Russian Oil Contamination Still a Problem for Buyers at Ust-Luga Port
Russian oil quality from the Baltic port of Ust-Luga was improving on Thursday but still not good enough for refiners in Europe, with required standards expected only by May 11, trading sources said.The oil has been contaminated with organic chlorides, which can destroy refining equipment.
Turkmen Oil Exports via Russia’s Novorossiisk Port to Resume
Exports of Turkmen oil via Russia's Black sea port of Novorossiisk will resume in February, four market sources said.Turkmenistan stopped transit of its oil via Russia in 2016 and has been exporting all its crude via the Azeri Caspian port of Baku.Pumping Turkmen oil through the Makhachkala-Novorossiisk pipeline could add as much as 200,000 tonnes of crude per month into Russia’s Transneft system. Turkmenistan is currently shipping oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline…
Transneft Rejects Summa's Proposal to Complete Port Deal
Russian oil pipeline monopoly Transneft has rejected a proposal from its rival Summa Group to complete a deal to buy a Novorossiysk Commercial Sea Port (NCSP), a Transneft spokesman said on Monday.If the deal goes ahead it will allow Transneft to take control of Russia's largest port operator. But Transneft said earlier this month it had suspended talks on the deal after the authorities arrested the co-owner of Summa, Ziyavudin Magomedov, on charges of embezzling more than $35 million.Magomedov denied the charges at a pre-trial hearing…
Russia's Grip on Biggest Port Operator Tightens
Moscow tightened its grip on Russia's biggest port operator on Friday, making a government official chairman and ousting representatives of the only private shareholder from the board.The changes follow the arrest last month on organized crime and embezzlement charges of Ziyavudin Magomedov, head of the Summa conglomerate which with a joint venture partner owns a 50.1 percent stake in the port operator. He denies the charges.Several senior Russian business executives have said the prosecution would allow the state to extend its control over the Russian economy…
Novorossiisk Loadings Suspended Due to Storm
Russian oil pipeline monopoly Transneft said on Friday oil loadings from the port of Novorossiisk were suspended due to a storm. (Reporting by Vladimir Soldatkin Writing by Christian Lowe and Mark Potter)
Russian Pipeline Fire Could Affect Oil Loadings
An oil leak and resulting fire on an oil pipeline in Russia's Saratov region may affect the loading schedule for Russian crude exports, Igor Dyomin, a spokesman for oil pipeline monopoly Transneft, told reporters. Dyomin said that oil flows through the pipeline could resume in approximately 3-4 days. (Reporting by Vladimir Soldatkin; Writing by Christian Lowe; Editing by Adrian Croft)
Novorossiisk Port Resumes Oil Loadings
Russian pipeline monopoly Transneft said on Friday that oil loadings from the Black Sea port of Novorossiisk had resumed after a storm. Transneft added in a statement, however, that weather conditions at the port remained unstable. (Reporting by Vladimir Soldatkin; Writing by Alexander Winning)
Azerbaijan's Oil Shipments via Russia on the Rise
Azerbaijan's oil shipments via Russia jumped to 818,664 tonnes in January-July this year from 559,065 tonnes in the same period last year, state oil company SOCAR said on Tuesday. The increase was partly because SOCAR shipped no oil via the Baku-Novorossiisk pipeline in January and February last year, before resuming exports the following month after signing an agreement with Russian pipeline monopoly AK Transneft . SOCAR aims to increase its shipments via Russia to 1.5 million tonnes this year. Last year it shipped 1.2 million tonnes, down 4.8 percent from 2015.
Russia Halts Oil Exports from Novo Due to Storm
Russian oil exports from the Black Sea port of Novorossiisk were suspended on Sunday due to storm, oil pipeline monopoly Transneft said on Monday. It also said that loadings from the Pacific outlet of Kozmino resumed on Sunday after storm, which did not affect the loading schedule. Other ports are working according to their plans, Transneft said. (Reporting by Vladimir Soldatkin; editing by Polina Devitt)
Quay No.1 at Primorsk to Be out of Work for One Year
Quay No.1 at Russian Baltic port of Primorsk will be out of work for maintenance for around a year after accident last week, Russian pipeline operator Transneft said on Monday. Transneft said in a statement last week that the quay No.1 had been damaged while a tanker called the Delta Pioneer was being moored but that there was no threat to the environment from the accident. Urals loading plan for November won't be affected due to the accident as oil loadings from the quay No.1 will be redirected to quays No. 3 and 4, Transneft's spokesman said.
Sovcomflot IPO Expected in Q3 2016
The Russia's top shipping company Sovcomflot initial public offering (IPO) is expected in Q3 2016, part from the privatization program by the government. An IPO for Sovcomflot could take place later this year. The current fleet of Sovcomflot numbers 142 vessels with total deadweight of 12.4 million DWT. The troubled Russian economy will need for speed up the privatization of the country largest shipping company, as getting fresh funds into the budget for 2016. Russian president Vladimir Putin summoned on a meeting the directors of the leading state-owned companies…
Arctic Pipeline being Built from Messoyakhinskoe
Messoyakhneftegaz has began building a pressurized pipeline from the Messoyakhinskoe group of deposits, located to the north of Yamalo-Nenets Autonomous Region, to the main Arctic Circle-Purpe pipeline system. The oil pipeline with a maximum capacity of 7 million tonnes a year will be laid on both sides at the same time, and its length is 96.5 km. Oil transportation is scheduled to begin at the end of 2016 after the launch of the East Messoyakhinskoe oil fields into operation.
New Wilhelmsen Office in Russian Baltic Port
Wilhelmsen Ships Service has opened an office on the port of Primorsk on the Russian Baltic Sea. The company started providing its broad range of ships agency services there in December 2009, supplying first MT Atalandi, which sailed on Dec. 16, and then MT Atlas Voyager, which sailed on Dec. 20. Since then Wilhelmsen Ships Service has consistently provided to other vessels visiting the port. Primorsk Oil terminal is the final point of the Baltic Pipeline System operated by the state entity Transneft.