Gerden, E.
Eugene Gerden is an international contributing writer specializing in the global oil refining and gas industry.
Global: Increase in Russian fuel excise tax may hit refinery profitability
The Russian government’s recent decision to raise the excise tax on motor fuel by 1 RUB/l in 2018 may lead to serious losses for the country’s domestic refining industry.
Global: Russia’s plan to dominate fuel supply to Asia
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.
Global: Russian oil majors eye Western expansion
Amid declining profits in the domestic market, Russia’s national oil company and leading oil producer, Rosneft, is considering expanding in the European Union (EU) and US refining markets.
HP Global: Forthcoming tax hike could hamper Russian refining
Russia plans to increase the volume of oil it refined this year, despite Western sanctions and the ever-deteriorating business environment, according to an official spokesperson for Alexander Novak, Russia’s minister of energy.
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- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
- China's April oil throughput hits lowest since August 2022, inventories rise 5/18
- Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery 5/18
- Mexico's Pemex says brief fire at Olmeca refinery controlled, operations normal 5/18
