Russian Refinery Halts Half Its Capacity Following a Ukrainian Drone Attack

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Russian Refinery Halts Half Its Capacity Following a Ukrainian Drone Attack
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A Russian refinery owned and operated by Rosneft has halted roughly half of its processing capacity following a Ukrainian drone attack.

A refinery in southwestern Russia owned and operated by state oil giant Rosneft has halted roughly half of its crude processing capacity following a drone attack from Ukraine over the weekend, industry sources told Reuters on Monday. On Saturday, Dmitry Azarov, governor of the Samara region where Rosneft’s Kuibyshev oil refinery is located, said that the facility was attacked by drones.

The United States has repeatedly urged Ukraine to halt its drone attacks on Russian oil refineries due to Washington’s assessment that the strikes could lead to Russian retaliation and push up global oil prices, the Financial Times reported on Friday, citing sources familiar with the exchange. Ukrainian drone attacks on Russian refineries in recent weeks have taken out as much as 600,000 barrels in daily processing capacity in Russia, according to commodity trading major Gunvor.

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