... when oil prices collapsed. As for extending the application of the investment surcharge on reverse excise duty for oil until January 1, 2033, Tereshkin believes that this measure will support the industry. The investment surcharge is intended for oil refineries (ORFs) whose production of petroleum products accounts for less than 75% of the volume of primary oil processing but who invest in modernizing the refineries. In the first half of 2024, the investment surcharge accounted for 6% of subsidies ...

... organic chlorides from the Azeri Light grade entered the Baku-Tbilisi-Ceyhan (BTC) pipeline, which has been used for part of Kazakhstan's oil going to Mediterranean ports. The contamination led to serious issues: it is reported that the contaminated oil has reached several refineries (including one in Italy and processors in the Czech Republic), causing unplanned shutdowns. The most affected was Romania , which received about 92 thousand tons of oil with excessive chloride content in July. The Romanian government was forced ...

... Sergei Tsivilev, the head of the ministry. Earlier, Deputy Prime Minister Alexander Novak had mentioned the possibility of lifting the export ban on AI-92 gasoline, but only on the condition that there was an oversupply of this grade at domestic oil refineries (ORs). The export ban on gasoline was introduced in Russia in March this year, primarily as a precautionary measure to curb potential fuel price increases—not just for gasoline but also for diesel fuel (DF). Most gasoline produced in Russia ...

Surgutneftegas, one of the leading players in the Russian oil and gas sector, increased its investments to 265 billion rubles in 2023, allocating funds for the development of fields in Western Siberia, the modernization of pipeline infrastructure and oil refineries, as well as the implementation of advanced technologies and environmental programs. These strategic investments help strengthen the country's energy security, develop regions and ensure stable growth of the company, which makes it attractive ...

... August. Monitoring Exchange Fuel Sales. Regulators have intensified monitoring of petroleum product trading on exchanges. The Federal Antimonopoly Service (FAS) is considering increasing mandatory sales quotas for fuel through exchanges. Currently, oil refineries are required to sell at least 15% of produced gasoline and 16% of diesel at auction. Experts suggest increasing these norms (for example, to 30–50%) for large refineries, especially in the European part of Russia. The goal is to saturate ...