Lukoil Shipped Canadian Crude from Houston

Posted by Joseph Keefe
Wednesday, August 20, 2014

Russian oil major Lukoil has emerged as one of the first companies to buy Canadian crude re-exported from a U.S. port, shipping one cargo last month to its refinery in Augusta, Italy, data showed on Tuesday.

A 445,000-barrel cargo of Canadian Sour grade loaded on the Sifnos, a Suezmax crude tanker, in Houston and departed on July 6, according to PIERS oil export trade flows data available via Thomson Reuters' Eikon. It discharged at the 320,000 barrel-per-day (bpd) ISAB refinery in Augusta, Italy, on the island of Sicily, on Aug. 1.

Lukoil, the second-biggest oil producer in Russia, took a stake in the Sicilian refinery in 2008 and gradually increased its stake to full ownership in December 2013.

The U.S. Department of Commerce has approved nearly five dozen crude oil re-export licenses for foreign-origin oil to destinations other than Canada, although only a handful of those appear to have been used.

The first such cargo of re-exported Western Canada Select crude sailed from Freeport, Texas, to a Repsol refinery in Spain in May. Some smaller shipments flowed to Switzerland in April and May, according to U.S. government data.

The permits, which were approved between October 2013 and April, include licenses for re-exports to European countries as well as China, India, South Korea and Malaysia, according to data released by the department's Bureau of Industry and Security.

The United States does not allow exports of its own oil, with few exceptions such as barrels going to Canada or re-exports of foreign oil from U.S. ports.

By Anna Louie Sussman

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Strategic Marine Delivers ‘Triple First’ StratCat

Strategic Marine, a leading specialist shipbuilder and member of the TriYards Group, has delivered a world’s first to European windfarm service sector operator, Njord Offshore.

Drydocks World, Maritime World Win Excellence Awards

Drydocks World and Maritime World have won the Excellence Award given by the International Maritime Club at the Golden Bells Awards 2015 - Middle East. Drydocks

Contracts

Strategic Marine Delivers ‘Triple First’ StratCat

Strategic Marine, a leading specialist shipbuilder and member of the TriYards Group, has delivered a world’s first to European windfarm service sector operator, Njord Offshore.

Rolls-Royce Propulsion Package for Polar Ship

Rolls-Royce has been awarded a contract by ship builder Fincantieri to supply a fully integrated propulsion system for Norway’s new Polar Research Vessel, which

Germany Fights for Indian Submarine Contract

German giant ThyssenKrupp Marine Systems (TKMS), the parent company of leading submarine builder HDW, will offer India its HDW Class 214 vessel, with an eye to

Legal

Drydocks World, Maritime World Win Excellence Awards

Drydocks World and Maritime World have won the Excellence Award given by the International Maritime Club at the Golden Bells Awards 2015 - Middle East. Drydocks

Ocean 3 launched at the AGCT, Rijeka

China Shipping Container Line’s (CSCL) Xin Qin Huang Dao recently made its maiden call at the Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

Finance

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Poland's LNG Terminal - Unfinished Agenda for Saipem

Poland's liquefied natural gas (LNG) terminal at the Baltic port of Świnoujście will be completed only if Italian firm Saipem receives further payment, reports Reuters.

Emission Control to Cost Additional $100 bln for Shipping Lines

The implementation of a global sulfur cap slated for 2020 is estimated to add an additional $50-100 billion to the shipping industry's annual fuel bills, Lloyd's List reports.

News

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Strategic Marine Delivers ‘Triple First’ StratCat

Strategic Marine, a leading specialist shipbuilder and member of the TriYards Group, has delivered a world’s first to European windfarm service sector operator, Njord Offshore.

Drydocks World, Maritime World Win Excellence Awards

Drydocks World and Maritime World have won the Excellence Award given by the International Maritime Club at the Golden Bells Awards 2015 - Middle East. Drydocks

People in the News

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Strategic Marine Delivers ‘Triple First’ StratCat

Strategic Marine, a leading specialist shipbuilder and member of the TriYards Group, has delivered a world’s first to European windfarm service sector operator, Njord Offshore.

Drydocks World, Maritime World Win Excellence Awards

Drydocks World and Maritime World have won the Excellence Award given by the International Maritime Club at the Golden Bells Awards 2015 - Middle East. Drydocks

Government Update

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Drydocks World, Maritime World Win Excellence Awards

Drydocks World and Maritime World have won the Excellence Award given by the International Maritime Club at the Golden Bells Awards 2015 - Middle East. Drydocks

Poland's LNG Terminal - Unfinished Agenda for Saipem

Poland's liquefied natural gas (LNG) terminal at the Baltic port of Świnoujście will be completed only if Italian firm Saipem receives further payment, reports Reuters.

Logistics

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Gulf Bridge Express Service to End

The Gulf Bridge Express Service will shortly be terminated with the last roundtrip voyage being MV Saint Nikolaos voyage 00008S, ETA New Orleans on April 22, 2015.

China Unveils Action Plan on Maritime Silk Road

China has unveiled the principles, framework, and cooperation priorities and mechanisms in its Maritime Silk Road initiative in a bid to enhance regional connectivity

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2125 sec (5 req/sec)