Biggest Russian Refinery Raises Crude Oil Processing by 4%
10.14.2024 By Tank Terminals - NEWS

October 14, 2024 [Oil Price]- Russia’s biggest crude processing facility by production, the Omsk refinery, increased its crude processing by 4% between January and September compared to the same period last year, according to the refinery owner Gazprom.

The Omsk refinery is located 2,700 kilometers (1,700 miles) east of Moscow and is owned by Gazprom’s oil unit Gazprom Neft.

The facility raised its supply of gasoline to the domestic market by 5% and increased diesel supply by 10%, according to a statement from the refinery cited by Reuters.

Last year, the Omsk refinery accounted for nearly 8% of all crude oil refining in Russia, as it processed about 425,600 barrels per day (bpd) of oil.

While the Omsk refinery reports increased volumes, many other facilities in Russia, especially those in the southwest, have seen extensive maintenance and halts due to attacks from Ukrainian drones this year.

Scheduled maintenance is also boosting the idle refining capacity this month.

Russia has raised the refining capacity volumes it expects to be idle this month by 67% compared to an earlier plan, due to scheduled maintenance at major refineries, Reuters estimates showed earlier this week.

Previously postponed maintenance at Rosneft’s Novokuibyshevsk Refinery in southwestern Russia and maintenance at a unit of Lukoil’s NORSI refinery have now increased the capacity that would be offline in October.

In addition, Rosneft’s refinery in Tuapse on the Black Sea has reportedly halted crude processing since October 1 because of low refining margins, industry sources told Reuters earlier this week.

Apart from some seasonal maintenance, Russia’s crude oil refining capacity has seen this year more idle units because of Ukrainian drone attacks on Russian oil and energy infrastructure.

Ukrainian attacks on Russian oil refineries and other energy infrastructure have become a fixture this year, with drones the weapon of choice for conducting the strikes.

 

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