Note I think this has to do with refinery capacities to deliver refined product domestically. I believe crude exports are unaffected.<br>It is an example of the Export Land Model at work, however.<br>Regards,<br>Michael Skeggs<br>
<br><div class="gmail_quote">On 1 May 2011 21:49, Keith Thomas <span dir="ltr"><<a href="mailto:keith@evfit.com">keith@evfit.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">
<div style="word-wrap: break-word;"><br><div><br><span style="border-collapse: separate; font-family: Helvetica; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; font-size: medium;"><span style="font-family: Georgia; font-size: 13px; line-height: 15px;"><b><font size="5"><span style="font-size: 18px;">Russia halts petrol exports</span></font></b><br style="line-height: 1.22em;">
<a href="http://www.rte.ie/news/2011/0428/oil-business.html" style="line-height: 1.22em; color: rgb(30, 102, 174);" target="_blank">http://www.rte.ie/news/2011/0428/oil-business.html</a><br style="line-height: 1.22em;">*Staff, RTE News*</span></span></div>
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...Russia has decided to halt petrol exports and switch the flow to the<span> </span><br style="line-height: 1.22em;">home market to fight shortages and a price rise that is coinciding with<span> </span><br style="line-height: 1.22em;">
rising voter discontent.<br style="line-height: 1.22em;"><br style="line-height: 1.22em;">The sudden announcement from the world's biggest oil producer came after<span> </span><br style="line-height: 1.22em;">Prime Minister Vladimir Putin ordered his government to tackle an issue<span> </span><br style="line-height: 1.22em;">
that has been gaining increasing attention ahead of upcoming elections.<br style="line-height: 1.22em;"><br style="line-height: 1.22em;">Deputy Energy Ministry Sergei Kudryashov's comments suggested the ban<span> </span><br style="line-height: 1.22em;">
would apply only for the month of May and then be followed by higher<span> </span><br style="line-height: 1.22em;">petrol export duties aimed at keeping most future sales within Russia.<br style="line-height: 1.22em;"><br style="line-height: 1.22em;">
A spokesman for the country's biggest oil producer Rosneft later<span> </span><br style="line-height: 1.22em;">confirmed that the decision only applied to the upcoming month.<br style="line-height: 1.22em;">The unexpected decision came after two dozen Russian regions reported<span> </span><br style="line-height: 1.22em;">
shortages that were causing prices at the pump to jump by as much as 30%<span> </span><br style="line-height: 1.22em;">since the weekend....</span></span></div><br><div><div><span style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Helvetica; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><span style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Helvetica; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><div style="word-wrap: break-word;">
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<div>-----------------------------</div><div>Keith Thomas</div><font color="#888888"><div><a href="http://www.evfit.com" target="_blank">www.evfit.com</a></div><div>-----------------------------</div></font></div></span></div>
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