Main page > Products > The fuel and energy complex of Russia - Series of analytical reports > Oil refining: huge plans

Oil refining: huge plans

The necessity to develop oil processing in Russia has been spoken about over the past 15 years, but the situation began changing just not long ago.

Russian oil majors have started implementing ambitious programs of upgrading and building new oil refining capacities.

The state is trying to encourage this process, which is testified to by taxation policies and a ban on consuming the Euro-2 standard fuel that has come into force lately.

However, the question is about the strategy of oil refining development: what are the long-term plans of the state and companies? There is a feeling that many decisions are made intuitively without scrupulous consideration of consequences.

Key topics of the report:

  • Main players

    • Layout of forces in the Russian oil refining sector
    • Structure of production of oil products and changes in it
  • Main plans

    • Reported investments in refining
    • Key projects
    • Modernization of facilities
  • Main strategies

    • Choice between domestic market and exports
    • Rise in diesel exports to Europe, expediency of such policy
  • Fiscal policy in the oil refining sector

    • The 60-66-90 system, consequences of application
    • Ňew taxation solutions and their objectives
  • Pricing on domestic market

    • State policy towards VIOC
    • Antimonopoly cases, real consequences
  • Medium-term forecast of developments


Date of release: November 19, 2013

If you are interested to obtain please contact » Elena Kim

Other issues:
Bookmark and Share

Analytical series “The Fuel and Energy Complex of Russia”:

New OPEC+ Deal and Future of Oil Business in Russia
Gazprom on the background of external and internal challenges
Regulation of Oil and Gas Sector in 2019 and Prospects for 2020
Fiscal Policy on Oil and Gas Sector: Revised as Often as Wikipedia
The tax system in the oil and gas sector continues to undergo radical changes. The beginning of 2019 saw the introduction of a new tax regime: additional income tax. That experiment was supposed to start migration of the oil industry to an innovative principle of taxation: on profit, not revenue. It seemed that a new main road was found. In the same year, however, the Finance Ministry launched an overt offensive against AIT. The fear of loss of government revenue now is more powerful than the threat of causing oil production to collapse in the medium term because of a tax system that does not stimulate investment. The Finance Ministry would strongly prefer to speed up the tax manoeuvre completion that earns the state budget additional money. Oil and gas companies respond to this with individual lobbying, attempting to wangle special treatment for their projects.
Ukrainian Gas Hub: Climax at Hand
The “zero hour” comes in less than a month: the contracts for gas transit through Ukraine and for supplying Russian gas to the country terminate at 10 am on 1 January. Meanwhile, Gazprom and Naftogaz are very far from looking for a mutually acceptable solution. The entire European gas business is watching intently the negotiations between Russia and Ukraine. Everyone is waiting for a new “gas war”: the January 2009 events proved to be a serious test both to European consumers and to Gazprom as a supplier. Is there still a chance of agreement? If there is not, will Gazprom cope with its obligations to deliver gas to Europe? Is Russia bluffing as it assures that the new infrastructure and gas in underground storage facilities will enable it to get by without Ukrainian transit even as soon as this winter? What will happen to Ukraine itself at the beginning of 2020?

All reports for: 2015 , 14 , 13 , 12 , 11 , 10 , 09 , 08 , 07

Rambler's Top100
About us | Products | Comments | Services | Books | Conferences | Our clients | Price list | Site map | Contacts
Consulting services, political risks assessment on the Fuel & Energy Industry, concern of pilitical and economic Elite within the Oil-and-Gas sector.
National Energy Security Fund © 2007