🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Firefighters take hours to put out Russian refinery blaze after Ukraine drone strike

Published 16/03/2024, 06:01
© Reuters.

MOSCOW (Reuters) -A Ukrainian drone attack caused a fire at a Russian oil refinery that burned for hours on Saturday before it was brought under control in the latest of several damaging strikes this week on Russia's crude oil processing plants.

Ukrainian President Volodymyr Zelenskiy did not address the reported attack but thanked his armed forces, security service and main intelligence directorate "for the new Ukrainian long-range capabilities."

In his nightly video address, he said it had become clear in recent weeks that Ukraine could use its weapons to exploit what he called vulnerabilities in the "Russian war machine," adding, "What our own drones can do is truly a long-range Ukrainian capability."

Interfax news agency quoted the emergencies ministry as saying that "open burning" at the Syzran refinery had been halted, but measures were still under way to extinguish it completely.

It was not clear how the fire would affect production at the plant, which has the capacity to process 8.5 million metric tons of crude oil a year, or 170,000 barrels per day.

An attack on another refinery, Novokuibyshevsky, on Saturday was thwarted, the local governor said. Both plants are owned by Rosneft and located in the Samara region southeast of Moscow, some 800 km (500 miles) from the nearest Ukrainian-controlled territory.

A Ukrainian source told Reuters that Kyiv's SBU intelligence agency had struck three Samara region Rosneft refineries: Syzran, Novokuibyshevsky, and Kuibyshevsky. Russian media have not reported a strike on the Kuibyshevsky refinery, which is located in the city of Samara.

"The SBU continues to implement its strategy to undermine the economic potential of the Russian Federation, which allows it to wage war in Ukraine," the source said.

Ukraine has repeatedly demonstrated its ability to strike deep inside Russia, focusing particularly on energy infrastructure. In the past few days, such attacks have also caused fires at Lukoil's NORSI refinery in Nizhny Novgorod, east of Moscow, and Rosneft's plant in Ryazan, southeast of the capital.

NORSI's main crude distillation unit was damaged, which meant at least half of the refinery's production was stopped, industry sources told Reuters. The Ryazan plant halted units that account for about 70% of its output, sources said.

Disruption to refinery operations has the potential to hit production and force up prices. Even before the latest attacks, Russia had ordered a six-month ban on gasoline exports from March 1 to help keep prices stable, amid rising demand from motorists and farmers, and to allow for maintenance.

In other incidents this week, a drone was destroyed on the outskirts of the Kirishi refinery near St Petersburg on Tuesday while on Wednesday the Novoshakhtinsk refinery in the southern region of Rostov suspended operations briefly after downed drones fell on it.

Russia is voting through Sunday in a three-day presidential election that is virtually certain to give Vladimir Putin six more years in the Kremlin.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.