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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.

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