporting Ukraine,” but “against this background, it is an insult to France when French companies help kill Ukrainians and destroy our cities. @TotalEnergies, get out of Russia!” “

Earlier this year, TotalEnergies also said it would stop buying Russian oil and oil products by the end of 2022.

The company, however, said it would continue to purchase natural gas from Russia.

“Unlike oil supplies, it appears that Europe’s gas logistics capacity will make it difficult to do without Russian gas in the next two to three years without affecting the continent’s energy supply,” TotalEnergies said in a statement.

The company said the diesel produced at the SATORP refinery in Saudi Arabia will be combined with oil products from other locations.

TotalEnergies’ contract for Russian oil accounted for 12% of Russia’s diesel exports to the EU in 2021, according to the statement.

The company reiterated that it does not operate any oil or gas fields or liquefied natural gas plants in Russia and is moving towards a gradual suspension of its activities in Russia, the statement said.



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