Russia's March crude output edges up 1% on year to 10.42 mil b/d

Apr 02, 2013 12:00 AM

Russia's crude oil output in March reached 44.257 million mt, or 10.422 million b/d, up 1% year on year, according to preliminary data released by the Central Dispatching Unit, which is part of the country's energy ministry.
The country's overall crude production in January-March amounted to 128.358 million mt, flat on year, ramping up after a 2.5% year on year decline in February production as 2012 was a leap year.

Meanwhile, Russian crude exports to countries outside the Commonwealth of Independent States fell 3.1% year on year in March to 17.493 million mt, or 4.12 million b/d, the data showed.
The CIS comprises 11 former Soviet republics: Russia, Ukraine, Belarus, Uzbekistan, Armenia, Azerbaijan, Turkmenistan, Kazakhstan, Kyrgyzstan, Moldova and Tajikistan.

Russia transported a total 19.435 million mt of crude to non-CIS countries in March, down 0.9% year on year, according to the CDU data. The figure includes 1.943 million mt of crude which passed through Russia from other countries, mainly Kazakhstan.
Russia's crude exports to CIS countries rose 1.9% year on year to 2.600 million mt in March.

Belarus received 1.892 million mt of Russian crude in March, up 3.3% on the year, despite the fact that the two governments are yet to finalize talks on renewing a crude supply agreement for 2013.
Russian crude exports to Kazakhstan fell 1.7% to 708,600 mt in March. This followed a more than twofold increase in deliveries to 577,000 mt in February, after the two countries resolved export duty reimbursement issues in September last year.

Crude deliveries to Russian refineries stood at 22.608 million mt in March, up 2.8% on 2012, according to the data.
Russia has been gradually increasing crude processing domestically in recent years as national oil refineries upgrade their facilities, in line with agreements with the government to finalize the sector's modernization by 2015. Average daily crude supplies to domestic refineries rose 3.1% in 2012, 3.4% in 2011 and 5.5% in 2010, after a 0.3% decline in 2009.

RUSSIAN CRUDE PIPELINE EXPORT VOLUMES ('000 mt):

Mar 2013 Mar 2012 Change (%)
Primorsk* 4,781.0 6,001.2 -20.3
Ust-Luga** 2,096.5 199.0 953.6
Novorossiisk 3,456.9 3,387.9 2.0
Tuapse*** 0.0 199.8 -100.0
Kozmino**** 1,801.0 1,202.3 49.8
China (ESPO branch) 1,277.7 1,262.0 1.2
CPC pipeline 105.3 54.8 92.2



*Russia's national oil pipeline operator Transneft is gradually redirecting crude shipments from Primorsk, which has been operating at maximum capacity in recent years, to the neighboring Ust-Luga terminal, also on the Baltic Sea. **The Ust-Luga terminal started operations in March 2012.

***Crude exports via Tuapse have stopped since August 2012 as Transneft is expanding the pipeline to the Tuapse refinery and neighboring port. Rosneft is currently upgrading and expanding the Tuapse refinery, with work scheduled for completion in 2014.

****The Kozmino terminal's capacity was doubled to 600,000 b/d at the end of 2012 as part of the ESPO-2 project to expand the network's overall capacity.

Source: Central Dispatching Unit

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