Sunday, September 14, 2025
spot_img

Russia fears sanctions on refineries, expects gasoline shortages

Date:

Share post:

spot_imgspot_img

MOSCOW: Any further Western sanctions which may aim at technology for Russia’s modernising oil refineries could lead to gasoline shortages, an energy ministry official said.
The latest Western sanctions, imposed today, have targeted technology for Russia’s Arctic oil exploration and shale oil projects.
Yury Zolotnikov, a deputy head of the oil refining department, said his ministry already expected gasoline shortages next year and in 2016, with Russia on “a dangerous balance” of production only marginally higher than consumption.
“So far, there have been no such sanctions, but they obviously could create problems (for refinery modernisation),” Zolotnikov told Reuters in an interview.
Sanctions have limited the ability of Russian companies to borrow from the Western capital markets and hit Rosneft , Russia’s top oil producer, which has had to cut its staff as its production falls. (PTI)

spot_imgspot_img

Related articles

Indigestion is commonplace but sometimes concerning; here’s what you need to know

Every so often, a completely random advert stops me in my tracks and makes me wonder what on...

Study claims artificial sweeteners can lead to faster cognitive decline

Long-term use of artificial sweeteners or low- and no-calorie sweeteners, used mainly by people with diabetes, can lead...

Social media driving negative opinion on contraceptive pills among women

Social media may be driving negative opinion on contraceptive pills, leading to women discontinuing birth control drugs within...

Rate cut difficult as Aug inflation a tad higher than 2 percent mark: Report

NEW DELHI, Sep 13: With August inflation print a tad higher than the 2 per cent mark, a...