The crisis gripping the refining sector in the former Soviet Union (FSU) is deepening as that industry faces massive rationalization and restructuring. The past 2-3 years in particular have seen a sharp drop in refining operations in the former Soviet republics. That is associated with the economic crisis strangling the region, economic reforms in Russia and the FSU republics begun in 1992, and dissolution of what had been a single economy within the U.S.S.R. Refinery runs in FSU republics have been on the decline for a number of years. Peak throughput occurred in 1987 at 9.69 million b/d. In Russia, however, the peak came in 1980 at ...

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