Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Ukrainian drones damage Russian oil refineries in second day of attacks

Published 03/13/2024, 06:32 AM
Updated 03/13/2024, 12:43 PM
© Reuters. Smoke billows after Ukraine's SBU drone strikes a refinery, amid Russia's attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March 13, 2024. Video Obtained By Reuters/via REUTERS

By Guy Faulconbridge and Lidia Kelly

MOSCOW (Reuters) - Ukraine struck Russian oil refineries in a second day of heavy drone attacks on Wednesday, causing a fire at Rosneft's biggest refinery in one of the most serious attacks against Russia's energy sector in recent months.

Oil prices rose 2% partly due to concerns about supply disruption following the attacks which President Vladimir Putin said were an attempt to disrupt his country's presidential election this week. [O/R]

Russia and Ukraine have both used drones to strike critical infrastructure, military installations and troop concentrations in their more than two-year war, with Kyiv stepping up attacks on Russian refineries and energy facilities in recent months.

A day after seriously damaging Lukoil's NORSI refinery in Nizhny Novgorod, Ukrainian drone attacks hit refineries in the Rostov and Ryazan regions, Russian officials said.

In Ryazan, 180 km (110 miles) from Moscow, a drone attack caused a fire at Rosneft's refinery, Russia's seventh largest and there were initial reports of injuries, governor Pavel Malkov said. In a later update he said the fire had been extinguished.

Two sources familiar with the situation told Reuters that the refinery had been forced to shut down two primary oil refining units. Rosneft did not reply to a request for comment.

In Rostov, there were no casualties but the Novoshakhtinsk refinery was forced to halt production, regional governor Vasily Golubev said. Two sources later told Reuters that operations had resumed at the refinery.

A Ukrainian source told Reuters the drone attacks were conducted by Ukraine's SBU security service. "We are systematically implementing a detailed, calculated strategy to reduce Russia's economic potential," the source said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Ukrainian defence forces, the SBU source added, also conducted overnight drone attacks on a Russian airbase in Buturlinovka and a military airfield in Voronezh region.

Strikes on oil refineries - a key source of Russia's income - have the potential to reduce the country's output of gasoline and diesel and push up prices.

Putin, in remarks published on Wednesday, accused Kyiv of attempts to interfere with the March 15-17 presidential election through its attacks.

"The main goal, I have no doubt about it, is to - if not to disrupt the presidential elections in Russia - then at least somehow interfere with the normal process of expressing the will of citizens," Putin told Russia's RIA state news agency and Rossiya-1 state television in a wide-ranging interview.

Putin, who launched a full-scale invasion of Ukraine two years ago, is nearly certain to win the vote.

DRONE WAR

Russia's RIA state news agency said four Ukrainian drones attacked the Ryazan plant in the early hours of Wednesday, leading to a 175 square metre blaze.

Video footage geo-located by Reuters showed black smoke billowing above flames at the plant, which refines about 12.7 million metric tons of oil a year, or 4.6% of the Russian total, according to industry sources.

It accounts for about 6.4% of Russia's gasoline production, 4.1% of diesel, 7.7% of fuel oil and 8% of aviation fuel, according to the sources. Full Russian production figures are no longer published.

Russian media said around 60 drones had been destroyed over Russian sovereign territory over several hours on Wednesday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Ecological problems and pollution are a good fit with losers like crooked Ukraine.
Suddenly you care about the environment.
All is fair in war they say
You probably like taking children hostage...like your H friends
Uh oh the two right-wingers are fighting! 🍿 Joe eager to fluff Putin too 🍆😮
Putin's special military operaton is not going as planned.....
Better than comedian Zelenkii's bloodbath
braindead
good. bring the war home to the aggressor.
US & NATO actions started the war
All part of plan comrades, just wait!!! Putin 69D chess!!!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.