Bloomberg News

Russian Crude Exports Via Novorossiysk to Drop, Final Plan Shows

October 26, 2012

Russia will reduce crude shipments from Novorossiysk on the Black Sea in November, a final loading program obtained by Bloomberg News showed.

Crude exports from the port will be 3.065 million metric tons next month, excluding a top-up cargo of 45,000 tons, according to the schedule. That is down from 3.7 million tons in October. The volume of exports is unchanged from a preliminary program obtained Oct. 25.

The Novorossiysk shipments include four 80,000 ton lots of Siberian Light grade, the program showed. The remaining 25 cargoes, totaling 2.745 million tons, are Urals blend. One 140,000 ton slot from Novorossiysk is free, or unallocated.

Russia will ship 56 cargoes of Urals from the Baltic Sea port of Primorsk in November, according to the final plan.

Shipments from this port are unchanged from this month and will total 5.605 million tons, excluding a top-up cargo of 15,000 tons, the schedule showed. The program includes three 100,000 ton free positions, one more than in the preliminary plan.

There are 18 Urals cargoes from Ust-Luga on the Baltic Sea totaling 1.8 million tons scheduled for November, down from 2.1 million tons this month, according to the final program. Two of next month’s lots from the terminal are also unallocated.

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: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

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


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