Fuel & Energy sector was M&A market leader in Russia in 2020 AK&M 439 AK&M 02 March 2021 20:27 The fuel and energy sector took the lead in the M&A transactions in Russia in 2020, accounting for 34.9% of the total market volume with 12 transactions for a total amount of $13.8 billion, which is 7.7% above the 2019 result, according to the recent issue (no. 274) of AK&M Information Agency s MERGERS AND ACQUISITIONS MARKET monthly bulletin. Last year s largest M&A event was the exchange of assets between Rosneft and Eduard Khudainatov s Independent Petroleum Company in December, the amount of transaction reaching $11.1 billion. This deal is the largest M&A event in the market for the whole year.
Russia s Khabarovsk refinery resumes gasoline production, but shortages persist
2/5/2021
Gasoline production at Russia s Far East Khabarovsk refinery resumed, deputy Energy Minister Pavel Sorokin said, but there were still long queues at local gas stations, according to local citizens.
The Khabarovsk region has experienced gasoline shortages following unplanned maintenance at the refinery which is owned by Independent Petroleum Company (IPC). Two Khabarovsk citizens said private dealers were offering gasoline at double the retail price.
According to energy ministry data, isomeric and reforming units have been down at the refinery since Jan. 16.
The refinery usually produces around 1,800 tonnes of gasoline per day, the energy ministry data shows, and traders said it would have to run at maximum capacity for at least one month to balance the market.
By Reuters Staff
2 Min Read
MOSCOW, Feb 4 (Reuters) - Gasoline production at Russia’s Far East Khabarovsk refinery resumed on Thursday, deputy Energy Minister Pavel Sorokin said, but there were still long queues at local gas stations, according to local citizens.
The Khabarovsk region has experienced gasoline shortages following unplanned maintenance at the refinery which is owned by Independent Petroleum Company (IPC). Two Khabarovsk citizens said private dealers were offering gasoline at double the retail price.
According to energy ministry data, isomeric and reforming units have been down at the refinery since Jan. 16.
The refinery usually produces around 1,800 tonnes of gasoline per day, the energy ministry data shows, and traders said it would have to run at maximum capacity for at least one month to balance the market.