Refined Products Output Up

Russian refined products exports rose in January month on month, while domestic supplies fell, Energy Ministry data showed.

Exports of gasoline grew rapidly against an oversupply on the domestic market, jumping 25.8 percent to 409.61 tons in January, compared with 325.52 tons in December.

Exports of gas oil increased 9.9 percent. Fuel oil exports in January grew 1.7 percent, while domestic supplies fell 17.6 percent. Year-on-year domestic products supply increased with gasoline flows up 25.2 percent versus January 2011, and fuel oil up 9.5 percent. Gasoline exports fell 6.3 percent, while gas oil and fuel oil exports were up 14.1 percent and 26.2 percent compared with the same month last year.

(Reuters)

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