Bloomberg News

Russia to Cut April ESPO Crude Exports to 12 Cargoes, Plan Shows

March 12, 2012

Russia, the world’s largest oil producer, plans to export 12 cargoes of East Siberian Pacific Ocean pipeline, or ESPO, crude in April, one less than March, a loading schedule obtained by Bloomberg News shows.

A total of 1.2 million metric tons, equivalent to 293,200 barrels a day, of ESPO crude will be loaded from the port of Kozmino in Russia’s Far East near the city of Nakhodka in April, according to the plan.

Russia also plans to ship three cargoes of 100,000 tons each of ESPO for loading on May 1 to May 6, the plan showed.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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