The State will compete with oil companies

Oil Resursy10-07-2008 The State will compete with oil companies "Popular" Oil Refinery - a new "national project" with which the authorities hope to create competitive conditions in the domestic market. But it will not more than 30% hold a mad rise in fuel prices, experts believe Bigness.ru. The fact that the government consider such a project, said ahead of the Deputy Prime Minister Igor Sechin. Construction independent of the large, vertically integrated oil companies (VICs) refinery Sechin named as the most viable measure to curb fuel prices on the domestic market. Despite the fact that the project is far from the stage of detail, some of its contours Deputy Prime Minister yet announced. According to him, the power plant will be within 12 million tons of fuel a year, the total amount of investments - about $ 8 billion in Russia currently operates 27 large oil refinery. Of these, 22 are under the control of major oil companies, said Natalia Bigness.ru Shulyar, CEO InfoTEK Consult. For 160 small and medium-sized oil companies often becomes a big problem to get to these plants with their oil. In fact, large companies have divided the country into spheres of influence and not in a hurry to start up on their power let the smaller, but still competitive.