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Black Sea Storms Delay Crude Loadings at Russia’s Novorossiysk

Four tankers are waiting at Novorossiysk, Russia’s largest commercial port, to pick up crude cargoes after storms delayed shipments, according to OAO Transneft.

The first tanker in five days loaded on Jan. 20 during an easing of winter storms on the Black Sea before the weather worsened, Igor Dyomin, a spokesman for the pipeline operator, said today by phone from Moscow. The shipment was for 80,000 metric tons. The storms are expected to last until Jan. 23, Dyomin said from Moscow.

Novorossiysk was scheduled to load six consignments of Urals crude totaling 605,000 tons from Jan. 15 to Jan. 21, a final loading program obtained by Bloomberg on Dec. 28 showed.

Transneft jointly owns 50.1 percent of Novorossiysk port with Summa Group. Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

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