Monday, July 03, 2006
Russia to boost oil refining in Q3
RBC, 03.07.2006, Moscow 10:45:55 - The Russian Industry and Energy Ministry has approved and put into effect the country's third-quarter balances of crude oil, the main types of petroleum products and gas, as well as timetables for oil transportation and transit beyond Russia's customs territory. According to the country's fuel balance divulged by the ministry's press service on Friday, Russia's main petroleum product output will rise in July-September 2006 compared to Q3 2005, despite a decrease in oil supplies to the refineries. Gasoline production is expected to increase 7.5 percent to 8.6m tonnes compared to the same period a year earlier. Russian refineries will produce 15.94m tonnes of diesel fuel (up 13.86 percent), 13.8m tonnes of residual fuel oil (up 9.52 percent), and 2.35m tonnes of jet fuel (up 2.17 percent). Domestic consumption will be up in all the main petroleum products, except jet fuel (down 6.35 percent). Gasoline exports are expected to surge 50 percent to 1.55m tonnes, and jet fuel exports will double to 0.43m tonnes.