marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Rosneft Ships First Oil From Chayvo Field

November 23, 2014

 

Rosneft commenced shipment of crude oil extracted at the Northern Tip of Chayvo license off the coast of Sakhalin, with the first tanker carrying Sokol-grade crude leaving port on November 21.

The tanker was loaded at the Sokol single-point oil terminal located 5.7 km east of DeKastri Terminal, Khabarovsk Krai. DeKastri is the first terminal in Russia to ship crude oil year round amid the harsh environment of the Arctic. Another export batch is scheduled to ship before the year’s end. A fleet of purpose-built oil tankers will carry the hydrocarbons, each 100,000 tonnes in deadweight, escorted by icebreakers. The tankers are reinforced ice class, double hull type to safely transport the cargo even in heavy ice conditions.

Sokol is a premium-quality grade of crude oil—very low in sulfur, at a mere 0.27%, and weighing 0.835–0.837 kg per cubic meter (36.7 °API). For that reason, it fetches a higher price that the Dubai, the reference grade in Southeast Asia, and the Oman crude. Although Japan and South Korea are the largest buyers of the crude, many shipments are bound for other Asia and Pacific countries, such as China, Thailand and others.

Logistics News

Baltic Nations Push for EU Ban on Russian Grain Exports

Baltic Nations Push for EU Ban on Russian Grain Exports

Veidekke to Upgrade Two Norwegian Ferry Terminals

Veidekke to Upgrade Two Norwegian Ferry Terminals

Russian Baltic Ports Boost Grain Export Capacity by 170%

Russian Baltic Ports Boost Grain Export Capacity by 170%

US Natural Gas Prices Steady as Storage Build Offsets Hurricane Isaias

US Natural Gas Prices Steady as Storage Build Offsets Hurricane Isaias

Subscribe for Maritime Logistics Professional E‑News

Russia claims it has struck Ukrainian defence industry vessels and facilities
Alaska LNG savings justify billions of investment, developer claims
Oil giants rush in to help Italy's Meloni reduce energy costs by introducing fuel price caps