December 2018

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Europe: Russia to fight for global oil products market despite sanctions pressure

Russia plans to significantly increase its oil products to foreign markets, despite the ongoing pressure of Western sanctions and the complex situation in the country’s domestic refining industry, according to recent statements by representatives of Russia’s leading oil corporations and senior officials of the country’s Ministry of Energy.

Gerden, E., Contributing Writer

Russia plans to significantly increase its oil products to foreign markets, despite the ongoing pressure of Western sanctions and the complex situation in the country’s domestic refining industry, according to recent statements by representatives of Russia’s leading oil corporations and senior officials of the country’s Ministry of Energy. Implementation of these plans will be carried out through the commissioning of new refining complexes that will be oriented toward exports, and the completion of the national $55-B program for the modernization of domestic refineries. Shifting focus to Asia In contrast to previous years, when most exports of Russian oil products were oriented toward the

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