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Russia to suspend gasoline exports
29.04.2011 13:53
Russia to suspend gasoline exports

Russia is going to suspend gasoline exports in May to saturate domestic market, according to Sergei Kudryashov, Deputy Energy Minister. "I think we must satisfy the need at the expense of cutting exports. We have agreed now that oil companies will supply all their oil products to the domestic market", said Kudryashov.
      The fuel crisis in Russia began last weekend in the Altai region, where many gas stations had to close, Rosneft and Gazprom Neft gas stations have been working with limits. The gas deficit later spread further, to the Siberian cities of Tomsk, Irkutsk and Novosibirsk.
      According to RIAN, "analysts said oil companies had switched fuel flows abroad where prices are rising while in Russia the government keeps a tight lid on fuel prices ahead of parliamentary elections in December and the presidential poll in March. The Federal Antimonopoly Service says it suspects a cartel agreement between large oil firms, while the Prosecutor's Office launched several cases against producers".
Author: Ksenia Dzhalagonia


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