Russian Oil Refining and Exports of Oil Products

Oct. 20, 2010 - PRLog -- A new research study on Energy market “Russian Oil Refining and Exports of Oil Products” published recently at ChinaCCM.com.

Development of world economy stipulates growing demand for high-grade motor fuels and other oil products. This is a real challenge for the Russian refining sector. For the last 10 years the average processing depth within the industry has increased by a bare 1.5%, with the industry growth mainly attributed to the increase in low-grade gasoline, diesel fuel and fuel oil.  Only 40% of fuel produced in 2009 met Euro-2 standards, while just 9% complied with Euro-3 requirements. Besides, there is a growing need to switch exports to Asia-Pacific, where a substantial 50% increase in demand for oil and oil products is expected in the coming 10 years.

In order to meet new economic challenges and international standards Russia’s refining industry should take decisive investment and technological steps, in particular:
-increase refined volumes from the current 235 mln tons to 258 mln in 2015 and 318 mln in 2030
-increase processing depth from the current 72% to 78% in 2015 and 86% in 2030
-increase production of light products from 57% in 2009 to 63% in 2015 and 69% in 2030
-boost gasoline production meeting Euro-4 standards, while overleaping the Euro-3 stage in order to avoid redundant upgrade of refining capacities

This study “Russian Oil Refining and Exports of Oil Products” examines current developments and trends in the industry and presents an independent outlook for its prospects. It delivers thorough examination of:
-key driving forces for production, consumption and exports of oil products from Russia up to 2015
-key industry players; refining capacities; reconstruction and upgrade programs for Russian refineries
-Exports of Russian oil products and outlook to 2015
-Oil products’ existing export infrastructure and its future development

For more content of the report, please visit:
http://www.chinaccm.com/4S/4S04/4S0402/news/20101020/1351...

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