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Tuapse Refinery Boosted Exports Ahead of Latest Strikes

REFINING
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A revival in operations at Russia’s Tuapse refinery boosted oil product outflows from the refinery in May but further strikes mean the increase may be short lived according to Vortexa.

  • The refinery was hit again May 17 after the latest Ukrainian drone attacks.
  • A source told Reuters that drones had struck the LPG unit at the refinery but that the crude distillation unit (CDU) was not damaged. The damage could potentially be bypassed.
  • The Tuapse refinery, owned by Russian state-owned oil giant Rosneft, just restarted its operations earlier in May following a three-month shutdown after a Ukrainian drone strike in January.

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A revival in operations at Russia’s Tuapse refinery boosted oil product outflows from the refinery in May but further strikes mean the increase may be short lived according to Vortexa.

  • The refinery was hit again May 17 after the latest Ukrainian drone attacks.
  • A source told Reuters that drones had struck the LPG unit at the refinery but that the crude distillation unit (CDU) was not damaged. The damage could potentially be bypassed.
  • The Tuapse refinery, owned by Russian state-owned oil giant Rosneft, just restarted its operations earlier in May following a three-month shutdown after a Ukrainian drone strike in January.

Keep reading...Show less