Ukraine stated it made a profitable drone strike at Lukoil PJSC’s Volgograd refinery in Russia, including to the strain on the nation’s oil trade.
The in a single day assault on the ability within the Volga area brought about explosions and a fireplace within the goal space, Ukraine’s Normal Employees stated in a press release on Telegram on Thursday. Bloomberg Information couldn’t independently confirm the declare and Lukoil didn’t instantly reply to an emailed request for a remark.
The Volgograd metropolis administration in a Telegram assertion talked about “hearth breakouts” within the industrial part of the Krasnoarmeysk space because of in a single day drone assaults. That’s the place the refinery is positioned.
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The Volgograd refinery, which has already been attacked at the least six occasions to this point this yr, has a design capability to course of about 300,000 barrels a day of crude. It provides oil merchandise primarily to southern areas of Russia, with some volumes additionally shipped for export.
Ukraine has intensified strikes on Russian oil infrastructure — from refineries to crude pipelines and sea terminals — in current months in an effort to cut back the power income that helps Moscow finance its navy aggression. Because the starting of August, Ukrainian drones focused Russian oil-processing amenities at the least 38 occasions, in contrast with 21 strikes between January and July, based on public statements and knowledge gathered by Bloomberg.
US President Donald Trump can be making use of strain to Russia’s power trade by blacklisting main oil producers Rosneft PJSC and Lukoil final month. The transfer adopted a failed try and convey his Russian counterpart Vladimir Putin to the negotiating desk.
In response to the sanctions which might be set to come back into impact later in November, key consumers of Russian crude in China, India and Turkey have paused purchases and are searching for various provides. In consequence, the typical of Russia’s crude exports for the 4 weeks ending Nov.2 slumped by most since January 2024.
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