Ukrainian strikes on Russia’s oil and gas infrastructure have reduced exports of petroleum products, significantly affecting the revenues of the Russian budget.
Max Pyziur, Director of Downstream, Transportation Fuels, Natural Gas, and Electricity Projects at the Energy Policy Research Foundation, said this in an interview with Ukrinform.
He stressed that Ukrainian attacks caused serious damage to Russia’s refining and petroleum export sector.
“There has been a shift in the balance: you have a decline in petroleum products exported from Russia, and an increase in available crude oil exports,” the expert noted.
He explained that previously Russia exported about 3.5 million barrels of crude oil and roughly 2.5 million barrels of petroleum products per day. Now, by his estimates, crude oil exports have risen to about 4 million barrels per day, while petroleum product exports have fallen to 2 million.
