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Russian Diesel, Gasoline Output Falls on Refinery Outages
Russian refiners reduced gasoline production in the last week of March by 12% versus the February average, while diesel production stood 3.5% below the February average, Rosstat data showed, due to the damage in refineries after Ukrainian drone attack, Kommersant reported.
- Gasoline output stood at 110.700 tons per day in the last week of March and diesel production declined to 231,000tons per day.
- The domestic market has not yet noticed a shortage of gasoline due to the consumption of reserves, as well as a sharp increase in imports from Belarus.
- Russia’s Energy Minister Nikolai Shulginov said on Wednesday that several refineries will be down for repairs in April-May and potential early June with all refineries that were damaged brought being back to service by June.
- The AVT-4 has already been restarted at the Ryazan oil refinery. The launch of AVT-6 was expected on April 3, but Kommersant has not yet been able to confirm the information.
- The Kuibyshev Refinery will be recommissioned at around 8 May, while the AVT-6 of the Syzran Refinery may require the longest repair with the expected commissioning date around 14 June. The refiner is also trying to recommission the idled AVT-5 unit that has been offline since last summer.
- The commissioning of the AVT-6 unit at the Nizhny Novgorod refinery was planned for the end of March, but there are no confirmed reports of a restart yet.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.