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Lukoil Seeks to Ship 700,000 Tons of ESPO Crude in Third Quarter

OAO Lukoil, Russia’s largest oil producer that isn’t state-owned, requested permission from the Energy Ministry to export as much as 700,000 metric tons of East Siberia-Pacific Ocean crude from the port of Kozmino.

Lukoil, the only one of Russia’s five-biggest producers not to have shipped crude via the ESPO pipeline, will send the east-bound volumes from its west Siberian fields, Dmitry Dolgov, a company spokesman, said today by telephone from Moscow.

The company requested 600,000 tons of ESPO volumes in the second quarter. It is expected to send its first 100,000-ton cargo to Kozmino for loading from June 29 to July 2, according to a loading program obtained by Bloomberg.

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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