BAKU, Azerbaijan, June 18
By Leman Zeynalova – Trend:
Total crude oil exports from the Former Soviet Union (FSU) increased marginally in April to average 7.4 million barrels per day (mb/d), Trend reports with reference to OPEC’s Monthly Oil Market Report.
Compared to the same month last year, FSU crude exports were 0.58 mb/d, or 8 percent, higher, said the cartel.
“Crude exports through the Transneft system also edged higher in April, up 65 tb/d m-o-m, or around 2 percent, to average 4.4 mb/d. Compared to the same month last year, exports were up 130 tb/d, or 3 percent. Total shipments from the Black Sea declined 26 tb/d m-o-m, or around 4 percent, to average 585 tb/d in April. In contrast, total Baltic Sea exports rose 237 mb/d to 1.6 mb/d, with shipments from Ust-Luga increasing 11 percent to 671 tb/d and Primorsk exports rising 21 percent, or 169 tb/d,” the report said.
Meanwhile, shipments via the Druzhba pipeline fell 159 tb/d to average 863 tb/d.
“Kozmino shipments rose 60 tb/d m-o-m, or 9 percent, to average 746 tb/d. Exports to China via the ESPO pipeline averaged 560 tb/d in April, some 47 tb/d lower m-o-m. In the Lukoil system, exports via the Barents Sea edged 6 tb/d, or 4 percent, lower to 155 tb/d in April, while those from the Baltic Sea were marginally higher. On other routes, Russia’s Far East exports declined by 383 tb/d m-o-m, some 6 percent lower, which is a drop of 11 percent compared to April last year,” said the cartel.
OPEC said that Central Asia’s total exports averaged 216 tb/d in April, a gain of 13 percent compared with the previous month and some 5 percent lower y-o-y.
“Black Sea total exports fell 200 tb/d m-o-m to average 1.5 mb/d, with the Novorossiyk port terminal (CPC) driving the decline, down 12 percent, while the Supsa port terminal saw a m-o-m increase. FSU total product exports declined 268 tb/d m-o-m, or more than 8 percent, to average 2.99 mb/d in April. Declines were seen across most major products, except fuel oil and naphtha. Y-o-y, FSU product exports were 95 tb/d, or 3 percent, higher in April,” reads the report.
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