Russia's Novak says there's no need for diesel export ban

30-03-2024 11:46 AM

Ammon News - There is no need for Russia to ban exports of diesel to tackle rising prices and possible shortages of the fuel after drone attacks reduced refining capacity, Deputy Prime Minister Alexander Novak said on Friday.

Speaking to reporters, Novak also said, without elaborating, that the Novatek-led (NVTK.MM) Arctic LNG 2 project, which started tentative production in December, remains in talks about liquefied natural gas (LNG) deliveries as Western sanctions hinder the availability of tankers for the project.

Russia has faced a steep reduction in oil refining capacity, crippled by technical outages and drone attacks. It banned exports of gasoline for half a year starting from March 1.


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