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Russian Offline Oil Refining Capacity To Rise 44% MoM in Sept

REFINING

Russia's offline primary oil refining capacity is expected to rise in September by 44% from August to 4.635 million metric tons, industry sources said and Reuters calculations showed.

  • Idle primary oil refining capacity for September has been revised up by 4.5% from the previous plan of 4.434 million tons amid changes to the maintenance schedule of refineries.
  • In August, offline capacity reached 3.228 million tons, up 4.2% from the planned level.
  • In Jan-Aug, offline capacity reached 25.8 million tons, down more than 20% year on year, according to Reuters calculations.
  • Russia expects offline oil refining capacity to decline in October as oil plants wrap up seasonal maintenance.
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