SPIMEX expects net profit of 25 mln-30 mln rubles in 2013
MOSCOW. Dec 11 (Interfax) - The St. Petersburg International Mercantile Exchange (SPIMEX) plans to close 2013 with a net profit of 25 milion-30 million rubles, compared to a loss of 44 million rubles in 2012, exchange president Alexei Rybnikov told reporters.
"We will show a net profit of 25 million-30 million rubles this year," Rybnikov said.
He said sales of oil products have totalled 12.5 million tonnes since the beginning of the year and are expected to reach about 13 million tonnes by the end of 2013, which will be 35% more than in 2012.
The share of gasoline in total sales increased by 9% this year, while the share of diesel fuel shrank by 6%.
Sales of oil, which were launched on SPIMEX in April, are expected to total 1 million tonnes for the year.
Rybnikov said that he expects the same kind of regulation for the oil market as there is for oil products to be introduced in 2014.
It was reported earlier that government agencies are considering setting the recommended minimum level of exchange sales at 10% of crude shipments to the domestic market or 5% of production for dominant oil companies.
