Oil products exchange to be established in Russia

Publish date: May 16, 2006

According to deputy chief of the Russian Ministry of Economical Development Kirill Androsov, Russia will establish oil products stock exchange by the end of 2006.

“In parallel we are solving problems of starting oil products and export oil trade on this stock”, the deputy minister mentioned. According to him, oil products stock trade can start sooner, as there are many buyers. State buying can animate this project. Russian Ministry of Economical Development plans to establish this stock by 2007. The Ministry is sure that this stock is to be registered in Russia, reported.