Ukraine continued near-daily strikes on Russian oil assets on Friday, hitting
Lukoil’s Volgograd refinery and triggering a fire. Ukraine’s general staff said
the overnight strike damaged four main processing units, a hydrotreater, six
storage tanks and one loading berth. The Volgograd refinery, about 900 km
southeast of Moscow, has a nameplate capacity of roughly 300,000 barrels per
day. Since early November Ukraine has struck nine Russian refineries, including
Omsk, with combined nameplate capacity of about 2.6 million bpd — nearly 40% of
Russia’s total refining capacity, government data show.