Russia increases planned idle oil refining capacity by 67%, calculations show
MOSCOW, Oct 9 (Reuters) -Russia plans to take offline 4.0 million metric tons of refining capacity in October, an increase of 67% from an earlier plan, to carry out maintenance, according to Reuters calculations based on data from industry sources.
In September idle capacity was 4.5 million tons, which was also an increase - of 0.6 million tons - versus previous estimates.
The October revision follows a halt in oil processing at Rosneft's ROSN.MM Black Sea oil plant in Tuapse since Oct. 1, postponed maintenance at the Novokuibyshev refinery and maintenance at the CDU-6 unit at Lukoil's NORSI oil plant.
Russia's November idle primary oil refining capacity is seen at 1.2 million tons, but may rise to 1.8 million tons if maintenance is extended, according to Reuters calculations and data from industry sources.
Russia's January-October cumulative idle oil refining capacity has reached 36.7 million tons, up from 30.9 million in the same period in 2023, the calculations showed.
Reporting by Reuters; editing by Barbara Lewis
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