MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Russian Refineries Struggling for Parts Under Sanctions

REFINING

Western sanctions are making it hard for Russia to repair its damaged refineries after Ukrainian drone strikes according to Reuters sources.

  • Lukoil’s NORSI refinery lost a turbine for its gasoline producing unit which requires a US company to produce the parts and fit - no longer available under sanctions.
  • A catalytic cracker used to convert heavier hydrocarbons into gasoline at the refinery has also been out of production since January and it was not clear when it could be repaired due to a lack of expertise inside Russia according to the sources.
  • Gasoline production at the refinery is reported to be down 40%. The refinery has a capacity of 405,000 metric tons a month of gasoline or 11% of Russia's total.
  • Russian Deputy PM claims NORSI will be running within a month or two with Russian firms working to produce the spare parts.
  • Russian Minister Nikolai Shulginov said on Wednesday all refineries would be fixed by June, without providing further details.
Energy BulletsHomepageBulletCommodities
Energy BulletsHomepageBulletCommodities

To read the full story

Close

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.