Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
Astronauts to make quickest trip ever to ISS in DecemberScience & Space September 22, 16:27
Russian frigate Admiral Essen returns to Crimea after mission in MediterraneanMilitary & Defense September 22, 16:24
Experts believe Russia not ready for crypto assetsBusiness & Economy September 22, 16:09
Trump vows to put North Korean leader to testWorld September 22, 15:56
Russia's top diplomat presents UN chief with film about him made by TASSSociety & Culture September 22, 15:43
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.