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19

Reduction of mineral oil export

In connection with approach of winter and growth of demand for mineral oil on the internal Russian market, it is necessary to reduce a share of their export. During session of the governmental commission on questions of use of main oil pipelines and mineral oil it was agreed to toughen the conditions of mineral oil export from November 1, 2002.

In connection with approach of winter and growth of demand for mineral oil on the internal Russian market, it is necessary to reduce a share of their export. During session of the governmental commission on questions of use of main oil pipelines and mineral oil it was agreed to toughen the conditions of mineral oil export from November 1, 2002.

Such provisional measures targeted at the winter period, should provide more stable situation on the home market. Vice-premier of the Russian government, Victor Hristenko, has informed, that, having analyzed the situation on the home market of mineral oil, members of the commission have decided not to enter the balance tasks for deliveries of black oil.

Under forecasts of analysts, toughening of export conditions is not capable of preventing shortage of mineral oil in the internal Russian market. Even after introduction of the prohibitive export duty on black oil (20 euros per ton) the companies continued to export about 60 % of produced black oil.

Introduction of more strict measures is necessary. Ministry of the Energy Generating Industry has offered the government at the beginning of autumn to introduce balance tasks for petroleum companies on deliveries of black oil to the home market, that is to leave in the country 80 % of black oil. Introduction of balance tasks is not a market method, but it is necessary because of unstable condition of fuel supply connected to preparation for winter, there is deficiency of this product in the country, and demand considerably exceeds the offer.

Author: Sergei Zanin

Source : Neftegaz.ru