Russian Energy Minister Nikolai Shilguinov has said that “when the embargo is applied, we will see where it will lead,” and then they will make the decisions.
Euskaraz irakurri: Errusiak baztertu egin du, oraingoz, EBren betoagatik petroliotik eratorritakoen ekoizpena murriztea
Russia has, at least for now, ruled out a cut in oil derivatives production due to the entry into force of the European Union (EU) embargo on imports of these Russian products next Sunday.
“If the embargo is applied, we shall see where will it lead? At this point, we see no reason to believe that the refining and production of oil derivatives will decline sharply,’ said Russian Energy Minister Nikolai Shulguinov, according to the agency Interfax.
Massimo Cermelli The Deusto Business School professor assures in an interview on eitb.eus that there will be a supply restriction in the coming months that will be accompanied by Russia cutting diesel supply.
In 2022 Russia produced 276 million tons of crude oil derivatives, 3.5% less than last year, according to Russia’s Federal Statistical Office, Rosstat.
In particular, gasoline production increased by 3.6% to 42.3 million tonnes, while diesel production increased by 5.4% to 84.7 million tonnes.
In addition to the embargo on imports of Russian oil derivatives, the EU is studying the imposition of a price cap to these products, as it already did with crude oil.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
