One of the important components for the emergence of a Russian benchmark on the global market is above all the stability of supplies both in terms of volume and in terms of quality [...] We predict a flow of 37–38 million [tonnes] at the port of Primorsk, plus, if we are talking about the Baltic Sea basin, we mustn’t forget about the Ust-Luga port, where the capacity amounts to roughly 36 million tonnes [...] The port of Novorossiysk is also an important export direction for URALS [...] In terms of the physical supply of URALS, we do not see any risks [...] As for the quality [...] there has been a decrease in the quality of raw materials [...] We are keeping a close eye on this in cooperation with the Ministry of Energy and oil companies, and a permanent working group has been set up — Sergey Andronov, Vice-President, Transneft.
This whole process should be transparent. We have to trust URALS. And there must be a liquidity aspect [...] We need people who take risks, and also, as it turns out, people who will deal with these risks — Mark Quartermain, Vice President for Crude Trading and Supply, Shell International Trading and Shipping Company Limited.
We have a gigantic physical market, a resource base, and potential. So it’s totally logical to ask — if the resources are ours, the suppliers are ours, the transportation are ours, and the customers ours, why is this all being traded on other exchanges? Why are other indicators being used and what should we do about it? If we want to attract consumers, we need to provide them with clear conditions and outline the benefits that they will receive. In today’s world, the benefit is a reduction in the degree of manipulation and the creation of an alternative to well-established indicators — Pavel Sorokin, Deputy Minister of Energy of the Russian Federation.