Russian-British joint venture TNK-BP has no plans to build oil refineries in Eastern Siberia or the Russian Far East despite Prime Minister Vladimir Putin\'s call on oil companies to build refineries in the region to reduce fuel prices, Deputy CEO Maxim Barsky said on Monday. \"We have no such plans in Eastern Siberia. As for refineries, we are well represented in the central region. Our oil refinery in Khabarovsk in the Far East is being modernized, Rosneft plans to build a refinery there. I think the market will be saturated in the next five years,\" Barsky said. The government boosted gasoline export tariffs to 44 percent from May 1 to fight local shortages which started in April in some regions. Russian oil companies preferred selling gasoline abroad where prices are higher than in Russia, where the state has capped prices. The Federal Antimonopoly Service has accused large oil companies of price collusion. It has ordered them to bring wholesale fuel prices down in line with market prices and warned that it may launch new investigations into price fixing.
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrelMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor