Russia's December idle oil refining capacity revised up 35%
12/18/2024 9:00:00 AM
Russia plans to take 1.48 MM tonnes (t) of refining capacity offline in December, up by 35% from a previous estimate but still below the 2.4 MMt in November, according to calculations based on data from industry sources.
A decline in idle capacity means refineries use more crude oil to produce fuel, making fewer volumes available for export.
Technological stoppages and maintenance of some units at the Ufaneftekhim, Komsomolsk, Volgograd, Novoshakhtinsk oil refineries will contribute to the upwards revision for December.
Expected cumulative offline primary oil refining capacity in Russia reached 40.7 MMt in 2024, up 13% from 2023.
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