... Interview with Sergey Tereshkin for "RBC Companies". Does the oil products market need a marketplace? After all, there are still no striking examples of profitable B2B trading platforms in Russia. Oil products, primarily diesel fuel and gasoline, represent a vast market. For instance, they account for about 30% of the total trade turnover on the St. Petersburg International Mercantile Exchange (SPIMEX). We estimate the market’s annual volume at 6 trillion rubles, with about half traded ...

... for another category of our customers—transport companies. They receive payment after completing the delivery. However, they need fuel immediately to transport goods and passengers. Another example is private gas stations, which purchase a batch of gasoline and diesel, ranging from 5,000 to 30,000 liters, equivalent to a tanker. However, they sell it in smaller batches, so their revenue comes in over several days. Since the marketplace did not offer financing and installment plans, we were missing ...

... and risks associated with purchasing. Open Oil Market : Innovations and Transparency in the Fuel Market Open Oil Market is a Russian B2B marketplace focused on the oil products market. The platform is designed for enterprises needing large volumes of gasoline, diesel fuel, fuel oil, and other oil products. Open Oil Market emphasizes transparency and simplification of procurement processes in an industry that has traditionally been plagued by gray schemes and logistical complexities. Features and Advantages ...

... it works in practice: Listing an Offer. A supplier registers on the platform and posts information about their products: descriptions, specifications, available volumes, prices, and delivery conditions. For example, a supplier might list a batch of gasoline or diesel fuel with the price per ton. Search and Selection. Buyers find the necessary products through a convenient catalog or search feature. Users can compare prices from different suppliers, filter by quality, region, and seller rating. The ...

... military sites but also oil and gas infrastructure. On June 14, the South Pars gas field, which supplies Iran with two-thirds of its fuel, as well as a gas processing plant and a major oil depot near Tehran capable of holding nearly 260 million liters of gasoline, diesel, and aviation fuel, were struck. Additionally, a refinery south of the capital with a processing capacity of nearly 225,000 barrels per day was attacked. In response, Iran hit a refinery in Haifa with a capacity of 197,000 barrels per ...