Platts launching pilot Russian refinery netbacks

Effective August 19, 2011, Platts will launch a series of Russian refinery netback prices for refined products.

These netback prices, which will be published on Platts Global Alert and in the Platts price assessment database, are being launched as a pilot program and will give values for fuel oil, gasoil and gasoline at the Moscow and Yaroslavl refineries in the Central Federal District, the Nizhny Novgorod and Syzran refineries in the Privolzhsky Federal District and the Komsomolsk and Khabarovsk refineries in Eastern Russia.

Platts European and Asian refined product assessments will be used as the base for these netback values. The full details of the netback calculations will be available on Platts Global Alert pages PGA1342 for gasoline, PGA1552 for fuel oil and PGA 1432 for gasoil.

The full methodology and specification will be available at http://www.platts.com/MethodologyAndSpecifications/Oil.

Please send comments and queries to europe_products@platts.com with a CC to pricegroup@platts.com.