Bloomberg News

Russia February Daily Oil Shipments to Fall 3.9% After Revision

February 01, 2007

Russia, the world's second-biggest oil supplier, revised the final loading schedule for February crude shipments, setting exports at 2.99 million barrels a day.

Exporters plan to load an average of 2.99 million barrels a day at the ports of Primorsk, Novorossiisk, Gdansk, Odessa, Yuzhny and Tuapse this month, according to schedules obtained by Bloomberg. Shipments are set to decline 3.9 percent, from 3.11 million barrels a day in January.

Preliminary schedules distributed by OAO Transneft, Russia's pipeline monopoly, placed February's total at about 2.88 million barrels a day. Exports are often reduced during the winter months as ice around ports impedes shipping operations.

Primorsk, a Baltic Sea terminal that's the biggest outlet for Russian crude, is scheduled to load 1.46 million barrels a day in February, down 3.3 percent from this month's estimated 1.51 million barrels. The figure is unchanged from the preliminary schedule.

The second-biggest port for Russian crude-oil exports, the Black Sea harbor of Novorossiisk, is scheduled to ship 876,000 barrels a day next month, from 960,000 barrels planned for January. Preliminary data for February indicated a volume of 808,214 barrels a day.

Russia's Urals-grade crude is sought by refiners during winter months because of its heating-oil yield.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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