Oil refining in Russia has fallen to 16-year low following Ukraine’s attacks on refineries, - Bloomberg
In May, Ukrainian drones struck Russia’s oil infrastructure at least 30 times.
Bloomberg writes about this, Censor.NET reports.
Details
"Ukraine’s attacks on Russian oil refineries set a record in May, prompting Moscow to ban jet fuel exports and threatening to further damage refining, which is now at its lowest level in 16 years," the article says.
Amid the risk of domestic fuel shortages as demand rises during the summer holiday season, Russia banned jet fuel exports until the end of November.
A total of 16 oil refineries were attacked, including eight of Russia’s 10 largest. Some of these refineries were attacked more than once to prevent Russia from quickly restoring production and earning revenue from rising oil prices amid the war in the Middle East.
Analysts estimate that refining volumes fell to 4.58 million barrels per day in May, down 13% from last year and the lowest level since autumn 2009.
