Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume
Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume Ukraine has struck one of Russia’s biggest refineries, Lukoil’s Volgograd processing facility, the Ukrainian forces said on Friday as they resumed attacks on Russian refining capacity.
The Volgograd refinery, which has the capacity to process 300,000 barrels per day (bpd) of crude, produces gasoline, diesel, and jet fuel.
It was hit by Ukrainian forces, Ukraine’s Security Service said in aTelegram poston Friday.
The hit was “successful,” Ukraine said, without offering details as to the extent of damage.
Andrei Bocharov, the governor of Russia’s Volgograd region,saidon Friday that a fire broke out at an industrial facility in the fuel and energy complex in the region following a mass drone attack.
This is not the first strike on the Volgograd refinery, which early this year had tosuspend crude oil processingafter a Ukrainian drone attack triggered a fire at the plant.
The renewed drone attacks on refineries from Ukraine come after several weeks of a lull, during which Ukrainian forces focused on hitting tankers in the Sea of Azov and the Black Sea.
The brief respite in the attacks on refineries allowed some units to resume operations after repairs.
This past weekend, Russia’s Deputy Prime Minister Alexander Novak said that the fuel crisis in Russiahad started to easeas some refineries have restarted operations.
However, this week Russia extended the ban on gasoline and diesel exports from July 31to the end of the yearin a sign that the situation has not improved too much.
Amid peak demand season, Russia has been suffering fromgasoline and diesel shortagesfor nearly three months, as Ukraine’s drone campaign to strike Russian refineries forced many large processing sites offline in the spring and early summer.
The overnight attack on the Volgograd refinery could now worsen the crisis.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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