Russia hopes to become a major supplier of gasoline, diesel fuel and other oil products to the Asia-Pacific region during the next several years, with help from the planned launch of large-scale refineries in the Far East that will be built with the participation of Asian investors.
Russia hopes to become a major supplier of gasoline, diesel fuel and other oil products to the Asia-Pacific region during the next several years, with help from the planned launch of large-scale refineries in the Far East that will be built with the participation of Asian investors.
To date, such plans have been announced by Japan, where the government has recently decided to suspend the construction of new refineries due to environmental concerns. Japan has a shortage of refining capacity, due to the closure of many plants during the 1990s and the subsequent suspension of newbuild refinery construction.
A marked decline in oil production, mostly offshore, is another reason for Japan’s dim
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