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Not Much Fire: Why the Government Banned Gasoline Exports
... the domestic market."
According to Titov from IEF, the one-month ban may be related, among other things, to maintenance at the Kirishinefteorgsintez refinery owned by Surgutneftegas (
KINEF
), the second-largest enterprise in Russia with an oil refining capacity of 21 million tons per year. The plant has always been a major exporter and producer of gasoline. According to Titov, scheduled repairs began at the facility in July. "While the plant is under repair, it won't incur losses from ...
Why is the rise in fuel prices at gas stations accelerating despite the decrease in stock exchange prices?
... the market was saturated with products.
As noted by Yuri Stankevich, Deputy Chairman of the State Duma Energy Committee, the "cooling of prices" in the wholesale segment will likely continue until spring, unless an emergency occurs in oil refining, such as an accident. The situation repeats every year and is driven by seasonal demand reduction. By the end of February, exchange prices will likely begin to rise again.
However, exchange rates and wholesale prices only concern industry ...
Internet Initiatives Development Fund (IIDF): The Leading Russian Accelerator for Startups
... offered in exchange for equity in the company, allowing startups to raise funds for product development, testing, and market entry.
Acceleration and Incubation Programs
IIDF offers acceleration programs that help startups speed up their development, refine products, and prepare for fundraising. During these programs, participants receive training, access to experts, and opportunities for collaboration with major corporations.
Educational Programs and Mentorship
The fund conducts training for startups ...
The factor that has been determining gasoline prices in the U.S. for 30 years has been revealed.
... of the oil refineries in the U.S. are located on the Gulf of Mexico coast, while a major demand center remains the East Coast states, which are large importers of fuel.
In 2023, 52.6% of the retail gasoline price was attributed to the cost of oil; refining costs accounted for 18.7%, federal and state taxes accounted for 14.4%, and distribution and marketing costs accounted for 14.3%, he explained.
As of November, when the average WTI oil price at the Cushing terminal was $70 per barrel, the ...
An expert listed the benefits of reducing fuel excise taxes.
... Tereshkin, CEO of the fuel marketplace "Open Oil Market" (Skolkovo resident), who spoke with RIA Novosti.
The Ministry of Energy and the Ministry of Finance will work on existing and additional measures to maintain the profitability of oil refining, said Pavel Sorokin, first deputy minister of energy, on Wednesday.
"To stop the rise in prices, not only prohibitions are needed, but also measures that would allow for an increase in the profitability of production and sale of petroleum ...