Russia's refinery utilization plummets to 55%

The Russian refining industry is in deep crisis. Throughput at refineries owned by Russian firms fell to 165.7 million metric tons last year vs. 294.6 million tons in 1990. This decline has brought average capacity utilization down to a dismal 55%.These data were reported recently by Eastern Bloc Research Ltd. (EBR), Tadcaster, U.K., in its Eastern Bloc Energy report.Production of automotive fuels at Russian plants has dropped by 45% since 1990. Showing even greater reductions are: outputs of lubricants, bitumen, coke, and aromatics, which are down 50-67%; and production of solid paraffins, basic petrochemicals, and carbon black feedstocks, which have fallen 84-86%.The financial state of ...

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