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Ukraine strikes Lukoil's Volgograd refinery, targeting Russia's refining capacity
The Volgograd facility processes 300,000 barrels per day and makes gasoline, diesel, and jet fuel, while Russia extended a gasoline and diesel export ban through year end.
Ukraine struck Lukoil's Volgograd processing facility as it resumed drone and attack campaigns aimed at Russian refining capacity, according to OilPrice. The Ukrainian Security Service said the hit was successful, without providing details on the extent of damage.
The Volgograd refinery has the capacity to process 300,000 barrels per day of crude and produces gasoline, diesel, and jet fuel. Russia's Volgograd governor Andrei Bocharov said a fire broke out at an industrial facility in the fuel and energy complex in the region following a mass drone attack.
OilPrice said the strike is not the first time the Volgograd refinery has been hit, noting that earlier this year a Ukrainian drone attack triggered a fire and forced the plant to suspend crude oil processing. The outlet added that after several weeks of fewer refinery attacks, some units were able to restart operations following repairs.
OilPrice also reported that Russia had pointed to improving conditions, with Deputy Prime Minister Alexander Novak saying the fuel crisis was beginning to ease as some refineries resumed work. However, Russia extended its ban on gasoline and diesel exports from July 31 to the end of the year, signaling continued pressure in supply.
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