IMO 2020: Russia to provide stimulus for low sulfur bunker production

IMO 2020: Russia to provide stimulus for low sulfur bunker production

Russia is taking steps to stimulate the production of low sulfur bunkers and ease the transition to the new IMO 2020 global sulfur cap for the country’s  refiners.

Speacking at the 12th international Transport of Russia conference in Moscow Sorokin, vice minister of energy, said as part of package of “special privileges ” for refiners his country would offer “a small premium for every ton of low-sulfur fuel in the Baltic and in the Far East basin,” local media reports.

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