Russia’s offline primary oil refining capacity in April was revised up by a third from the previous plan for this month to 2.84 million metric tons, according to Reuters calculations based on data from industry sources, amid stoppage extensions.
This is compared to 3.79 million tons of idle capacity last month.
The idle refining capacity has increased from the previous plan due to extension of the stoppages at Komsomolsk, Ufaneftekhim and Krasnodar refineries, as well as maintenance extension at Ryazan refinery, hit by Ukrainian drones in February.
A rise in idle capacity means refineries consume less feedstock to produce fuel, making potentially more crude available for export.
Source: Reuters