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Free AccessKirishi Refinery Faces Overstocking
The Kirishi oil refinery near Russia’s Baltic coast is still facing diesel overstocking issues due to the country’s short-term ban on exports of the road fuel, according to Tass, citing Vladimir Bogdanov, CEO for Surgutneftegas.
- The refinery usually exports most of its diesel but the current governmental rules to supply 50% of its diesel to the domestic market caused overstocking.
- "Now the main task is to fill up the domestic market. We are all in favor; we are ready. But some are already overstocked," Bogdanov said.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.