Russia Adds Four Crude Lots From January to Next Month’s Program

Russia revised its crude export program for February from Novorossiysk to include four shipments from this month after storms and a pipeline leak disrupted operations at the Black Sea port.

Novorossiysk will ship 3.222 million metric tons of crude in February, or 843,000 barrels a day, according to a final loading program obtained by Bloomberg. That includes 450,000 tons previously scheduled for this month.

Shipments from the port were delayed this month by a week of bad weather and a leak from a OAO Transneft pipeline last weekend. Flows were restored today, Igor Dyomin, a spokesman for Transneft, said by phone. Novorossiysk will handle three 80,000 ton cargoes of Siberian Light crude and 27 lots of Urals blend, according to the final plan.

Daily crude shipments from Russia’s Baltic Sea ports will fall 8.3 percent in February as planned pipeline maintenance reduces flows to Primorsk. The repairs will take place in mid- February, Dyomin said yesterday.

A total of 4.3 million tons, or 1.13 million barrels a day, of Urals will be shipped from the port of Primorsk, according to the schedule, with no shipments planned from Feb. 13 to Feb. 16. That compares with 1.28 million barrels a day in January.

Ust-Luga will export 15 Urals lots of 100,000 tons each, or 393,000 barrels a day, up 3.8 percent from planned daily shipments this month. That is two 100,000 ton shipments more than in a preliminary plan obtained Jan. 25.

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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