SPOILER ALERT!
Russia to keep track of upstream, downstream oil with single system
Russia's energy ministry is establishing a joined surveillance system to assess the region's oil manufacturing, transport and refining in order to make the industry more clear and also lower the illegal oil trade, a ministry spokeswoman stated Tuesday.
The ministry introduced the "Oil Control" idea in a statement late Monday, claiming that the federal government's payment on the fuel and also power facility accepted the principle on Thursday.
" The information of the Oil Control system are presently under development as well as there isn't a deadline yet for when it will be ready," the spokesperson stated.
The system is to provide accurate info concerning the manufacturing, circulation and also activity of crude as well as oil items across Russia, as well as
crude as well as oil products export and also transportation, consisting of sea as well as rail terminals,
the pipe system and tank ranches.
The system is additionally to balance all production, circulation and need for crude as well as oil products to remove losses to the state budget plan from illegal
manufacturing, refining and export, the ministry claimed.
"It will be a unified system that will certainly monitor all input and result, as opposed to the current system in which different firms check specific parts of the industry," the spokeswoman stated.
polyether polymer is anticipated to make the Russian oil market a lot more transparent and minimize the size of Russia's shadow oil market, therefore decreasing losses to the government budget plan, the ministry said.
The ministry plans to deal with stopping crude oil burglary and also to far better control Russia's so-called mini-refineries, or small-scale refineries, which have been accused of producing sub-standard oil products and also not paying tax obligations.
"Mini-refineries will certainly require to report their tasks within the framework of the system, yet they are not the only target, or perhaps the most essential target," claimed the ministry spokeswoman, without specifying.
The ministry introduced the "Oil Control" idea in a statement late Monday, claiming that the federal government's payment on the fuel and also power facility accepted the principle on Thursday.
" The information of the Oil Control system are presently under development as well as there isn't a deadline yet for when it will be ready," the spokesperson stated.
The system is to provide accurate info concerning the manufacturing, circulation and also activity of crude as well as oil items across Russia, as well as
crude as well as oil products export and also transportation, consisting of sea as well as rail terminals,
the pipe system and tank ranches.
The system is additionally to balance all production, circulation and need for crude as well as oil products to remove losses to the state budget plan from illegal
manufacturing, refining and export, the ministry claimed.
"It will be a unified system that will certainly monitor all input and result, as opposed to the current system in which different firms check specific parts of the industry," the spokeswoman stated.
polyether polymer is anticipated to make the Russian oil market a lot more transparent and minimize the size of Russia's shadow oil market, therefore decreasing losses to the government budget plan, the ministry said.
The ministry plans to deal with stopping crude oil burglary and also to far better control Russia's so-called mini-refineries, or small-scale refineries, which have been accused of producing sub-standard oil products and also not paying tax obligations.
"Mini-refineries will certainly require to report their tasks within the framework of the system, yet they are not the only target, or perhaps the most essential target," claimed the ministry spokeswoman, without specifying.
