During the St. Petersburg International Economic Forum, an unnamed oil company proposed to the Russian Energy Ministry that 30% of its oil production be allocated for refining. This suggestion aims to enhance the efficiency of the domestic fuel market, which the ministry has expressed support for. The proposal comes in light of a recent government resolution that allows the Energy Ministry and the Federal Antimonopoly Service to enter into agreements with oil companies to stabilize and develop the domestic petroleum product market. These agreements will regulate the supply volumes to the domestic motor fuel market and set retail prices for gasoline and diesel, taking inflation into account. The forum, which runs from June 3 to 6, focuses on creating a new model for global economic development amidst ongoing transformations. It features various discussions and events, including the SME Forum and the Creative Industries Forum, all aimed at fostering pragmatic dialogue for a stable future.