Russia announces transit forecast for Turkmen oil

Oil&Gas Materials 6 June 2019 13:15 (UTC +04:00)

Ashgabat, Turkmenistan, June 6

By Huseyn Hasanov – Trend:

The Makhachkala Sea Trade Port, located in the Republic of Dagestan in Russia, plans to transship at least one and a half million tons of Turkmen oil this year, said the port’s director general Murad Khidirov, Trend reports referring to the Russian media.

According to Khidirov, oil transshipment from Turkmenistan was resumed in the port in January 2019, after a nearly two-year break.

The oil is transported by tankers to Makhachkala, where it is put into tanks and sent to customers through the main pipelines of Russia’s Transneft (operating over 70,000 km of trunk pipelines).

Some 189,800 tons of oil were transited from Turkmenistan through Russia during the first 3 months of 2019.

In January, it was reported that Vitol trader had begun to supply Turkmen crude oil through the Caspian Sea to Makhachkala and could pump up to 200,000 tons of oil from Turkmenistan to the port of Novorossiysk in February.

According to the traders, Vitol acquired volumes of Turkmen oil extracted at the Cheleken field from Dragon Oil (UAE) and at Okarem field from Eni (Italy).

Oil production at Cheleken field stands at about 2.4 million tons per year, and about 300,000 tons per year at Okarem field.