US fighter jets escort Russian bombers over Baltic and Norwegian SeasMilitary & Defense September 21, 11:46
US wants UN Human Rights Council to serve its own political interests — Russian envoyRussian Politics & Diplomacy September 21, 9:48
Moscow warns US any shellings of Russian task force by Syrian opposition will be thwartedRussian Politics & Diplomacy September 21, 9:16
Tillerson says Trump may have decision on Iran nuclear dealWorld September 21, 7:46
Top diplomat confirms Russia’s commitment to maintaining Iran nuclear dealRussian Politics & Diplomacy September 21, 4:28
No need to review Iranian nuclear deal — MogheriniWorld September 21, 3:50
Mexico earthquake death toll tops 230World September 21, 3:15
Senior diplomat explains why Moscow did not back US declaration on UN reformRussian Politics & Diplomacy September 21, 2:20
Russia’s proposal on UN mission in Donbass still on the table, diplomat notesRussian Politics & Diplomacy September 21, 1:42
MOSCOW, May 19. /TASS/. Development of a new Russian export oil blend provisionally known as ‘Urals Heavy’ will make the price for high-sulfur feedstock cheaper without the Urals blend price increase, a representative of the Russian oil producer Bashneft told TASS on Thursday.
The Russian oil pipeline operator Transneft said earlier it proposed to the Energy Ministry to create a new Russian export oil blend provisionally styled ‘Urals Heavy’ with 2.3% sulfur content.
"If a dedicated stream for sour oil is created without special tax regimes for companies dealing with its production and refining, a threat appears of oil production drop due to lack of profit in a whole series of projects as a result of lower return on processing and sales of high-sulfur oil," the representative said.
"Creation of a new oil blend will result in lower price of high-sulfur feedstock without Urals price increase," he added.