Diesel

Export of gas, oil and petroleum products from Russia reduced

In the period from January to May, the Russia's revenues from oil exports amounted to $49.07 billion, which is by 2% less than in the same period of the previous year.

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Tatneft to buy from Finnish Neste its entire retail fuel business in Russia

The Finnish Neste Corporation is selling Tatneft its retail fuel business in Russia, consisting of 75 gas stations and a terminal in St. Petersburg, Tatneft said.

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ForteInvest plans to build a hydrocracking plant at the Afipsk Oil Refinery by 2022.

The ForteInvest company (part of the SAFMAR group) will develop the Afipsk Oil Refinery and complete the modernization of the plant by 2022, the Argus agency reports citing the main shareholder of

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Orsknefteorgsintez to accelerate construction of delayed coking unit

The Orsk refinery should launch it in 2022 to fit into the tax maneuver.

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Over the week vertically-integrated companies sold 382.6 thousand tons of petroleum products on commodity exchange

The Energy Ministry of the Russian Federation has held a regular meeting of headquarters for monitoring production and consumption of petroleum products.

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Azerbaijan reduced petrol production by 4% in January-May 2019

The Baku refinery reduced production of motor petrol and increased production of naphtha in the first five months of 2019, the mass media reported.

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Independent filling stations ask the Russian Government to prevent "degradation" of fuel industry in Russia

The leadership of the Independent Fuel Union has sent a written appeal to Deputy Prime Minister and head of the domestic Ministry of Finance Anton Siluanov.

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Azerbaijan begins to produce less petroleum products

In January-May 2019, production of petroleum products in Azerbaijan made up about 1.26 billion manats. This is by 2.7% less than in the same period of the previous year.

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Government man pay for fuel supply to Far East

This should help reduce the cost of petroleum products in the region.

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