Russia Adds 60,000 Tons to Novorossiysk’s January Crude Exports

Russia will add a 60,000 metric-ton top-up cargo of Urals crude to January exports from the Black Sea port of Novorossiysk, a final loading program obtained by Bloomberg News showed.

Novorossiysk will handle 3.295 million tons in January, or 779,108 barrels a day, according to the plan. That’s up 7.4 percent from a revised 3.069 million tons this month. Next month’s plan includes two 80,000 ton cargoes of Siberian Light and 30 lots of Urals blend.

A total of 5.4 million tons, or 1.277 million barrels a day, will be shipped from Primorsk in 54 lots, according to the final program. That’s unchanged from the preliminary program obtained by Bloomberg on Dec. 26 and up 17 percent from a revised 4.605 million tons in December.

There are 16 shipments of Urals crude totaling 1.6 million tons, or 378,323 barrels a day, planned from Ust-Luga on the Baltic Sea, according to the program, down from 1.8 million tons this month. There is one free position at the port in the final January program.

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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