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Wednesday, October 17, 2018

Russian crude oil exports continue to climb – PIW

Petroleum Intelligence Weekly reports that Russian exports increased by 0.152 mbd to 2.767 mbd in June, which is 0.413 mbd above that of June 2002.

The rise was due equally to increased Black Sea loadings and faster pumping down the Druzhba pipeline to Central Europe.

Export capacity is set to rise in July when a 50% expansion of the Baltic Sea Pipeline to 0.36 mbd opens.

Black Sea exports were 1.099 mbd in June, of which 0.913 mbd was exported from Novorossiysk and the rest from Tuapse and Odessa.

Baltic Sea exports were 0.583 mbd and the Druzhba Pipeline export to Germany, Poland, Czech Rep., Slovakia and Hungary was 1.084 mbd.

Further information on the development of the FSU crude and products exports can be found on INTERTANKO’s web site.