Czech Republic to End Russian Oil Imports by Next Summer

The Czech Republic will phase out Russian oil imports by July 2025, Deputy chairman of the statement pipeline company MERO suggested on Friday. The move is part of the country's energy diversification journey, although it hinges on the completion of a $60 million upgrade to the Trans Alpine (TAL) pipeline. The upgrade will double TAL's capacity to 8 million tonnes per year, enabling increased shipments of alternative crude blends from Latin America, Saudi Arabia, and the North Sea--making the shift away from Russian oil simpler. The move is...