#Russia's oil industry transitions from chaos to relative stability in 2023, with India emerging as the largest seaborne buyer. Let's explore the industry's outlook for the next 2-3 years, from refinery upgrades to a shadow tanker fleet.👇
Russia's refinery upgrades increase gasoline production
Despite overall throughputs not reaching pre-sanction levels, there's a hidden growth story. Jan-April 2023 saw record-high monthly #gasoline production. Dec 2022-Feb 2023 saw the highest-ever production rate of 124 kt/day.