Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch

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Rosneft's CEO Igor Sechin proposed that Russian oil companies refine at least 30% of their crude domestically to address the ongoing fuel supply shortage. He communicated these suggestions directly to President Vladimir Putin, aiming to mitigate the fuel crisis.

Russia should require its oil companies to refine at least 30% of their crude domestically to ease the fuel supply crunch, according to Igor Sechin, chief executive of Russia’s state-controlled firm Rosneft, which is the biggest oil producer in the country. Sechin sent a letter to Russian President Vladimir Putin at the end of May, outlining potential measures to alleviate the fuel crisis, Russian daily Kommersant reported on Wednesday. In the letter, Sechin proposes firms to process at least 30% of their crude oil production, as well as…