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Anguish Grows in Russia Oil Sector Overwhelmed by Price Fall |...
www.ttnews.com
As Russia’s small oil producers struggle to survive a historic price crash, some say in private they wish they could just set their crude ablaze.
Anguish grows in Russia oil sector overwhelmed by price fall
www.nationthailand.com
"Of course the independents will not burn their crude, they will simply shut the wells and go bankrupt," said Elena Korzun, head of Russia's Association of Independent Oil and Gas Producers. To compound the problem, Russia has just eight days of available storage capacity, according to an IHS Markit report.
Forum on how to help small refineries — RT Business News
www.rt.com
May 31, · The president of the Association of Small and Mid-size Oil and Gas Companies, Elena Korzun, says the industry can benefit from more involvement by private companies, and more competition among them. “This conference is a very important event because it raises urgent issues.
Fuel prices threaten Russia’s car culture — RT Business News
www.rt.com
Despite having more oil than almost anybody else, Russians still have to dig deep when paying for fuel at the pumps.
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