
Transneft Warns Ukrainian Drone Attacks May Force Oil Production Cuts
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Transneft Warns Ukrainian Drone Attacks May Force Oil Production Cuts – Reuters
Ukraine has ramped up its attacks on Russia’s oil infrastructure in recent months. Ukraine has hit at least 10 refineries since the beginning of August, sources say. Russian authorities have not publicly commented on the extent of damage to oil infrastructure.
Ukraine has ramped up its attacks on Russia’s oil infrastructure in recent months, targeting a key source of revenue for the Kremlin’s war effort.
According to sources cited by Reuters, Ukrainian drones have hit at least 10 refineries since the beginning of August, which led to a reduction in refining capacity by nearly 20% at one point.
Last week, drones struck Primorsk, Russia’s largest oil port northwest of St. Petersburg, temporarily halting operations.
In response to the ongoing attacks, Transneft has limited producers’ ability to store oil in its pipeline system and warned that further damage could force the company to accept less oil from producers, two industry sources told Reuters.
Transneft called the report “fake” and part of the West’s “information war” against Russia, which accounts for 9% of global oil production. Russian authorities have not publicly commented on the extent of damage to oil infrastructure.