Ufa D2 Refineries
Russia's Ufa region refineries are expected to increase their daily rate of crude processing by 3.5 percent in
February as oil companies cut shipments amid record-high export duties, traders said on Monday.
The three refineries in the Urals regions of Bashkortostan, of which Ufa is the capital, are expected to process
1.602 million tonnes of oil (404,919 barrels per day) in February.
This compares with 1.655 million tonnes (391,327 bpd) expected in January, which will be two days longer.
Traders said the February volumes would include 1.0 million tonnes of oil from western Siberia and 494,130
tonnes of the Bashkirian oil. The plants will also process 108,000 tonnes of gas condensate.
In particular, the Ufimsky (UNPZI.RTS) plant will process 480,000 tonnes of oil and 72,000 tonnes of gas
condensate, while Ufaneftekhim (UFNC.RTS) will refine 502,670 tonnes of oil and 36,000 tonnes of condensate.
Novoil (NUNZI.RTS) will process 511,460 tonnes of oil.
The plants' biggest supplier, LUKOIL-UralNefteProdukt, a unit of Russia's second largest crude producer LUKOIL
(LKOH.MM), will increase deliveries to the refineries to 300,000 tonnes in February from 200,000 tonnes in the
A preliminary export schedule by pipeline monopoly Transneft showed that Russia will cut oil exports via major
ports in February to 10.521 million tonnes (2.66 million bpd) from 12.367 million tonnes (2.92 million bpd) in
Traders have said the key reason behind the cut was unwillingness of oil producers to ship volumes abroad due to
oil export duties, which will rise to an all-time high of $333.8 per tonne from Feb. 1 from the current $275.4.
(Reporting by Lyudmila Zaramenskikh, writing by Tanya Mosolova)