Saturday, June 24, 2017

Russia to Add More Gasoline Refining Capacity in 2017

Posted by March 17, 2017

Five Russian refineries are expected to finish upgrades of their gasoline production units this year, with the new capacity potentially allowing Russia to boost exports of high-octane gasoline, according to Reuters calculations and trading sources.

Following the upgrades, high-octane gasoline production in Russia will have the potential to increase by up to 4.5 million tonnes a year, the calculations showed.

Russian refineries produced a total of 38.3 million tonnes of high-octane gasoline last year, of which almost 35 million tonnes were consumed domestically, while the remainder, or 3.35 million tonnes, was exported.

If Russia decides to use in full all the capacity it gets after the upgrades, and with fuel consumption at home flat, it may significantly increase its high-octane gasoline exports, the calculations showed.

(Reporting by Maxim Nazarov and Olesya Astakhova)

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