[Peakoil] Russia halts petrol exports

[Keith Thomas]

Russia halts petrol exports
http://www.rte.ie/news/2011/0428/oil-business.html
*Staff, RTE News*

...Russia has decided to halt petrol exports and switch the flow to the 
home market to fight shortages and a price rise that is coinciding with 
rising voter discontent.

The sudden announcement from the world's biggest oil producer came after 
Prime Minister Vladimir Putin ordered his government to tackle an issue 
that has been gaining increasing attention ahead of upcoming elections.

Deputy Energy Ministry Sergei Kudryashov's comments suggested the ban 
would apply only for the month of May and then be followed by higher 
petrol export duties aimed at keeping most future sales within Russia.

A spokesman for the country's biggest oil producer Rosneft later 
confirmed that the decision only applied to the upcoming month.
The unexpected decision came after two dozen Russian regions reported 
shortages that were causing prices at the pump to jump by as much as 30% 
since the weekend....

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Keith Thomas
www.evfit.com
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