• Russia considers dropping some environmental requirements for gasoline usage to avoid possible shortages
• The measure to reduce environmental standards may bring an additional 10% of gasoline to domestic markets
• adjustment could potentially increase the domestic gasoline supply by 10%, which translates to an additional 300,000 to 350,000 metric tons per month.
• Refinery output in Russia has grown significantly since 2000, with a total production of 275 million tons in the previous year.
• The proposed measures are expected to enhance gasoline production, especially benefiting older refining facilities.
• Loosening environmental standards is seen as a regression from Russia’s 2011 initiative to improve fuel quality and ecological standards through refinery modernization.

This article was written by Arno V Venter at www.forexlive.com.