Reducing the Damper Will Reduce Super Profits of Russian Refineries, but Will Not Make Them Unprofitable

Сокращение демпфера снизит сверхприбыли российских НПЗ, но не сделает их убыточными

Andrey S. Kaukin and Eugenia M. Miller
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Andrey S. Kaukin: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Eugenia M. Miller: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2023, issue 7, 29-33

Abstract: The RF Ministry of Finance is considering halving the payments to oil refining companies under the damping mechanism from September 2023 for a period of one year. The publication assesses the effects of the adjustment on the economics of the refining industry, in particular, the possibility to provide the domestic market with break-even production of petroleum products.

Keywords: oil refining sector; petroleum products; damper mechanism (search for similar items in EconPapers)
JEL-codes: H24 L71 Q38 Q41 (search for similar items in EconPapers)
Date: 2023
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