According to Torbjorn Tornqvist, executive director of the energy company Gunvor Group Ltd., drone strikes in Russia disrupted about 600,000 people. barrels per day of oil refining capacity, Delfi Ärileht writes, citing Bloomberg news agency.
“It’s important because it obviously has a direct impact on distillate exports,” Tornqvist said in an interview at the CERAWeek by S&P Global conference in Houston. “This will likely reduce exports by several hundred thousand barrels.”
Before the war in Ukraine, Gunvor owned one of the largest oil trading companies in Russia, but after the war, the businessman moved the company’s operations outside of Russia. According to the assessment of the US investment company JPMorgan Chase & Co., as a result of the Ukrainian attacks, oil refining capacity in Russia has shrunk by about 900,000 tons. barrels per day.
Factories suffered massive damage
It could take “weeks, if not months” to restore power. All this indirectly affects the Estonian market.
Tags: Ukraine bombs oil refineries Russia affect Baltic countries
