Moscow Refinery May Stay Offline Until 2027

The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensive structural damage from multiple strikes by Ukraine’s long-range drones, dealing a further blow to a country grappling with severe fuel shortages, Reuters reports. Operated by Gazprom Neft, the facility in southeast Moscow is likely to remain offline for at least six months due to the severity of the damage it sustained after being struck twice within a single week in mid-June. According to industry sources cited by Reuters, the strikes compromised…