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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.
REFINING
Russian oil processing volumes declined to 5.5mbpd during 11-17 January, down by around 11kbpd from the average volumes during the first ten days of January, due to the loss in output of Lukoil’s Norsi refinery, a person with knowledge of the data told Bloomberg.
- That is almost 38kbpd lower than volumes seen for most of December, Bloomberg data showed.
- Crude processing at Norsi, in the Volga region, slumped by more than 51kbpd in the period between 11-17 January compared with the average for most of December. Refinery runs also fell at Bashneft and Slavneft plants, the person said.
- Lukoil reported the incident on 12 January.
- The refinery, with a capacity of around 340kbpd, is likely to restore over 70% of its gasoline production capacity in the next few days, sources told Reuters on 19 January.
- Nationwide crude processing in the first 17 days of January averaged 5.51mbpd according to Bloomberg calculations.
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.
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