... what challenges lie ahead for exporters? Read more in our article! India will remain the largest maritime importer of Russian oil in the coming years, partly due to the potential for growing demand, Sergey Tereshkin, General Director of the OPEN OIL MARKET marketplace for petroleum products and raw materials, told Izvestia on October 30. "The role of India in Russian oil exports continues to grow. In September 2022, maritime shipments of oil from Russia to India amounted to 850,000 barrels per day (b/d), increasing to 1....

... sanctions pressure and hints at measures against China following India. Simultaneously, global oil prices remain relatively stable in the mid-$60 range per barrel, reflecting a balance between risks and OPEC+ efforts. In Russia, exchange prices for petroleum products have reached historic highs despite a ban on fuel exports and subsidies – the government is preparing new steps to stabilize the domestic market. Europe is rapidly filling its gas storage facilities for winter, utilizing the influx of LNG and alternative supply routes. At the same time, the global energy transition is gaining momentum, although short-term needs are forcing several countries ...

... the main areas of capital investment of Russia's largest gas company, from strategic production projects in Yamal and Eastern Siberia to the expansion of the pipeline network... ... gas transportation systems, which connects the main fields with domestic and export markets. Power of Siberia: The pipeline, more than 2,200 km long, supplies gas to China... ... products. Urengoy Condensate Processing Plant: A leading manufacturer of liquefied petroleum gases and other processed products. 5. Energy infrastructure Gazprom actively...

... exporters, but does not fundamentally change the situation regarding export flows," he says. Ban on Products from Russian Oil Most of the announced sanctions measures will be difficult to administer, believes Sergey Tereshkin, CEO of the Open Oil Market platform. "Sanctions against the 'shadow fleet' and the ban on imported petroleum products from countries processing Russian oil are hard to monitor," he says. "Therefore, the impact of these measures, despite their apparent severity, will not exert a serious deterrent effect." The partial import limitation on petroleum ...

... until December 31, 2024. Initially, these rules were scheduled to come into effect on September 1, 2024. This decision allows petroleum products to retain priority in railway transportation, which is particularly important given the ban on gasoline exports introduced ... ... what lies behind this bureaucratic phrasing, and how will the industry react? Vgudok spoke with players in the rail freight market to find out. The decision to extend the current NDA Rules until the end of 2024 may have been influenced by the ban ...