The Ministry of Energy of Russia assures that there are no fuel supply problems due to the accident at the Tuapse plant, and the reserves are sufficient.
The Russian Ministry of Energy assures that there are no fuel supply issues due to the accident at the Tuapse plant, as it is oriented towards exports. Shulginov stated that there are no problems with fuel on the market following the decrease in exports. The question of exempting small plants from duties is being considered.
23 February 2024
The Russian Ministry of Energy does not believe that there are any issues with fuel supply due to the accident at the Tuapse oil refinery. As the plant is more oriented towards exports, there is no need to worry, stated the head of the department, Nikolai Shulginov, in front of journalists during the Energy Day at the "Russia" exhibition at VDNKh.
He also added: "After accidents at oil and gas facilities, there are no problems in the fuel market."
"Due to recent incidents at some oil refineries, we simply slightly reduced the export of oil products and increased fuel production. We are monitoring the situation. At the moment, we do not see any problems," he explained.
Shulginov also mentioned that the ministry is considering the possibility of exempting small and medium oil refineries from protective duties.
"We are discussing this issue, no decision has been made yet," he replied to a question about exempting small and medium oil refineries from protective duties.
Fuel exchange prices in Russia have remained at record highs for several months. Since September 21, the Russian government has banned the export of oil products. In early October, adjustments were made, including the introduction of a protective duty on fuel exports amounting to 50,000 rubles per ton until the end of 2025. The duty applies to enterprises with a production capacity of less than one million tons per year.
The proposal to exempt mini-oil refineries from the protective duty, considering a processing capacity of up to 500,000 tons, was made by the first deputy minister of energy of the Russian Federation, Pavel Sorokin, in a letter addressed to Deputy Prime Minister Alexander Novak.