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Wednesday, December 13, 2017

Increasing net oil exports from the Former Soviet Union (FSU)

In March 2006 net oil exports from the Former Soviet Union (FSU) amounted to 8.16 mbd, the highest ever recorded, with the biggest increase coming from the Black Sea (2.46 mbd). Crude oil exports from the Artic and routes other than the Black and BalticSeas and the Druzba Pipeline were less than half-a-million barrels per day. Some 2.5 mbd of the total exports were oil products, about one million barrels per day each of fuel oil and gas oil and the rest of other products. 

Some 65% of March oil exports were seaborne exports. 

FSU oil exports  

Area

2003

2004

2005

1Q06

Black Sea

2.21

2.20

2.27

2.26

Baltic Sea

1.06

1.51

1.59

1.54

Artic/FarEast

0.21

0.25

0.19

0.10

Seaborne

3.47

3.96

4.05

3.88

Druzba Pipeline

1.07

1.10

1.15

1.20

Other Routes

0.17

0.23

0.25

0.31

Total Crude Exports

4.71

5.29

5.45

5.40

Of Which: Transneft

0.85

3.76

4.20

4.31

Products 

Fuel oil

0.83

0.90

0.93

0.87

Gasoil

0.82

0.84

0.87

1.01

Other Products

0.41

0.46

0.58

0.60

Products

2.05

2.19

2.38

2.47

Total Exports

7.76

7.48

7.83

7.87

Imports

0.02

0.01

0.02

0.02

Net Exports

7.74

7.47

7.81

7.85

Source: Energy Information Administration (EIA)  

Contact: Erik Ranheim