Russian oil companies increase oil refining operations 09:32

Russian oil refineries (ORs) increased oil refinery by 5% in June to reach 750,000 tons per day. In this respect writer Kommersant, citing the source.

The largest oil companies have almost completed the main preventive repairs at their refineries, the peak of repair work fell in May. Publishing sources noted that thanks to this, it is possible to increase the processing of fuel. At the same time, the planned drop in gasoline prices did not happen, as the price of AI-95 on the stock market has updated its historical peaks several times due to the increase in export netbacks against the backdrop of a weakening ruble.

Some interlocutors of the publication stated that the market may become saturated with gasoline due to the decrease in oil supply by 500,000 barrels per day since August. However, some experts worry that the situation in fuel supply could deteriorate again due to a series of refinery repairs scheduled for August.

Analysts have calculated that oil companies will increase refinery significantly in July, as most major refineries are fully operational. However, with planned repairs set to begin in August and September, oil companies will have to seriously build up fuel stocks to ensure adequate supply.

26 June TASS, with reference to AC “TEK” materials, knowledgeableThat Russian refineries could increase gasoline production to 49 million tons by 2030.

Previously reportedThat Russia has exceeded spring indicators for its oil refinery.



Source: Gazeta

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