By Leman Zeynalova – Trend:
BAKU, Azerbaijan, Aug.13
Total crude oil exports from the Former Soviet Union (FSU) edged up from the low levels seen in May to average 6.0 mb/d in June, Trend reports citing OPEC’s Monthly Oil Market Report (MOMR).
However, FSU crude exports were 1.0 mb/d or 15 percent lower than the same month last year, mainly due to the production adjustments carried out in the previous month, reads the report.
The report shows that crude exports through the Transneft system also moved higher in June, up 156 tb/d or around 5 percent m-o-m to average 3.7 mb/d.
“Compared to the same month last year, exports were down 0.6 mb/d or 14 percent. Total shipments from the Black Sea increased 43 tb/d m-o-m, or around 16 percent, to average 308 tb/d in June. In contrast, total Baltic Sea exports declined 62 tb/d m-o-m to average 1.1 mb/d in June, with shipments from Ust-Luga down 3% to 472 tb/d and Primorsk exports declining by 8 percent or 579 tb/d. Meanwhile, shipments via the Druzhba pipeline increased 19 percent m-o-m to average 933 tb/d in June. Kozmino shipments slipped 12 percent m-o-m to average 678 tb/d,” reads the report.
Exports to China via the ESPO pipeline averaged 635 tb/d in June, some 118 tb/d higher m-o-m, said the cartel.
“In the Lukoil system, exports via the Barents Sea edged up 2 percent to 68 tb/d in June, while those from the Baltic Sea were 16 percent higher. On other routes, Russia’s Far East exports declined some 2 percent m-o-m to average 340 tb/d, representing an increase of 1 percent compared to June last year. Central Asia’s total exports averaged 227 tb/d in June, a decline of 13 percent compared with the previous month but a gain of 16 percent lower y-o-y.”
Black Sea total exports averaged 1.5 mb/d in June, representing a decline of 4 percent m-o-m, with Novorossiyk port terminal (CPC) driving the decline, down 5 percent, while the Supsa port terminal saw a m-o-m increase of 16 percent. FSU total product exports declined 345 tb/d or around 11 percent m-o-m to average 2.7 mb/d in June. Declines were seen across most major products, except fuel oil and naphtha. Y-o-y, FSU product exports were 33 tb/d or 1 percent lower in June.
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