Key facts
- Rosneft CEO Igor Sechin proposed a minimum of 30% domestic crude oil refining.
- The proposal aims to address a worsening fuel shortage in Russia.
- Ukrainian drone strikes are cited as a cause of the fuel shortage.
- The proposal was sent to President Putin.
- The initiative seeks to mitigate the impact of attacks on refineries and supply routes.
Rosneft CEO Igor Sechin has put forth a proposal suggesting that Russian oil companies should refine at least 30% of their crude oil production domestically. This move is intended to address a deepening fuel shortage across Russia. The proposal was formally submitted to President Vladimir Putin. A primary driver for this suggestion is the ongoing impact of Ukrainian drone strikes, which have targeted refineries and disrupted critical supply routes, contributing significantly to the current fuel crunch. By increasing domestic refining, Russia aims to ensure a more stable supply of fuel within its borders and mitigate the effects of external attacks on its energy infrastructure.