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.
- Venezuela loses 20% of oil exports after cargo cancellations to Chevron 5/1
- Mexican refinery Olmeca hits new high in March, but still short of target 5/1
- EIA: Oil prices and refinery margins fell slightly in first quarter of 2025 5/1
- First European-built offshore CO2 carrier to be christened and launched on May 14 5/1
- OMV unveils Austria’s largest green H2 production plant 5/1
- Ningbo Refining & Chemical awards ECI a technology licensing contract for an EVA/LDPE plant in China 4/30
