Energy Oil

Russia’s idle oil refining capacity in September set to rise 34% vs August, data shows

Russia’s offline main oil refining capability in September is set to leap 34% from August, according to Reuters calculations based on data from industry sources, owing to technical failures, Ukrainian drone attacks and seasonal upkeep.

Offline capability is seen at 3.87 million metric loads this month, or 14.5% of Russia’s total oil refining abilities. That is up from 2.95 million tons in August.

An increase in idle refining capacity normally helps with crude oil exports. Market sources informed Reuters on Thursday that Russia’s crude oil filling strategy from the Baltic ports of Primorsk and Ust-Luga for September was modified higher by 0.2 million tons to 6.2 million heaps.

In the most recent attack on Russian energy centers, a. Ukrainian drone this month hit a Moscow oil refinery managed. by Gazprom Neft.

The Kremlin stated on Wednesday that Ukrainian strikes on. Russian oil infrastructure had very little effect thanks to the work. of air defence systems and other defensive steps.

Passing a current maintenance schedule, the nation’s offline main oil refining capacity in October would fall by. 37% from September to 2.42 million heaps. The schedule is subject. to change.

Total cumulative idle primary oil capacity in Russia for. January to September has actually reached 32 million tons, up 23% from. the exact same duration in 2015.

======= Reuters =======

Related posts

Fix refineries, end hardship of Nigerians, CSNGO tells Tinubu

Editor

Oil rises as trade war worries balance Iran sanctions

Editor

‘Samsung seeking to entrench corrupt practice in Nigeria’

Editor

Kuwait Oil Company declares state of emergency over oil leak

Editor

Local production of LPG rises by 20m tons

Our Reporter

NNPC, firm sign agreement to end licensing dispute

Our Reporter