The national holding company Uzbekneftegaz and KazMunayGas have signed an agreement on cooperation in the sphere of development of joint marketing and logistics of oil products.
Petrol prices on commodity exchange grow against the background of fall in Ufa refinery’s productionEdited by Rhod Mackenzie / 2017-03-29 10:56:14
Exchange prices for petrol have reached this year's highs after a week of active growth: AI-95 on the SPMMEX rose in price to 41.2 thousand rubles per ton, AI-92 - to 40 thousand rubles (+about
"Tatneft" is potentially interested in acquiring part of the petrol stations of Lukoil, RNS reports with reference to the company's data.
The independent retailers of oil products complain of a sharp drop in the margins of filling stations: according to their calculations, in the first quarter it almost reached zero.
Oil products output in Azerbaijan in January-February 2017 fell by 6.1% to 401 mln manats against January-February 2016.
LUKOIL is considering the possibility of selling up to 30% of its petrol stations in Russia due to a drop in the profitability of the business.
The prices of petrol on the commodity exchange continue to grow against the background of the unplanned production cuts at the Ufa refinery, which now belongs to Rosneft.
The oil refinery plants of Bashneft reduced fuel production in March due to the repair works. FAS says that in early March there was a technological breakdown at the production capacities.
Due to the modernization of the oil refineries there was "a steady deficit of facilities for the production of petrol and diesel grade 5" in Russia, the head of the department of the Fede
Lukoil doesn’t plan to sell its fuel stations overseas in 2017, first Vice-President of Lukoil, V. Nekrasov, said.