February 28, 2008 / 4:24 PM / 11 years ago

Russia refinery runs fall 1.5 pct in January

MOSCOW, Feb 28 (Reuters) - Russian refining runs fell by 1.5 percent in January versus December, mainly due to seasonal factors and higher exports of crude oil via sea ports, official data showed on Thursday.

Energy Ministry data showed that Russian refineries processed 19,768,000 tonnes (4.67 million barrels per day) compared with 20,075,800 tonnes (4.75 million bpd) in December.

In year-on-year terms, runs were up by 3.6 percent.

Oil companies usually cut processing in December and January on lower demand — especially for gasoline and gas oil — during the slow winter holiday season.

The ministry has said Russian seaborne oil exports supplied to ports by pipeline monopoly Transneft rose by 2.7 percent, month-on-month, to 2.79 million bpd in January, although Transneft’s total exports, which also include shipments via the Druzhba pipeline, edged down by 0.4 percent to 4.28 million bpd.

The data showed on Thursday that Russia’s top refiner, Surgut’s (SNGS.MM) Kirishi plant, cut processing by 4.8 percent to 382,200 bpd from 401,353 bpd in December.

Oil processing at the Omsk refinery, owned by Russia’s third largest oil firm, Gazprom Neft SIBN.NN, fell by 10.3 percent to 307,624 bpd.

Moscow refinery, jointly owned by Gazprom Neft and Sibir Energy SBE.L, cut processing by 7 percent to 195,970 bpd.

The country’s largest oil producers, state-controlled Rosneft (ROSN.MM) and LUKOIL (LKOH.MM), 20 percent of which is owned by ConocoPhillips (COP.N), increased refining — Rosneft by 2.2 percent to 1,021,636 bpd and LUKOIL by 2.7 percent to 884,613 bpd.

To see a table of January refining runs and oil product output by company, please click on [ID:nL28865530].

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Reporting by Tanya Mosolova

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