Putin venerates St Nicholas's relics in Cathedral of the SaviorSociety & Culture May 24, 21:53
Putin points out Russia’s good relations with EgyptRussian Politics & Diplomacy May 24, 21:30
Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
Contact Group on Ukraine proposes more areas of disengagementWorld May 24, 19:39
Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
International Chekhov Theater festival opens its doors for 13th time in MoscowSociety & Culture May 24, 18:44
Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
Experts say rising military spending to push Europe to reconsider NATO’s roleRussian Politics & Diplomacy May 24, 17:56
MOSCOW, March 20. /ITAR-TASS/. Russia’s major private oil company LUKOIL opposes quotas on fuel supplies to the domestic market, LUKOIL’s CEO Vagit Alekperov told journalists.
He said he was negative about the plans since “we are working in the market after all”.
Deputy Minister of Energy Kirill Molodtsov earlier said the ministry and oil companies should sign an agreement about compulsory stocks of petroleum products for this year by the end of the week. Some have already signed the deal, he said. These would be similar to the current stocks and take into account possible consumption growth.
Last summer the ministry instructed Russian oil companies to boost their gasoline reserves from 1.25 million tons to 1.7 million tons as large volumes of petroleum products were reoriented for export. The ministry also recommended that companies to export only the remaining and give priority to the domestic market.