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Oil refining: huge plans

The necessity to develop oil processing in Russia has been spoken about over the past 15 years, but the situation began changing just not long ago.

Russian oil majors have started implementing ambitious programs of upgrading and building new oil refining capacities.

The state is trying to encourage this process, which is testified to by taxation policies and a ban on consuming the Euro-2 standard fuel that has come into force lately.

However, the question is about the strategy of oil refining development: what are the long-term plans of the state and companies? There is a feeling that many decisions are made intuitively without scrupulous consideration of consequences.

Key topics of the report:

  • Main players

    • Layout of forces in the Russian oil refining sector
    • Structure of production of oil products and changes in it
  • Main plans

    • Reported investments in refining
    • Key projects
    • Modernization of facilities
  • Main strategies

    • Choice between domestic market and exports
    • Rise in diesel exports to Europe, expediency of such policy
  • Fiscal policy in the oil refining sector

    • The 60-66-90 system, consequences of application
    • Ňew taxation solutions and their objectives
  • Pricing on domestic market

    • State policy towards VIOC
    • Antimonopoly cases, real consequences
  • Medium-term forecast of developments

 

Date of release: November 19, 2013

If you are interested to obtain please contact » Elena Kim

Other issues:
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Analytical series “The Fuel and Energy Complex of Russia”:

State regulation of the oil and gas sector in 2018, prospects for 2019
Gazprom on Path to New Reality
Looking for Best Tax Treatment of Oil and Gas: Fiscal Experiments Continued
The subject of taxation became the absolute hit of 2018. The government once again decided to rewrite the rules of the game. President Putin’s new inauguration decree served as the main pretext. It turned out that about 8 trillion roubles extra was necessary for the new national projects announced. The Cabinet did not take long to decide where the funds should be taken. The result was acceleration of the so-called tax manoeuvre started as far back as 1 January 2015. It suggested shifting the tax burden to the wellhead: the effect on the state budget of gradual abandonment of the export duty will be more than compensated for by quicker growth in mineral resources extraction tax (MRET). The laws on tax reform have already gone through the parliament and will take effect as of next year. This means nothing good for companies.
Results of Pivot to the East in Oil and Gas Sector
New government structure and FES: Reformatting the state system administrating the sector

All reports for: 2015 , 14 , 13 , 12 , 11 , 10 , 09 , 08 , 07

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