Fuel production decreased in Russia 18:47

Russia’s largest oil concern LUKOIL is forced to reduce its gasoline export volume to supply fuel to the domestic market. This was reported by “Kommersant”.

On December 26, 2023, the vacuum gas oil catalytic cracking unit failed at the LUKOIL enterprise Nizhegorodnefteorgsintez. As it is known, the cause of the incident was the failure of imported compressor equipment. Due to sanctions, it is not currently possible to obtain the necessary spare parts.

LUKOIL specialists developed a plan to eliminate the malfunction as quickly as possible. However, the publication writes that, according to experts, repairs will last at least until spring due to the lack of components.

In order to provide fuel to the Russian market, the Ministry of Energy of the Russian Federation decided to reduce gasoline exports of Russian oil companies. According to the ministry, motor gasoline production in Russia fully meets the needs of the domestic market and stocks exceed 1.9 million tons.

LUKOIL’s Nizhny Novgorod refinery operates two catalytic cracking units. The first one, which entered service in 2010, is currently out of service. It made it possible to produce 1.4 million tons of Euro-4 and Euro-5 gasoline annually.

A day ago in the government of the Russian Federation refuted Information about a possible ban on gasoline exports.

Previously, the price of gasoline on the stock market grew up at 2%.

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Source: Gazeta

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