Tuapse refinery to reduce oil refining by 10% in oct / sep to 650,000 tons – sources

Tuapse refinery to reduce oil refining by 10% in oct / sep to 650,000 tons – sources

Tuapse refinery to reduce oil refining by 10% in oct / sep to 650,000 tons - sources

MOSCOW (Reuters) – Rosneft's export-oriented Tuapse refinery (MCX: ROSN) could cut refining by about 10% month-on-month to 650,000 tonnes in October from 700,000 tonnes planned for September, three industry sources told Reuters.

According to them, the reduction in loading may be due to the continued weak refining margin and the expected decrease in demand for petroleum products with a possible increase in quarantine restrictions due to the renewed increase in the incidence of coronavirus.

The plant has been operating at a reduced load since June this year.

It was not possible to get a prompt comment from the Rosneft press service.

The only primary oil processing unit at the Tuapse Refinery, AVT-12, has a capacity of 12 million tons per year, or 34.290 tons per day. The minimum design load of AVT-12 is 65%.

Supplies of crude oil to the Tuapse refinery in January-August 2020 amounted to 6.059 million tons.

In 2019, the Tuapse Refinery processed 9.002 million tons of oil, produced 1.696 million tons of straight-run gasoline, 2.704 million tons of diesel fuel with a sulfur content of 0.2%, 3.029 million tons of fuel oil, and 1.492 million tons of vacuum gas oil.

(Olga Yagova, Natalia Chumakova, editor Ludmila Zaramenskikh)

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