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. Last Updated: 07/27/2016

State Extends Ban on Fuel Oil Exports

Fuel and Energy Minister Viktor Kalyuzhny said Thursday that he had signed a resolution extending a ban on fuel oil exports.

The ban will be in place until Russia's power utilities have stored enough fuel to supply them through the winter, Kalyuzhny said.

The Fuel and Energy Ministry, which initially forbade the export of fuel oil from Sept. 10 to Oct. 1, will lift the restriction from oil firms that meet fuel requests from domestic customers, he said.

The Kirishi refinery, affiliated with Surgutneftegaz, and Komitek's Ukhta refinery have already been allowed to export fuel oil since they have fulfilled their obligations and their stocks are full.

Only 30 percent of Russian diesel is eligible for export. A ban on the export of gasoline was lifted in October, but none has been sent abroad because of a lack of demand, Kalyuzhny said.

However, fuel traders said Thursday that despite the ban, fuel oil is still being loaded in tankers at export outlets.