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Russia's offline primary oil refining capacity revised up 21% in July

Russia's offline primary oil refining capacity expected in July has been revised up by 21% from the previous plan to 3.2 MM tonnes (t) due to adjustments to maintenance plans, according to calculations based on data from industry sources.

In particular, the plans were affected by the TAIF-NK refinery, which will halt fuel production for a month of planned maintenance from June 15, according to three industry sources.

Offline primary oil refining capacity reached 3.2 MMt in May, while in June it is expected to be 3.1 MMt.

A rise in idle capacity means that refineries use less feedstock to produce fuel, potentially making more crude available for export.

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