Gazprom Neft company considers it unnecessary to impose additional restrictions on fuel exports from Russia. This was stated by the head of the company Alexander Dyukov at the international exhibition and forum “Russia” on the sidelines of Energy Day. TASS.
According to him, there is now excess supply in the market; production volumes exceed consumption volumes. “There is no need for new restrictions,” the senior executive emphasized.
Dyukov also noted that Gazprom Neft has already implemented the government’s recommendation to increase its oil refinery. In addition to this figure, gasoline and diesel production will continue to increase until the end of the year.
“We have planned and already significantly increased refining volumes as well as production of light oil products (diesel and gasoline). We will continue this work,” Dyukov said.
Before that, Russian Deputy Prime Minister Alexander Novak reportedThanks to government measures, fuel prices in Russia remain stable. In his article for Energy Policy magazine, he emphasized that the increase in world oil prices last year caused fluctuations in the fuel market. Measures, including an export ban and export taxes, were implemented to stabilize the situation.
Previously, the Ministry of Energy reported that it did not expect a decrease in Russia’s oil production in 2024.