Rosneft to restart Black Sea refinery operations in November

Rosneft will restart crude processing at its Tuapse oil refinery on the Black Sea in November. The refinery has been idle since October 1 due to low refining margins. It is expected to process up to 480,000 metric tons of crude oil. The Tuapse refinery has a capacity of 240,000 barrels per day and primarily exports products like naphtha and diesel to countries including Turkey and China. The halt in operations increased idle refining capacity across Russia in October. The refinery has faced damage from Ukrainian drone attacks this year, with the latest incident occurring in July. Recent reports indicate that Russia and Ukraine are in early discussions about their energy infrastructure.