Source Pravda.Ru

Gov't limits oil exports for some companies

A government commission on access to oil pipelines has adopted a decision to cut by 20 percent, oil exports of 24 oil companies that owe the federal budget about 2bn rubles ($64.54m), Russian Deputy Prime Minister Viktor Khristenko declared after the meeting of the commission today. It is expected that these oil companies will not export some 25,000 tons of oil on the whole.

The commission also decided to cancel administrative regulations on furnace oil supplies. "The situation on the domestic market is normal, the furnace oil reserves of energy generating enterprises are above the norm and there is a balance between the supply and demand of furnace oil on the market. Thus no special measures are necessary", the Deputy PM said.