Russia Says Major Oil Refinery, Key Port Hit by Ukraine Drones

Article content(Bloomberg) — Ukrainian drone attacks sparked a fire at a major oil refinery and struck a key port in Russia’s Krasnodar region, Russian authorities said.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe blaze broke out at technical installations at the Afipsky oil refinery, according to a statement from regional emergency services on Saturday. There were no immediate reports of casualties, and emergency crews were working at the site to extinguish the fire.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentIn a separate incident, drone debris fell at Port Kavkaz in the Temryuk district, near the Kerch Strait, linking the Black Sea and the Sea of Azov, the authorities said.Article contentArticle contentThe strike damaged a technical vessel and sparked a small fire at the pier complex that was quickly brought under control. Three people were injured and hospitalized, while emergency services were at the site.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentUkraine and Russia have been trading attacks on energy infrastructure and ports as the Kremlin’s full-scale invasion of its neighbor entered a fifth year last month. Kyiv has increasingly targeted refineries, fuel depots and logistics hubs in an effort to disrupt supplies to Russian forces and reduce energy revenues that help finance Moscow’s war effort.Article contentThe attacks come as global energy markets are already strained by escalating tensions in the Middle East. A recent US strike on an island responsible for bulk of Iran’s crude exports has also raised concerns about broader supply disruptions.Article contentThe Afipsky refinery has a processing capacity of as much as 9.1 million tons of crude oil a year, or about 180,000 barrels a day. The facility has been repeatedly targeted by Ukrainian drone attacks, most recently in January.Article contentPort Kavkaz terminal, one of Russia’s key logistics hubs for ferry traffic and shipments of fuel, grain and other cargo.Article contentIn Ukraine, explosions were reported in Kyiv as air defense systems were operating, Mayor Vitali Klitschko said in a Telegram post early Saturday morning. Residents were urged to remain in shelters, and there have been no further updates on the outcome of the attack.Article contentTrending Canadians’ average wealth hit $1.07 million, but what’s driving net worth depends on your age, province and bracket Wealth Bank of Canada more likely to cut than hike after 'brutal' jobs report, say economists Economy Garry Marr: The pros and cons of doling out inheritance with a warm hand Family Finance This TSX stock has 30% upside on the company's $11 billion project backlog, analyst says Investor Once red-hot, Dubai real estate bonds slump on demand fears Real Estate Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Canadians’ average wealth hit $1.07 million, but what’s driving net worth depends on your age, province and bracket Wealth Bank of Canada more likely to cut than hike after 'brutal' jobs report, say economists Economy Garry Marr: The pros and cons of doling out inheritance with a warm hand Family Finance This TSX stock has 30% upside on the company's $11 billion project backlog, analyst says Investor Once red-hot, Dubai real estate bonds slump on demand fears Real Estate