Russia's 4th-Largest Oil Refinery Shuts Down After Ukrainian Drone Strike, Reuters Reports
Reuters reported the shutdown after attacks damaged a unit that handles about a quarter of the refinery's capacity, industry sources said.
- On Wednesday, June 24, a Ukrainian drone strike hit the Lukoil-Nizhegorodorgsintez refinery in Kstovo, Nizhny Novgorod Oblast, forcing the facility to suspend operations. The plant processes around 17 million tons of crude oil annually.
- Nizhny Novgorod Oblast Governor Gleb Nikitin reported that drone debris damaged an undisclosed industrial facility, killing two people. Industry sources confirmed the attack disabled the primary CDU-5 unit, processing 12,000 metric tons per day.
- The Saint-Petersburg International Mercantile Exchange halted sales of NORSI diesel and gasoline on Wednesday, deepening a national fuel crisis already marked by export bans and sales restrictions across Russia.
- Ukrainian strikes target energy assets like NORSI because they produce fuel "used to support the needs of the Russian occupation forces," according to the military. The Kremlin is considering adding diesel to its export bans.
- While NORSI may use other units to restart operations in the near future, the facility remains offline. Reports suggest the Moscow Oil Refinery is unlikely to resume production before the end of the year.
15 Articles
15 Articles
Russia's 4th-largest oil refinery shuts down after Ukrainian drone strike, Reuters reports
The Lukoil-Nizhegorodorgsintez refinery in Kstovo, Nizhny Novgorod Oblast, is Russia's fourth-largest oil refinery and second-largest producer of gasoline. The facility went offline on June 24 after a drone strike, two industry sources told Reuters.
The Ukrainian strike damaged the CDU-5 primary processing facility, writing Reuters with reference to sources.
How can a single refinery shutdown immediately impact the stock market? The NORSI oil refinery in Russia's Nizhny Novgorod region, the fourth-largest in the country, has halted operations after a Ukrainian drone attack, RBC-Ukraine reported, citing Reuters. According to two industry sources, the strike damaged the CDU-5 primary processing unit. Its capacity is 12,000 tons per day, representing approximately a quarter of the refinery's total prod…
The Russian oil refinery “Nizhgorodnefteorgsintez” (NORSI) — Russia's fourth largest refinery and second largest gasoline producer — suspended operations after a Ukrainian drone attack.
Coverage Details
Bias Distribution
- 83% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
