Date: 7 months ago   Category: Industry

Bloomberg has counted possible losses of Russia because of new rules of gas station of vessels — Rambler News Service


Photo: globallookpress.com/Serhii Liashonok New rules of the UN about the ban on use of fuel oil with the content of sulfur higher than 0,5% for ship fuel will cause decline in demand for high-sulphurous fuel oil that threatens with billion losses to the oil and gas sphere of Russia, Bloomberg reports. "While the plants in Europe and on the coast of the Gulf of Mexico, most likely, have good opportunities for transition to production with the low content of sulfur, the Russian companies have little prepared" — writes the agency. According to the senior analyst of IHS Markit Ltd Alexander Scherbakov, the Russian oil refineries have no chances to finish preparation for transition to new rules completely. Bloomberg reports that the revenue of the Russian companies from sale of fuel oil last year has made about $9 billion, and in 2020, according to Wood & Co. Financial Services, it can be reduced to $3,5 billion. By the end of September Russia didn't produce the fuel meeting future standards, and two thirds of made contained sulfur over 2,5%.

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