Kiev military launch more than 200 shells, destroy house in DonbassWorld October 23, 11:10
Rescuers evacuate 15 people from house hit by gas explosionSociety & Culture October 23, 11:07
Russian health minister says producing vaccines in Nicaragua is "very profitable"Society & Culture October 23, 7:36
Russia, EU should set up strategic planning committee — former foreign ministerRussian Politics & Diplomacy October 23, 6:07
DPR to raise issue of Ukrainian forces’ shellings in DPR’s south — envoyWorld October 23, 5:06
Georgia’s Orthodox patriarch to visit Moscow to mark Russian patriarch’s 70th birthdaySociety & Culture October 23, 4:21
Iraqi forces enter last settlement on northern approaches to Mosul — mediaWorld October 23, 3:56
Azerbaijan’s president says his country will not increase oil outputBusiness & Economy October 23, 3:29
Second round of parliamentary election to be held in Lithuania on SundayWorld October 23, 2:49
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.