... 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 ...

... for 6% of subsidies to refineries, including the damping and reverse excise (105.8 billion rubles out of 1899 billion rubles). The problem is that sanctions on equipment supplies for ORFs have significantly complicated the modernization of Russian oil refining. Therefore, extending the investment surcharge means prolonging subsidies. At the same time, according to the expert, the measures mentioned are still under discussion and may be revised multiple times, including due to the significant federal ...

..., the experiment succeeded: AIT became a kind of "shock absorber," helping oil companies adapt to new conditions after 2022. Similar mechanisms, allowing for tax burden adjustments depending on profitability, should also be extended to oil refining. There, companies face rising costs due to extended timelines for unscheduled repairs. Sergey Tereshkin, CEO of the OPEN OIL MARKET marketplace for petroleum products and raw materials. Translated using ChatGPT

... reached 196 billion rubles in the first 11 months of 2024. However, the issue is that, since 2022, modernization of Russian refineries has faced significant challenges. The European Union and Japan imposed sanctions on the supply of equipment for oil refining, making it more difficult for companies receiving the investment surcharge to fulfill their obligations for technical upgrades. Under current regulations, refineries receiving this subsidy must commission facilities worth at least 50 billion ...

... gasoline market, where retail price growth is significantly outpacing the general inflation rate. The decline in production is linked to unscheduled repairs at refineries, the completion of which is difficult to predict due to sanctions on the supply of refining equipment. This is the key difficulty of the current fuel crisis: in order to saturate the market, fuel production needs to be ramped up. However, neither companies nor industry participants can accurately predict how long the downtime of ...