Payments for the Damper Mechanism, Reverse Excise Tax on Oil, and Investment Premium Increased by 15% This Year Article for RBC How to Optimize Subsidies for Oil Refineries: Practical Recommendations Sergey Tereshkin's article delves into the key aspects of optimizing subsidies for oil refineries (ORs). The author provides a detailed examination of the industry's main challenges, the subsidy allocation mechanism,...

...," reflects Igor Yushkov. The head of Hungary's Foreign Ministry assured that Budapest will never give up Russian oil and gas. Hungary, Serbia, and Slovakia hold on to Russian oil because it represents the most profitable option. "Firstly, the refineries are configured for Urals-grade Russian oil. Secondly, any alternative route would incur higher delivery costs, which is a crucial factor for smaller economies. Furthermore, both the Croatian port and the pipelines to Hungary and Serbia may not provide sufficient capacity if this becomes the ...

... December 31, 2024. Initially introduced in March for a six-month period, the ban was suspended between May and July but has now been extended again to ensure stability in the fuel market during the period of increased seasonal demand and planned repairs at oil refineries. The restriction does not apply to supplies within the framework of international intergovernmental agreements, or fuel exported for personal use or humanitarian assistance. The six-month ban on gasoline exports came into effect in March, ...

... second consecutive year in spring, notes Alexander Frolov, Deputy Director General of the National Energy Institute and Editor-in-Chief of the industry media outlet "InfoTEK." Last March, they also reported on record purchases of American oil by Indian refineries instead of Russian. The reality is far from this. In reality, India started importing American oil back in 2015 when the U.S. lifted a long-standing ban on oil exports. However, over a decade of cooperation with Indian refineries, American ...

... recorded. The International Energy Agency (IEA) forecasts that the average daily consumption of diesel and gas oil will amount to 28.3 million barrels per day (bpd) by the end of this year, representing a 0.9% decrease compared to 2023. Meanwhile, new oil refineries (ORs) have been launched in Africa, Latin America, and the Middle East, further increasing the supply of diesel against the backdrop of falling demand. Russia is one of the largest suppliers of diesel fuel on the global market. For Russian ...