RUSSIAN OIL-REFINING BUSINESSES ARE AT RISK OF PLANT CLOSURES AMID HEAVY LOSSES, LOWER PRODUCTION, REPORT SAYS
https://media.zenfs.com/en/business_insider_articles_888/c9c1e1087751287365d193bc49996bd8
✍️ Russia's troubled oil refineries are at risk of shutting down due to steep losses, with at least three plants having to reduce or halt production.
👉 At least three Russian refineries have had to reduce or halt production due to steep losses 👉 The closures could happen as early as next year 👉 Higher borrowing costs, higher oil prices, and export curbs are contributing to the losses 👉 Ukrainian drones have also impacted production 👉 Smaller, low-tech refineries are particularly affected, with losses as high as 10,000 roubles per metric ton
-- #Tuapse #Ilsky #Novoshakhtinsky #Russia #Europe #mainstream #business
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