Ifx: Russian Energy Minister says lifting the gasoline export ban is possible
Interfax reported that Russian Energy Minister Sergei Tsivilev stated on Wednesday the ministry believes it is possible to lift restrictions regarding gasoline exports due to fuel prices being stable.
According to RIA, the Ministry sent its proposals regarding gasoline export restrictions to the Government.
The minister said, "We will lift export restrictions now because the prices are stable and the situation on market is stable. So restrictions can be removed - they were implemented to stabilize prices on the local market."
In August, Russia extended the gasoline export restriction until the end the year.
In 2023, the top three gasoline producers in Russia will be Lukoil NORSI in Nizhny Novgorod, Rosneft and Gazprom's Omsk.
In 2023, Russia produced approximately 43.9 million tonnes of gasoline. It exported around 5.76 millions tons or 13%.
Most of the biggest Russian gas importers are African countries such as Nigeria, Libya and Tunisia. (Reporting and editing by Louise Heavens, with Vladimir Soldatkin)
(source: Reuters)
