Russia Ramps Up Production Of Diesel Fuel To Quench European Demand

Russia plans to sharply increase fuel exports and carve out a larger share of the European market
following an extensive $55 billion modernisation of its refineries, companies' plans and analysts' reports show.
   
Russia embarked on a modernisation of its biggest refineries in 2011 following a fuel shortage crisis. It also changed its tax system to favour
production of cleaner and higher-quality fuel. The modernisation, which has not been completed yet, led to a surge in
output of light products and exports, which has hurt European refineries'
margins.

    Russian think tank Vygon Consulting expects Russian primary oil refining volumes to rise by 8 million tonnes this year, matching a record high of 289
million tonnes reached in 2014 thanks to the modernisation and rising oil prices.

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MDarringer - 3/12/2018 6:55:16 PM

+1 Boost

They do know that diesel is dying, right?

CANADIANCOMMENTS - 3/12/2018 7:13:34 PM

+1 Boost

In the long game sense, yes. In the short term 3-5 years, no. There are still a lot of cars and trucks on the road that will need diesel fuel in the EU and Eastern Europe. I saw an article today that Audi is experimenting making e-fuel that does not require a fossil fuel supply base (oil) to mfg it. Very interesting.

CarCrazedinCali - 3/12/2018 9:46:36 PM

-7 Boost

wonder if Trump is directly profiting from this seeing as he and Putin are on a hand written invitation basis (most won't know the reference since seems lots of Trumpsters and Faux viewers here)

TheSteve - 3/12/2018 10:28:15 PM

-8 Boost

@CarCrazedinCali: Trump got this news before we did. It arrived in a handwritten letter, presented to him in a black lacquered box ;-)

MDarringer - 3/12/2018 10:58:53 PM

+1 Boost

I thought it was inside a set of nesting dolls.

CarCrazedinCali - 3/13/2018 12:41:27 PM

-7 Boost

Trumpsters know how to wind don't they! We are so winning! Bigly!

PUGPROUD - 3/13/2018 7:41:52 PM

+1 Boost

BMW is offering BMW lease holders the option of returning their cars fee if they live within 63 miles of a city that bans diesels. Russia is increasing diesel fuel production. Someone has got it wrong!