BAKU, Azerbaijan, Dec.14
By Leman Zeynalova – Trend:
Exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline declined 49,000 barrels per day (b/d), or almost 10 percent in October month-on-month and were down 12 percent year-on-year, Trend reports with reference to OPEC.
“Central Asia’s exports averaged around 0.2 mb/d in October, representing an increase of over 11 percent compared with the month before and a gain of 13 percent y-o-y. Black Sea total exports improved in October, increasing by 205 mb/d, or over 16 percent, compared to the previous month. They were around 13 percent higher compared to the same month last year. Outflows from the Novorossiysk port terminal (CPC) rose 209 tb/d, or just under 18 percent, while exports from Supsa slipped 4 percent. Exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline declined 49 tb/d, or almost 10 percent, and were down 12 percent y-o-y,” reads the latest report released by the cartel.
OPEC notes that total product exports from Russia and Central Asia increased by almost 0.4 mb/d m-o-m, or 16 percent, to average just under 3.0 mb/d in October.
“M-o-m gains were seen across all major products, led in volume terms by fuel oil, naphtha and VGO. Y-o-y, total product exports were 0.3 mb/d, or 12 percent higher, in October, driven primarily by strong gains in naphtha and gasoil,” said the cartel.
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