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. Last Updated: 07/27/2016

Limits on Fuel Oil Exports Tightened

Russian oil companies will be allowed to export no more than 2 percent of their production of fuel oil in January, a spokesman for the Fuel and Energy Ministry said Monday.

But he said there would be some exceptions. The Tuapse refinery on the Black Sea would be allowed to export 95 percent of its output and the Angarsk refinery in eastern Siberia would be allowed to export 10 percent, he said.

Jet kerosene exports would be limited to 10 percent of refinery output during January, the spokesman said, adding that no restrictions would be applied to gas oil or gasoline exports.

Last week, the government press office said export restrictions would stay throughout the first quarter to guarantee supplies to domestic consumers.

Fuel oil exports were limited to an average of 10 percent of refinery output in December, but with some exceptions.

Russia has imposed apparently draconian restrictions on exports of fuel oil for much of the winter. But so many exceptions have been granted that the limitations have been less effective than initially proposed.