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The budget payments to oil workers will be divided by fuel types.
Comment for "Rossiskaya Gazeta":
The Russian government plans to change the mechanism of compensation payments to oil companies for fuel supplies to the domestic market by separating them according to fuel types—gasoline and diesel. This will prevent a situation where an increase in the price of one type of fuel results in the cancellation of compensation for the ...
RIA Novosti/Prime: "Oil Resource Group Plans to Go Public in 3-4 Years"
The trading group of companies "Oil Resource Group" plans to go public with an initial public offering (IPO) in three to four years, CEO Sergey Tereshkin told journalists.
The CEO of "Oil Resource Group," Sergey Tereshkin, spoke about the company's preparations for ...
Not Much Fire: Why the Government Banned Gasoline Exports
... Forbes investigates how the government is manually attempting to manage gasoline prices.
The government has prohibited gasoline exports from August 1 to 31, extending this ban to major producers, although previously it only applied to traders and smaller oil refineries (OR). "The decision was made to maintain a stable situation in the domestic fuel market during the period of high seasonal demand and agricultural fieldwork," states a
government decree
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Prices Increased by 36%
The price of ...
Regulatory Costs: Can the Rise in Gasoline Prices Be Stopped? (FORBES)
... Russia. Fuel producers are compensating for their costs at the expense of consumers, while regulators are discussing various measures to stabilize the situation, including extending the export ban. However, according to Sergey Tereshkin, CEO of Open Oil Market, the problem can only be solved by significantly increasing the standards for selling gasoline through the exchange.
Gasoline Prices Are Rising Again in Russia
Fuel producers are passing on their costs to consumers, while regulators discuss ...
Gasoline prices are still rising at gas stations, but they are already decreasing on the exchange.
... prices in Russia tend to respond only to prolonged and significant upward or downward movements in exchange quotes. Therefore, it is unlikely that retail prices will start falling as early as next week.
As noted by Sergey Tereshkin, head of the OPEN OIL MARKET fuel marketplace, exchange prices for fuel have only an indirect impact on retail prices. Over 80% of gasoline sales occur in the off-exchange segment—shipments from refineries and oil depots.
Fuel station prices depend more on taxes and ...