Watchdog mulls full cease of gasoline exports with some oil firms - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Watchdog mulls full cease of gasoline exports with some oil firms

MOSCOW, Aug 23 (PRIME) -- RussiaТs Federal Antimonopoly Service is discussing with oil companies the possibility of fully ceasing gasoline exports due to autumn repairs at oil refineries, and oil major Surgutneftegas is ready to relocate additional volumes of gasoline from exports to the domestic market, Dmitry Makhonin, director of the serviceТs regulation department, told PRIME on Thursday.

УWe have companies, with which we are discussing a full cease of export supplies, despite the fact that the export market is much more premium than the domestic market. The situation was studied in details at a meeting chaired by Deputy Prime Minister Dmitry Kozak yesterday (Wednesday). A task has been set not to reduce vigilance in terms of control over the price situation. We will constantly work with companies in order that supply on the market is acceptable, we will daily monitor the situation,Ф he said.

Such a decision was already made by Surgutneftegas, Makhonin said. УThe company will now re-orient to the domestic market and will sell goods at exchange auctions, including at an additional trade session. The company is able to ensure additional around 100,000 tonnes to the domestic market. This is a good volume Ц it will be able to compensate for a shortfall in volumes on repairs and etc. The period is until the end of September, as several repairs at oil refineries are planned for September,Ф he said.

Repairs in autumn are planned at LukoilТs refinery in Nizhny Novgorod, but the company has accumulated sufficient volumes of fuel and will not reduce supply, Makhonin said. Oil major Rosneft will finish repairs at the Kuibyshev and Achinsk oil refineries ahead of schedule and will thus raise supply volumes, including at exchange auctions.


23.08.2018 13:13
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.8427 -0.1227 23 may
USD 64.4156 -0.1216 23 may
Stock Market Indices
1D 1W 1M 1Y
rtsi 1292.79 +1.07 18:50 22 may
micex 2638.71 +0.85 18:50 22 may
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 208.10 +0.14 18:49 22 may
lkoh 5317.50 +0.33 18:47 22 may
rosn 414.00 -0.47 18:48 22 may
sber 235.86 +1.35 18:49 22 may
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.9225 -0.0725 14:59 22 may
USDTD 64.4775 +0.0400 17:44 22 may