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Russia refinery upgrades, tax reforms impact vacuum gasoil output, exports

July 16, 2015 (5:20 mins)

Platts Chris Vowden, managing editor for fuel, refinery feedstocks and bunkers, Elza Turner, senior editor for Russian domestic market and refineries and Jelena Grigorjeva, associate editor for refinery feedstocks, discuss the recent changes in Russia's VGO output and exports in the aftermath of the tax reform and refinery upgrades.

Fob NWE European VGo cargoes were assessed at $0.75/b premium vs Ice September Brent futures for LSVGO and at $0.50/b discount to ICE September Brent for HSVGO in the past two days after being at $0.50/b premium for LSVGO cargoes and at $0.75/b discount for HSVGO against September Brent on July 13.

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