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REFINING: Russia Crude Processing at Lowest Since Late June Amid Refinery Works

REFINING
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Russia’s crude processing is on track to reach the lowest weekly level since late June with an average of 5.28mb/d during Sept. 12-18, sources told Bloomberg.

  • A decline of 90kb/d w/w is driven by refineries entering seasonal maintenance including a drop in rates by a combined 134kb/d at Gazprom’s Neftekhim Salavat, Novatek’s Ust-Luga and the Tyumen refinery.
  • Gazprom Neftekhim Salavat started seasonal maintenance last week with a halt to one primary-processing unit and a number of secondary units.
  • Processing rates averaged 190kb/d below the August average at 5.33m b/d in Sept. 1-18.
  • Russia’s offline primary oil refining capacity in October could fall by 37% from September to 2.42m ton, according to Reuters calculations earlier this month.
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Russia’s crude processing is on track to reach the lowest weekly level since late June with an average of 5.28mb/d during Sept. 12-18, sources told Bloomberg.

  • A decline of 90kb/d w/w is driven by refineries entering seasonal maintenance including a drop in rates by a combined 134kb/d at Gazprom’s Neftekhim Salavat, Novatek’s Ust-Luga and the Tyumen refinery.
  • Gazprom Neftekhim Salavat started seasonal maintenance last week with a halt to one primary-processing unit and a number of secondary units.
  • Processing rates averaged 190kb/d below the August average at 5.33m b/d in Sept. 1-18.
  • Russia’s offline primary oil refining capacity in October could fall by 37% from September to 2.42m ton, according to Reuters calculations earlier this month.