Russia sends 94 percent of oil exports to friendly countries - Novak
Russia currently sends 94% of its oil exports to friendly countries, Russian Deputy Prime Minister Alexander Novak said at the Russia-China Energy Business Forum.
Russia currently sends 94% of its oil exports to friendly countries, Russian Deputy Prime Minister Alexander Novak said at the Russia-China Energy Business Forum.
Russia and China will continue preparing the Power of Baikal contract, with the aim of speeding up project implementation, Russia's Deputy Prime Minister Aleksander Novak said.
Oil production in Russia is currently somewhat lower than the forecast for this year due to the decrease in crude refining, but it will be ramped up as refineries are restored, Russian Deputy Prime Minister Alexander Novak said on the sidelines of the Eastern Economic Forum (EEF).
Global oil demand is recovering, as evidenced by the OPEC Secretariat and industry experts, Russian Deputy Prime Minister Alexander Novak said.
Russia has already begun importing fuel to boost supplies on the domestic market, Russian Deputy Prime Minister Alexander Novak said.
A tight fuel supply situation persists in several Russian regions, with Russia's Deputy Prime Minister Alexander Novak having ordered additional measures to ensure supply and monitor prices, the cabinet of ministers reported.
The Deputy Prime Minister also announced plans to ban diesel fuel exports
Russian Deputy Prime Minister Alexander Novak and Turkish Energy Minister Alparslan Bayraktar met in Moscow on Thursday.
Government measures to stabilize the fuel market are yielding results, with retail restrictions already being lifted in several regions, the number of operational filling stations growing, and queues shrinking, Russian Deputy Prime Minister Alexander Novak told the Vesti news program.
Russian authorities have imposed a ban on diesel fuel exports to increase supplies to the domestic market, Deputy Prime Minister Alexander Novak announced at еру meeting between President Vladimir Putin and the cabinet.
Russia’s fuel market situation remains tough, given summer peak demand and unscheduled oil refinery repairs, Russia's Deputy Prime Minister Alexander Novak at a meeting at the government's situation center.
Russian Deputy Prime Minister Alexander Novak has instructed oil companies to ensure additional fuel supplies to rapidly meet domestic demand in the regions, according to a statement by the cabinet of ministers following a meeting chaired by Deputy Prime Minister on the situation in the fuel market.
Sufficient fuel volumes have now been secured in Russia to supply the domestic market, Russia's Deputy Prime Minister Alexander Novak said.
The latest meeting on the fuel market situation held by Russia's Deputy Prime Minister Alexander Novak focused on organizing fuel supplies within the framework of northern deliveries, the government's press service said.
Russia' Deputy Prime Minister Alexander Novak instructed officials to prepare a balanced action plan for fuel supply in its domestic market.
The situation in the domestic fuel market remains stable, with prices at gas stations of vertically integrated companies and most stations rising in line with inflation, Russian Deputy Prime Minister Alexander Novak said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
The global oil market is experiencing a deep crisis, with large volumes of oil not reaching the market, Russian Deputy Prime Minister Alexander Novak said.
The volumes of Kazakh oil earlier transported to Germany over the Druzhba oil pipeline will go to other destinations from May 1, Russian Deputy Prime Minister Alexander Novak said.
Russian liquefied natural gas (LNG) is in demand on global markets amid gas shortages due to the Middle East conflict, Russian Deputy Prime Minister Alexander Novak said.
Russian Deputy Prime Minister Alexander Novak on Friday instructed the energy ministry to draft a resolution banning gasoline exports from April 1, the Russian government said.