Market News

Supply of Oil Products Increased.

In Russia, supply of oil products is generally formed by domestic production.  From 2006 to 2010 manufacture of oil products increased by 14.3% and reached 261.6 million tons.  The share of imported products in the total volume of supply is minimal. In 2010, the volume of import of oil products equaled 2.3 million tons.

In 2006-2010, supply of oil products went up by 17% and reached 288.9 million tons.  Under the influence of the Global Financial Crisis, the growth rates of the supply volume lowered, having preserved the positive development dynamics.

In 2010, domestic sales of oil products grew up by 5.3 million tons from a year before and equaled 131.2 million tons.  Approximately one half of the actual sales volume of oil products falls on petrol and diesel oil. In 2010, they made up 46.4% of the total volume of sales.

Domestic sales and export take up approximately equal parts in the volume of demand for oil products.  According to BusinesStat analysis, the volume of export from Russia grows annually. In 2010, it reached 132.2 million tons.