Russia, Diesel

In Q1, oil production in Russia grew by 0.6% to 136 mln tons

In January-March 2017, oil production in Russia increased by 0.6% to 136 million tons, the Federal State Statistics Service informs.

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Euro-5 petrol production made up 635.5 thousand tons in Russia last week

Last week 635.5 thousand tons of highly octane Euro-5 petrol were produced in Russia.

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The Ministry of Finance opposes the support of the Rosneft refinery at the expense of the budget.

The Ministry of Finance did not like the idea of Rosneft to support its refinery with a special tax scheme.

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In 2016, gas supplies from Russia to Belarus fell by 7% to $2.5 bln

In 2016, the cost of the Russian gas supply to Belarus decreased by about 7% to $2.54 billion compared to 2015, this follows from the Government's materials for the meeting between the Russian

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Russian FAS doesn’t like that oil companies reduce sale of fuel on commodity exchange

The Federal Antimonopoly Service (FAS) is dissatisfied with the reduction of fuel sales by oil companies at the St. Petersburg International Commodity Exchange (SPIMEX).

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Profitability of independent filling stations falls to almost zero

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.

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Lukoil considers selling a third of its petrol stations in Russia.

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.

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Dmitriy Makhonin: In Russia a surplus of capacities for the production of petrol.

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

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Ministry of Energy forecasts oil processing efficiency rise by 1.7% in 2017

The Ministry of Energy forecasts the oil processing efficiency rise by 1.7% in 2017 at the domestic oil refineries.

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