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Exclusive: Belgium drafting new fuel quality law targeting African exports

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Belgium's environment and energy ministries are planning to submit draft legislation to tighten the quality of exported fuels, its officials told Reuters, mirroring a similar move by the Netherlands earlier this year.

The draft is expected to be ready within two weeks and, barring any major political hurdles, could become law by February next year, the environment ministry told Reuters.

The Amsterdam-Rotterdam-Antwerp hub is the world's leading gasoline exporting region, LSEG data shows, and hosts some of Europe's largest oil refiners.Portugal's Novo Banco will be operationally prepared for a potential initial public offering in the first half of 2024, CEO Mark Bourke told Reuters on Tuesday, adding though that the market's opening to new listings has suffered a setback.

 

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