Russian → English transcript

First, regarding those giants we're talking about—they have their own production.

They produce gasoline—they make it and sell it, while you only sell it, so it's harder for you in that sense.

You only sell, and shortages don't worry them as much as they do you.

They have an advantage for that reason.

They have the advantage anyway. First, they don't suffer from shortages.

So, for example, we place an order for fuel and are told there's no volume available today.

"Wait," or it may be that you'll have to hang up the pump nozzle and wait until the tanker arrives.

Also, at the refineries, they get priority and skip the queue.

We wait for two days; they go in a separate line, are let through, and there are clashes between drivers at the plants,

and lots of different videos of this and so on show up.

Third, we don't know at what price they obtain fuel.

It's closed, it's internal to them, so they have an absolute advantage.

And the plants — take Orsk, for example — it, say, doesn't have gas stations in its network,

but it doesn't really serve the consumer. And Gazpromneftekhim is a Gazprom plant,

and, of course, it services Gazprom's gas stations.

The plants in Bashkortostan, in Ufa — Bashneft's — practically don't supply fuel to outside parties.

So they don't just have an advantage; they've created a situation with the plants

that, being part of the same structure, they can, in principle,

simply stop doing business with independent gas stations.

There's an exchange for that, but as I told you, letters come saying that trading isn't happening now,

wait until October 15, and so on.

The Gazprom "Neftekhim" in Salavat is, of course, closer.

if we're talking about the regional center.

And if we're talking about the region, yes, certainly, but from Orsk's perspective,

it's a rather, you know, quite a specific plant.

Our most recent shipments were from there; we were there for two and a half days.

The tanker waited in line for two and a half days.

They can at any moment announce a closure, non-delivery, or suspension of loading deliveries,

and shut it down for a day, for example.

And the main thing is that when you drive out there you don't lock in the price.

That is, by the time of loading it could change at two a.m.

and end up being around 85–89.

Today we are officially, in practice, well, just going and waiting,

to see what the final price will be on site when we get up to loading.

I'm asking, what will happen with the price?

It will rise in any case; there will be no decrease.

Unfortunately, I cannot predict how far it will go.

But it will definitely be calculated in rubles—yes, meaning both diesel and gasoline.

It won't rise by just a kopek, I think.

But again, we wouldn't want that — we'd like the situation to stop,

for everything to recover, and seasonally — as we were told, summer is a season with many expenses, and so on.

But we read the news; unfortunately, factories are suffering, yes.

The Novokubovsky plant, which in Samara nevertheless produced a huge amount of fuel,

is not operating today for reasons known to us, unfortunately.

And this will inevitably affect logistics, transport, and prices.

So, unfortunately, it's all very sad.