HomeNewsBeritaBusinessLifestyleOpinionWorldSportsPropertyEducationCarzillaGalleryVideosAccelerator

Russia may extend gasoline export permit until end-February

-

Kommersant newspaper reports that this will allow oil companies to run their refineries at the maximum rate.

0
Shares
Total Views: 1
Free Malaysia Today
Kommersant newspaper reported that the government may extend the permit for gasoline exports until Feb 28. (AP pic)

MOSCOW:
Russia’s largest oil companies may receive permission from the government to continue gasoline exports until the end of February, which will allow them to run their refineries at the maximum rate, the Kommersant newspaper reported today.

At the end of November, Russia’s government lifted a temporary ban on the bulk of gasoline exports supplied by producers, while extending the restrictions for other exporters, such as independent traders and re-sellers, until Jan 31.

Citing unidentified sources familiar with the matter, Kommersant reported that the government may extend the permit for gasoline exports until Feb 28.

The initial ban on gasoline exports was introduced in March amid a sharp rise in wholesale fuel prices and the risk of a shortage on the domestic market.

The ban does not include supplies to the Moscow-led Eurasian Economic Union of some former Soviet states as well as countries, such as Mongolia, with which Russia has inter-governmental agreements on fuel supplies.

The top gasoline producers in Russia are Gazprom Neft’s Omsk refinery, Lukoil’s NORSI oil refinery in Nizhny Novgorod and Rosneft’s Ryazan refinery.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.