popular articles

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.

Please share:

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.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Despite high expectations, Dangote refinery faces difficulties selling gasoline domestically and begins exporting to ease stock and diversify its markets.
OPEC+ recorded an increase of 30,000 barrels per day in October, marked by Libya’s production surge and Kazakhstan’s reduction. Compliance remains a key challenge for the group.
OPEC+ recorded an increase of 30,000 barrels per day in October, marked by Libya’s production surge and Kazakhstan’s reduction. Compliance remains a key challenge for the group.
The Hague's Court of Appeal overturned a historic decision obliging Shell to reduce its CO2 emissions, rejecting the environmental NGOs' appeal, which denounced the multinational's inaction on climate.
The Hague's Court of Appeal overturned a historic decision obliging Shell to reduce its CO2 emissions, rejecting the environmental NGOs' appeal, which denounced the multinational's inaction on climate.
A year after its strategic acquisitions in the Permian Basin, Civitas Resources records a strong increase in productivity and strengthens its positions, notably through innovations in simultaneous fracturing and a production record in Colorado.
A year after its strategic acquisitions in the Permian Basin, Civitas Resources records a strong increase in productivity and strengthens its positions, notably through innovations in simultaneous fracturing and a production record in Colorado.
Facing growing domestic demand, Vietnam's Nghi Son refinery seeks government approval to increase its Kuwaiti oil imports, thereby exceeding its annual tax-free quota.
CNOOC Group has announced the start of production for its Long Lake NW project in Canada, which is expected to reach a peak of 8,200 barrels per day in 2025, utilizing SAGD technology.
CNOOC Group has announced the start of production for its Long Lake NW project in Canada, which is expected to reach a peak of 8,200 barrels per day in 2025, utilizing SAGD technology.
A report by Reclaim Finance accuses 20 European banks of promoting oil and gas expansion through significant financing, hindering energy transition goals.
A report by Reclaim Finance accuses 20 European banks of promoting oil and gas expansion through significant financing, hindering energy transition goals.
Saudi Aramco reduces its December official selling prices for crude oil bound for Asia, a move in line with market expectations. Adjustments vary by crude type, with larger cuts for lighter grades.
Saudi Aramco reduces its December official selling prices for crude oil bound for Asia, a move in line with market expectations. Adjustments vary by crude type, with larger cuts for lighter grades.
Marathon Petroleum exceeded financial forecasts by increasing its refinery throughput and maximizing utilization rates. This strategy leverages fluctuations in the oil market to enhance profitability.
As oil reserves dwindle, Gabon and Equatorial Guinea vie for control over Mbanie Island, a strategic economic asset. A ruling from the International Court of Justice is expected in 2025.
As oil reserves dwindle, Gabon and Equatorial Guinea vie for control over Mbanie Island, a strategic economic asset. A ruling from the International Court of Justice is expected in 2025.
Saudi oil giant Aramco reports a 15% drop in net profit in the third quarter, driven by falling oil prices and reduced production, adding uncertainty to the global energy market outlook.
Saudi oil giant Aramco reports a 15% drop in net profit in the third quarter, driven by falling oil prices and reduced production, adding uncertainty to the global energy market outlook.
The American group ExxonMobil has finalized the sale of the Fos-sur-Mer refinery to Rhône Energies, a consortium led by Trafigura, marking a step in its strategy to reduce activities in France.
The American group ExxonMobil has finalized the sale of the Fos-sur-Mer refinery to Rhône Energies, a consortium led by Trafigura, marking a step in its strategy to reduce activities in France.
Italian energy giant Eni has finalized the sale of its Alaskan oil fields to American firm Hilcorp for $1 billion, advancing its strategy of refocusing on strategic assets.
Saudi Arabia, Russia, and six other OPEC+ countries extend their production cuts by 2.2 million barrels per day until the end of December to support oil prices weakened by uncertain demand.
Saudi Arabia, Russia, and six other OPEC+ countries extend their production cuts by 2.2 million barrels per day until the end of December to support oil prices weakened by uncertain demand.
Saudi Aramco and PetroVietnam signed a collaboration agreement to strengthen their activities in refining and petrochemicals in Vietnam, marking a new phase of strategic energy cooperation.
Saudi Aramco and PetroVietnam signed a collaboration agreement to strengthen their activities in refining and petrochemicals in Vietnam, marking a new phase of strategic energy cooperation.
The World Bank predicts an oil surplus that should drive down commodity prices despite tensions in the Middle East. Demand in China is slowing, contributing to this unprecedented imbalance.
The World Bank predicts an oil surplus that should drive down commodity prices despite tensions in the Middle East. Demand in China is slowing, contributing to this unprecedented imbalance.
In Venezuela, five of the last eight Oil Ministers are imprisoned or on the run, accused of corruption. This strategic sector, vital to the country, is plagued by recurring scandals.
U.S. crude inventories are expected to increase by 800,000 barrels as refineries slow down, leading to reduced stocks of essential refined products like gasoline and distillates.
U.S. crude inventories are expected to increase by 800,000 barrels as refineries slow down, leading to reduced stocks of essential refined products like gasoline and distillates.
European energy giants Eni and BP resume onshore drilling activities in Libya after ten years, as the country seeks to double its oil production within five years.
European energy giants Eni and BP resume onshore drilling activities in Libya after ten years, as the country seeks to double its oil production within five years.
OMV, the Austrian energy giant, exceeds forecasts for the third quarter of 2024, driven by its chemical division, which offsets declining results in the fuel and raw materials sector.
OMV, the Austrian energy giant, exceeds forecasts for the third quarter of 2024, driven by its chemical division, which offsets declining results in the fuel and raw materials sector.
Ghana plans to source petroleum products from Nigeria's Dangote refinery, aiming to reduce its monthly fuel import bill, estimated at $400 million.
The Thali oil project of Tower Resources in Cameroon receives a major financing offer that could unlock crucial advancements, conditional on obtaining an essential license extension.
The Thali oil project of Tower Resources in Cameroon receives a major financing offer that could unlock crucial advancements, conditional on obtaining an essential license extension.
Canadian company Zimar Inc has signed an agreement to develop a modular refinery in Niger, aiming to increase the country’s oil processing capacity and stimulate refined product exports.
Canadian company Zimar Inc has signed an agreement to develop a modular refinery in Niger, aiming to increase the country’s oil processing capacity and stimulate refined product exports.
CNOOC Limited, a Chinese oil and gas company, reports record growth in production and net profit for the first three quarters of 2024, marking unprecedented performance despite an unstable external environment.
CNOOC Limited, a Chinese oil and gas company, reports record growth in production and net profit for the first three quarters of 2024, marking unprecedented performance despite an unstable external environment.

Advertising