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Russia's November refinery runs up 10.2pc from October

Published Updated

imageMOSCOW: Russian oil refinery runs rose 10.2 percent in November from the previous month, or 527,609 barrels per day (bpd), after major seasonal maintenance in September and October, Energy Ministry data and Reuters calculations showed.

Refineries processed 5.706 million bpd of crude oil versus 5.179 million in October.

State-owned oil major company Rosneft increased its total processing volumes by 22.5 percent after planned maintenance of Syzran, Achinsk and Saratov refineries ended.

Gazprom Neft's Moscow and Omsk refineries grew their capacity by 29.8 percent and 15.4 percent, respectively.

The Kirishi refinery, owned by Surgutneftegaz, increased its oil processing by 10.5 percent to 390,518 bpd.

Novatek boosted the processing at its Ust-Luga complex by 21.9 percent after planned maintenance at its UPGK-2 facility ended.

YEAR-ON-YEAR OUTPUT

According to the Energy Ministry data, Russian oil refinery runs fell in November by 4.7 percent, or 279,713 bpd, from the same month a year ago.

Total refining capacity of Russian refineries for the first 11 months of 2015 decreased by 2.5 percent to 5.644 millions bpd from 5.787 millions bpd in the same period of the previous year.

Falling prices for crude oil and oil products and lower global demand for the middle distillates dented capacity, market sources said.

Total oil processing at Bashneft refineries fell by 12.1 percent to 384,669 bpd in the first 11 months of 2015 from 437,825 bpd in the same period year ago.

The Gazpromneftekhim Salavat and Krasnodar refineries decreased their refinery runs by 21.3 percent and 28.0 percent, respectively.

Oil capacity at the privately owned Antipinsky refinery rose by 31.5 percent to 162,741 bpd in January-November 2015 from the same period of 2014 due to ongoing planned upgrades.

OIL PRODUCT OUTPUT

Gasoline production at Russian refineries rose 12.9 percent in November to 106,483 tonnes per day, Reuters calculations showed.

Gasoil and fuel oil production rose 11.8 percent on the month to 208,097 tonnes per day and 11.9 percent to 193,543 tonnes per day, respectively.

Jet kerosene output fell by 10.3 percent in November to 22,780 tonnes per day.

Gasoline output fell 1.3 percent on the year, while gasoil and fuel oil production fell by 4.1 percent and 14.7 percent, respectively. Jet kerosene output was down 14.0 percent from a year ago.

Copyright Reuters, 2015

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