Russian and Kazakh Refineries Conclude Maintenance: An Impact on the Energy Market

As Russian and Kazakh refineries resume operations following maintenance periods, the energy market anticipates potential effects on fuel supply. Uncertainty remains around gasoline exports in Russia.

Share:

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Major refineries in Russia and Kazakhstan are currently completing scheduled maintenance, an event likely to shift supply flows of refined products in Eurasia. In Russia, refineries are set to gradually restart their units by mid-November, while some installations in Kazakhstan, such as the Atyrau refinery, have already resumed most of their units. These restarts are expected to have a direct impact on the availability of refined products, particularly gasoline and diesel, in the region.

However, in Russia, the refining industry faces specific restrictions. Despite the resumption of operations, the Russian government is maintaining its temporary ban on gasoline exports, imposed to stabilize the domestic market. Initially slated for review in November, this ban is expected to extend through the end of the year, thus limiting Euro 5 gasoline exports. This situation creates additional pressure on the retail sector, with risks of price increases if this restriction is lifted prematurely.

Exemptions and Export Consequences

Certain Russian gasoline exports remain authorized to neighboring countries under intergovernmental agreements. These exports mainly involve fuels that do not meet Euro 5 standards, allowing circumvention of the ban for certain types of products. Maritime shipments of Russian gasoline destined for the Mediterranean and North Africa have also been reported, although volumes remain limited compared to exports prior to the ban.

Security Risks and Recent Incidents

Meanwhile, incidents have disrupted operations at some facilities. In late October, a refinery in Ufa, Russia, was targeted by a drone attack, causing minor damage but highlighting growing security risks around energy infrastructure. In Azerbaijan, a fire in the coking unit at the Heydar Aliyev refinery was quickly extinguished, underscoring local authorities’ ability to respond effectively to industrial risks.

Innovation and Strategic Partnerships

Kazakhstan continues to modernize its energy sector through international partnerships. KazMunayGas, a major Kazakh energy player, recently partnered with the French company Axens to explore sustainable aviation fuel production. This project aims to attract investment, introduce advanced technologies, and reduce the environmental footprint of Kazakhstan’s refining industry.

With the gradual resumption of refining activities in Russia and Kazakhstan, combined with restrictions on Russian exports, the Eurasian energy market enters a complex transition phase. The coming months will be crucial for assessing the impact of these factors on fuel prices and supply, both domestically and internationally.

Increased output from Opec+ and non-member producers is expected to create a global oil surplus as early as 2025, putting pressure on crude prices, according to the International Energy Agency.
A drone attack on a Bachneft oil facility in Ufa sparked a fire with no casualties, temporarily disrupting activity at one of Russia’s largest refineries.
The divide between the United States and the European Union over regulations on Russian oil exports to India is causing a drop in scheduled deliveries, as negotiation margins tighten between buyers and sellers.
Against market expectations, US commercial crude reserves surged due to a sharp drop in exports, only slightly affecting international prices.
Russia plans to ship 2.1 million barrels per day from its western ports in September, revising exports upward amid lower domestic demand following drone attacks on key refineries.
QatarEnergy obtained a 35% stake in the Nzombo block, located in deep waters off Congo, under a production sharing contract signed with the Congolese government.
Phillips 66 acquires Cenovus Energy’s remaining 50% in WRB Refining, strengthening its US market position with two major sites totalling 495,000 barrels per day.
Nigeria’s two main oil unions have halted loadings at the Dangote refinery, contesting the rollout of a private logistics fleet that could reshape the sector’s balance.
Reconnaissance Energy Africa Ltd. enters Gabonese offshore with a strategic contract on the Ngulu block, expanding its portfolio with immediate production potential and long-term development opportunities.
BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.
Vantage Drilling has finalised a major commercial agreement for the deployment of the Platinum Explorer, with a 260-day offshore mission starting in Q1 2026.
Permex Petroleum has signed a non-binding memorandum of understanding with Chisos Ltd. for potential funding of up to $25mn to develop its oil assets in the Permian Basin.
OPEC+ begins a new phase of gradual production increases, starting to lift 1.65 million barrels/day of voluntary cuts after the early conclusion of a 2.2 million barrels/day phaseout.
Imperial Petroleum expanded its fleet to 19 vessels in the second quarter of 2025, while reporting a decline in revenue due to lower rates in the maritime oil market.
Eight OPEC+ members will meet to adjust their quotas as forecasts point to a global surplus of 3 million barrels per day by year-end.
Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.
A key station on the Stalnoy Kon pipeline, essential for transporting petroleum products between Belarus and Russia, was targeted in a drone strike carried out by Ukrainian forces in Bryansk Oblast.
SOMO is negotiating with ExxonMobil to secure storage and refining access in Singapore, aiming to strengthen Iraq’s position in expanding Asian markets.
The European Union’s new import standard forces the United Kingdom to make major adjustments to its oil and gas exports, impacting competitiveness and trade flows between the two markets.
The United Kingdom is set to replace the Energy Profits Levy with a new fiscal mechanism, caught between fairness and simplicity, as the British Continental Shelf continues to decline.

Log in to read this article

You'll also have access to a selection of our best content.