BAKU, Azerbaijan, Apr.13
By Leman Zeynalova – Trend:
Total crude oil exports from Russia and Central Asia increased 0.5 mb/d, or 8 percent, to average 6.3 mb/d in February, Trend reports citing OPEC.
Y-o-y, total crude exports from the region were 0.9 mb/d, or 12 percent, lower.
Crude exports through the Transneft system were broadly unchanged at 3.3 mb/d, representing a minor decline of 32 tb/d, or around 1 percent. Compared to the same month last year, exports were 0.9 mb/d, or 22 percent lower. Total shipments from the Black Sea rose 176 tb/d m-o-m, or just over 82 percent, to average 388 tb/d in February. In contrast, total Baltic Sea exports declined 163 tb/d m-o-m, or almost 15 percent, to average 0.9 mb/d in February, with shipments from Primorsk down 8 percent to 616 tb/d and Ust-Luga exports falling 24 percent to 334 mb/d.
Meanwhile, shipments via the Druzhba pipeline edged up 44 tb/d m-o-m, or 6 percent, to average 690 tb/d in February. Kozmino shipments increased 61 tb/d m-o-m, or almost 10 percent, to average 697 tb/d. Exports to China via the ESPO pipeline slipped 61 tb/d m-o-m to average 576 tb/d in February.
In the Lukoil system, exports via the Barents Sea increased 27 tb/d to average 129 tb/d in February, while those from the Baltic Sea were broadly unchanged. On other routes, Russia’s Far East exports declined by 2 percent m-o-m to average 380 tb/d and were around 4 percent lower compared with the same month last year. Central Asia’s total exports averaged 214 tb/d in February, up by about 5 percent compared with the month before and 6 percent higher than the same month last year.
Black Sea total exports rose 509 tb/d m-o-m, or almost 45 percent, to average 1.6 mb/d in February, with Novorossiyk responsible for the bulk of the gains, although Supsa port also saw an increase. Y-o-y, Black Sea flows were 225 tb/d or 16 percent higher. Meanwhile, exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline fell 10 percent m-o-m to 536 tb/d, representing a drop of 22 percent y-o-y. Total product exports from Russia and Central Asia increased 12 percent m-o-m to average 3.3 mb/d in February. Gains were seen across the board, except for gasoline. Gasoil and fuel oil enjoyed the biggest volume gains, up 12 percent and 11 percent, respectively. Y-o-y, total product exports were 75 tb/d, or 2 percent, lower in February, with declines gasoline and naphtha partially offset by increased exports of fuel oil and jet fuel.
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