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Russia intends to consolidate deliveries of Turkmen oil through Makhachkala

Oil&Gas Materials 18 January 2014 17:07 (UTC +04:00)
Russia intends to consolidate the deliveries of Turkmen oil through Makhachkala

Ashgabat, Turkmenistan Jan. 18
By Huseyn Hasanov - Trend:
Russia intends to consolidate the deliveries of Turkmen oil through Makhachkala, a statement posted on the official website of Transneft, which operates in the field of oil and oil products transportation through the main pipelines of Russia, said.

According to the information, the President of Transneft Nikolay Tokarev met with leading Russian and foreign media.

Transneft held talks with Trafigura company, which offered to undertake the consolidation of all Turkmen supplies in this direction," Tokarev said.
Transneft president went on to say that oil is supplied from Turkmenistan under transit in small quantities. In addition, these small volumes were supplied irregularly, making it difficult to form a delivery schedules.

Trafigura is specialized in trading metals and raw hydrocarbon and considered the third largest private oil trader in the world.

It was reported earlier that the first tanker with Turkmen oil arrived in the Russian port of Makhachkala in summer 2013 for further re-export of raw materials by Makhachkala-Novorossiysk pipeline.

It was also reported that the Makhachkala port requires extensive reconstruction for receiving additional volumes of Turkmen oil. Now the maximum carrying capacity of tankers in Makhachkala is 10,000 tons. The existing oil storage capacity of the port, as well as the lack of depth does not allow unloading large ships.
Oil production in Turkmenistan in 2012 amounted to 222,000 barrels a day, an annual review of BP said. According to the review, in 2011 this indicator was equal to 217 thousand barrels per day.

Total oil production in Turkmenistan in 2012 was 11 million tons, which is 2.5 percent more than in 2011. The share of Turkmenistan in global oil production stood at 0.3 percent last year.
According to the estimates of BP, in 2012 the oil consumption in the country increased by 3.3 percent - to 100,000 barrels per day. BP has kept unchanged its estimates on proven oil reserves in Turkmenistan in 2012 - at the level of 0.1 billion tons (0.6 billion barrels), as in the previous year.

Translated by M.L.

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