Close to two thirds of Russia's oil refining capacity is off line. Production has fallen from around 7 million to around 3.3 million bpd.
The refiners are saying that's because of problems exporting refined oil due to sanctions and payment problems etc. BUT, Russia's peace-time petrol consumption is around 3.6 million barrels per day. That's in peace time - when they aren't trying to supply a massive ground offensive in Ukraine. They may be able to get some petrol from Kakazhstan or other friendly states but I doubt it's enough to make up the deficit. This leads to a theory about the limited use of Russian airpower - they don't have enough avgas to support their entire fleet. Russian oil refineries like other Russian industries depend heavily on imported components even in peace time. This is why stuff like Shell withdrawing from Russia is significant. News report on Russian refineries idling capacity https://www.reuters.com/business/energy/russian-oil-refiners-signal-deeper-cuts-refinery-runs-amid-overstocking-2022-03-31/#:~:text=Russia's%20idle%20primary%20oil%20refining,refinery%20capacity%20outage%20on%20record. Russian domestic oil consumption: https://www.worldometers.info/oil/russia-oil/#:~:text=Oil%20Consumption%20in%20Russia&text=Russia%20consumes%203%2C631%2C287%20barrels%20per,of%2097%2C103%2C871%20barrels%20per%20day. Prewar Russian refining capacity: https://www.worldometers.info/oil/russia-oil/#:~:text=Oil%20Consumption%20in%20Russia&text=Russia%20consumes%203%2C631%2C287%20barrels%20per,of%2097%2C103%2C871%20barrels%20per%20day.
Some people seem to think I'm a defender or supporter of the CPC and PRC. I'm not but 30 year of studying them have demonstrated one thing: they're depressingly durable. Countless predictions of China's imminent economic collapse have proven incorrect. But currently the Chinese economy is starting to look more and more like the Japanese economy at the start of their "lost decade" of the 1990's. Back in 1979 when the Dengist reforms started, China had a massive deficit in almost every form of physical infrastructure. Much of China's economic growth since then can be attributed to building infrastructure -ports; airports; railway lines; power plants - that increased economic efficiency. But that deficit has been largely made up and the economic returns on further investments in physical infrastructure have fallen sharply. This is why, for example, the expansion of the high speed real network has effectively been halted. Xi and the Presidium know all ...
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