...

OPEC marks increase in Baku-Tbilisi-Ceyhan oil exports

Oil&Gas Materials 11 May 2021 17:08 (UTC +04:00)
OPEC marks increase in Baku-Tbilisi-Ceyhan  oil exports

BAKU, Azerbaijan, May 11

By Leman Zeynalova – Trend:

Exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline rose 8 percent month-on-month to 576,000 barrels per day in March 2021, representing an increase of 4 percent year-on-year, Trend reports with reference to OPEC.

Total product exports from Russia and Central Asia declined 7 percent m-o-m to average 3.1 mb/d in March. M-o-m declines were seen across the board, except for VGO. Gasoil and fuel oil experienced the biggest volume losses, down 101 tb/d and 84 tb/d, respectively. Y-o-y, total product exports were 146 tb/d, or 4 percent, lower in March, with declines in gasoil and most other major products outpacing a jump in fuel oil.

Black Sea total exports declined 240 tb/d m-o-m, or almost 15 percent, to average just under 1.4 mb/d in March, with Novorossiyk responsible for the bulk of the losses, although Supsa port also saw a decline. Y-o-y, Black Sea flows were 307 tb/d, or 18 percent lower. Meanwhile, exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline rose 8 percent m-o-m to 576 tb/d, representing an increase of 4 percent y-o-y.

Central Asia’s total exports averaged 197 tb/d in March, down by about 8 percent compared with the month before and 4 percent higher than the same month last year.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest