Key facts
- Rosneft's 12 refineries account for about one-third of Russia's total refining capacity.
- The Ryazan refinery has been shut down for over half the time since a May 2026 drone attack.
- The Syzran refinery has operated below a third of its capacity for most of the past six months.
- The Tuapse refinery has been shut down since April 2026.
- Rosneft stated that no company petrol stations have closed and consumers receive fuel in full at stable prices.
Russia's state-run oil giant Rosneft is experiencing significant financial strain due to Ukraine's ongoing drone attacks on its refineries, Bloomberg reported, citing analysts, sources, and documents. The Ryazan Oil Refinery, a major Rosneft facility, has been operating below capacity or shut down for extended periods since a May 2026 drone strike. Similarly, the Syzran refinery has been largely offline or at reduced capacity for six months, and the Tuapse refinery has been shut since April. These disruptions are impacting Rosneft's profits, which fell by nearly 20% to 200 billion rubles ($2.4 billion) in the first half of 2026, while its debt-to-earnings ratio increased. Rosneft officials privately express concerns that continued attacks could cause lasting damage, with repair costs escalating and international sanctions complicating access to necessary parts. The company stated it is taking measures to ensure operations and fuel supply, with no petrol stations closed and stable prices for consumers. Ukraine had briefly paused refinery strikes in October for a proposed energy ceasefire, but resumed attacks when Russia did not adhere to the truce.