In Russia, production of gasoline in July increased by 4.3% – RBC

The production of gasoline in Russia in July 2015 increased by 4.3% compared with the same period last year and amounted to 3 million 291 thousand. Tonnes. This is stated in the materials of the Central dispatching management of fuel and energy complex (CDU TEK) , reports Tass.

For the first seven months of 2015 the production of motor gasoline increased by 3.1% and reached 22 million 706 thousand. tonnes.

Oil production in Russia in January-July 2015 increased by 1.4% compared with the same period last year and amounted to 309 million 245 thousand. tonnes.

In July, crude oil production increased by 2.4% – up to 45 million 33 thousand. t.

Oil refining at Russian refineries in July increased by 0.6% and amounted to 24 million 793 thousand. tonnes. At the same time from the beginning of the year oil processing decreased by 1.3% – up to 164 million 633 thousand. tonnes.

According to CDU TEK Russian oil exports to non-CIS countries in January-July 2015 amounted to 127 million 556 thousand. tons (4 million 410 thousand. bbl. a day), which is 8.7% higher the same period of 2014.

Earlier, Vice President of “Rosneft” Mikhail Leontyev said that while continuing the existing tax policy, Russia will face a shortage of gasoline in the medium term. “This will inevitably occur as a result of a tax policy that encourages the rejection of recycling in favor of maximizing exports. This model is launched, our regulatory agencies. While the situation is stable, because the investments in the processing have a long cycle. So we still do not feel it, but feel fully in the medium term. We will have a shortage of gasoline in the market, to create a policy adjustment, “- he said.

According to Leontiev, due to loss of oil refining oil companies abandon it in favor of exports.