Russia's June Idle Oil Refining Capacity Raised by 114%
06.18.2024 By Tank Terminals - NEWS

June 18, 2024 [Hydrocarbon Processing]- Russia’s primary offline oil refining capacity has been raised by 114% from the previous plan to 4.1 million metric tons for June mainly to due to last-month stoppages at the Tuapse and Komsomoslk plants, Reuter’s calculations show.

 

In May, idle capacity stood at 3.8 MMt.

The Russian oil refining industry has been targeted by Ukrainian drone attacks. Technical outages have also contributed to idle capacity.

Russia and Ukraine have both used drones to strike critical infrastructure, military installations and troop concentrations in their more than 2-yr conflict, with Kyiv hitting Russian refineries and energy facilities in recent months.

According to the current plan, which is likely be revised upward, the offline refining capacity in July is seen declining to 1.8 MMt, according to Reuters calculations based on data from industry sources.

Russia’s January–June cumulative oil refining capacity has reached 21.1 MMt, up from 15.4 MMt in the same period in 2023, the calculations showed.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Plans to Build a $5.5 Billion Refinery in Cushing Have Been Delayed
07.19.2024 - NEWS
July 19, 2024 [Simbaforkids]- In May 2023, it was announced that Southern Rock Energy Partners wo... Read More
Oil Prices Gain 2% on Big US Storage Withdrawal, Weaker US Dollar
07.19.2024 - NEWS
July 19, 2024 [Reuters]- Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekl... Read More
Vopak Starts Office in Japan for Storage of Energy Transition Fuels
07.19.2024 - NEWS
July 19, 2024 [Reuters]- Dutch tank storage firm Vopak has opened a new office in Tokyo, Japan, t... Read More
CMC Contract for LNG Vasiliko Likely to be Terminated
07.19.2024 - NEWS
July 19, 2024 [Cyprus Mail]- The contract between the state Natural Gas Infrastructure Company (E... Read More