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Port Of Primorsk News

05 Mar 2024

Turkish Oil Terminal Halts Russian Oil Business

© Kalyakan / Adobe Stock

One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.Turkey has become one of the biggest importers of Russian crude and fuel since 2022, after the West imposed sanctions on Moscow for the invasion of Ukraine. Russia responded by re-routing oil away from Europe and the U.S. to Asia, Turkey and Africa.Global Terminal Services' (GTS)…

14 Nov 2023

Kremlin, on US Probe into Oil Sanctions, Says Russia Acting in Own Interests

© Vallehr / Adobe Stock

The Kremlin said on Tuesday that Russia was acting in its own interests when asked about a probe by the United States into alleged violations of Western oil sanctions on Moscow.Kremlin spokesman Dmitry Peskov also told a daily conference call with reporters that President Vladimir Putin would hold a meeting on the fuel and energy complex later on Tuesday.The U.S.

05 Sep 2023

Russia's Seaborne Diesel Exports on the Rise

© Arestov Andrew / Adobe Stock

Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3.1 million metric tons versus 2.458 million metric tons in July, Refinitiv Eikon data and Reuters calculations showed.After the full EU embargo on Russian oil products took effect on Feb. 5, Turkey remains the main destination for Russian diesel and gasoil seaborne exports…

05 Apr 2023

Russia Using Ship-to-ship Diesel Transfers for Transatlantic Exports

Russia has started to make ship-to-ship (STS) transfers of diesel near African ports as it seeks transatlantic sales, according to traders and Refinitiv Eikon data.A full EU embargo on Russian oil products on Feb. 5 has boosted Russian diesel exports to Asia, Africa, and the Middle East, with STS loadings in the Mediterranean helping to shorten eastern routes. Last month, Russia sent about 1.0 million tonnes of diesel to African countries, some of which could be re-exported, traders said."Some volumes could be blended and resold or transshipped to reduce freight costs on the long routes," one trader said.About 42,500 tonnes of diesel…

10 Mar 2023

Report: Russia Exporting Diesel to Saudi Arabia via Ship-to-ship Loadings

Russia is ramping up its diesel supplies to Saudi Arabia using ship-to-ship (STS) loadings in addition to direct supplies, market sources said, and Refinitiv data showed.Exporters of Russian diesel are trying STS to save on new longer and therefore costly routes after a full EU embargo on Russian oil products was imposed on Feb. 5. They are switching Russian diesel exports to Africa and Asia instead of adjacent European countries.In February, Russia began direct diesel exports to Saudi Arabia, sending about 190,000 tonnes to the ports of Ras Tanura and Jeddah.STS loadings help to shorten the routes and could save time by going through the Suez Canal…

07 Mar 2023

Russia Begins Diesel Exports to Saudi Arabia

© Vladimir / Adobe Stock

Russia began diesel exports to Saudi Arabia in February as it seeks to contend with an EU embargo on Russian supplies, traders said and Refinitiv data shows.A full EU embargo on Russian oil products started on Feb.

01 Mar 2023

Lukoil Sets up Ship-to-ship Russian Oil Loadings Near Kaliningrad

© yriy47 / Adobe Stock

Russia's second-largest oil producer Lukoil has set up ship-to-ship (STS) loadings of Urals oil near the western port of Kaliningrad, Refinitiv Eikon data showed and trading sources told Reuters on Wednesday.The data shows 100,000 tonnes of Urals crude was loaded on the Andaman Skies tanker at the Baltic port of Primorsk on Feb. 11.

05 Dec 2022

Russian Oil Sanctions Fuel Demand for Old Tankers

©Vladimir/AdobeStock

The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude.As Western shipping and maritime services firms steer clear of Russian oil to avoid falling foul of sanctions or harming their reputations, new companies have leapt into the void, and they're snapping up old tankers that might normally be scrapped.The European Union banned all seaborne Russian crude imports from Dec. 5, with a fuel import ban to follow in February.

16 May 2022

Activists Block Greek Tanker with Russian Cargo from Entering UK Port

Greenpeace protesters have blocked the entry of a Greek tanker into a southern English port due to its Russian fuel cargo with police making arrests, the green group said on Monday.Britain and the EU have separately banned Russian-flagged vessels from their ports, with exemptions, after Russia's invasion of Ukraine in what the Kremlin describes as a "special military operation."The UK has said it will phase out imports of Russian oil by the end of the year, which has meant that foreign-flagged vessels carrying Russian cargoes are still able to call at ports for the time being.Greenpeace said 12 activists occupied a jetty on Sunday evening in Navigator Terminals' Thames site in Essex…

21 Oct 2019

Sovcomflot Advances Green Shipping Along the NSR

Photo: Sovcomflot

Two large-capacity Sovcomflot tankers using cleaner-burning LNG as a primary fuel, Mendeleev Prospect and Lomonosov Prospect, have successfully completed their respective voyages eastbound along the Northern Sea Route (NSR).Lomonosov Prospect has reached Cape Dezhnev, the easternmost end of the NSR, at 05:50 Moscow time on October 16, 2019. Mendeleev Prospect did the same three days later, at 13:00 Moscow time on October 19, 2019. Both vessels, bound for China with a cargo of crude oil from the Port of Primorsk…

22 Oct 2018

Gagarin Prospect Performs Ship-to-Ship LNG Bunkering

The large-capacity Aframax tanker "Gagarin Prospect", owned by Russia's SCF Group,  successfully implementated  construction and operation commencement  using LNG as the primary fuel.Konstantin G. Palnikov, Director General of Russian Maritime Register of Shipping, participated in a protocol event dedicated to this project.This pioneered the expansion of LNG fuel into the global shipping industry, for large-capacity ships not tied to fixed routes or set timetables.The specialized LNG bunkering ship Cardissa, a unit of Royal Dutch Shell, successfully performed its first ship-to-ship LNG bunkering to take place at the port of Rotterdam two weeks ago.On 15 October, in the port of Primorsk "Gagarin Prospect" carried out the first loading taking on board 104,815 tons of crude oil.

23 Apr 2018

Transneft Rejects Summa's Proposal to Complete Port Deal

(Photo: NCSP)

Russian oil pipeline monopoly Transneft has rejected a proposal from its rival Summa Group to complete a deal to buy a Novorossiysk Commercial Sea Port (NCSP), a Transneft spokesman said on Monday.If the deal goes ahead it will allow Transneft to take control of Russia's largest port operator. But Transneft said earlier this month it had suspended talks on the deal after the authorities arrested the co-owner of Summa, Ziyavudin Magomedov, on charges of embezzling more than $35 million.Magomedov denied the charges at a pre-trial hearing…

12 Mar 2018

Russia Ramps up Fuel Exports in Fight for European Market

© Mikhail Perfilov / Adobe Stock

Russia plans to sharply increase fuel exports and carve out a larger share of the European market following an extensive $55 billion modernisation of its refineries, companies' plans and analysts' reports show. Russia embarked on a modernisation of its biggest refineries in 2011 following a fuel shortage crisis. It also changed its tax system to favour production of cleaner and higher-quality fuel. The modernisation, which has not been completed yet, led to a surge in output of light products and exports, which has hurt European refineries' margins.

25 May 2017

Urals Oil Exports From Baltic Ports to Fall in June

File photo: NCSP Group

Russia's June Urals crude exports from the Baltic Sea ports are expected to fall by 15 percent compared with May on a daily basis to 5.51 million tonnes, a preliminary loading plan seen by Reuters showed on Thursday. Crude loadings from the port of Primorsk were set to fall by 30 percent to 2.71 million tonnes due to planned works on Baltic pipeline system. Supplies from the neighbouring Ust-Luga port are set at 2.8 million tonnes, up 100,000 tonnes from the May loading plan.

29 Apr 2016

Russia Diesel Exports from Primorsk to Rise in May

Russia is set to export 1.256 million tonnes of ultra-low sulphur diesel from the Baltic Sea port of Primorsk in May, slightly up from 1.209 million tonnes in April, trading sources said on Friday.     (Reporting by Ron Bousso. Editing by Jane Merriman)

28 Mar 2016

Russia Tops up Urals Oil Exports from Baltic Sea

Russia will ship an extra 100,000 tonnes of Urals crude oil from the Baltic Sea port of Primorsk in April, bringing total shipments from that port to 4.6 million tonnes, according to a schedule seen by Reuters on Friday.   The extra cargo will be shipped by Rosneft on April 20-21.   This will increase total Urals oil supplies from the Baltic Sea to 7.1 million tonnes next month - the highest monthly figure since October 2013. (Reporting by Olga Yagova; writing by Vladimir Soldatkin; Editing by Alexander Winning)

20 Jan 2016

Glencore Sells Russian Blend to Chevron for U.S. Delivery

Swiss-based trader and miner Glencore has sold 100,000 tonnes of Urals for loadings from Primorsk on Jan. 16-17 to Chevron for delivery to the US Gulf Coast, traders said, making a return to the United States after a four-year hiatus. Glencore originally bought the cargo from Russia's Rosneft under a five-year pre-finance agreement, according to the traders. Rosneft declined to comment. Glencore does not typically comment on its trading deals. The cargo had been loaded from the Baltic Sea port of Primorsk on the vessel called Sparto, port agents' data shows. Sparto was heading to Skagen in Denmark, where it would be re-loaded onto another tanker for shipment to the United States, traders said.

07 Jan 2016

Slow Start for Tanker Rates in New Year

A super year for the VLCCs behind us which ended at earnings Meg/East close to $100k/day, says Fearnleys Week. The new year has started somewhat slower and rates ex Meg are off the peaks, but earnings remain very healthy. Continued interest for period is keeping the momentum going and rates ex Meg seem to withstand charterers fierce attempts to shave further off the rates. Close to two thirds of the January program covered so far in the Meg and further direction dependent on what is left before the BOT Feb stems are available only in a week or so. Wafr/East continues steady with dates well into Feb being traded and rates stable. Increased activity Caribbean/East with rates firming is absorbing tonnage available in the area.

01 Oct 2015

Russia to Deepen Novorossiysk for Larger Ships

The Russian government plans to spend between $400 to $500 million to expand and deepen the harbor of the Novorossiysk seaport to handle larger vessels, reports Moscow News. Construction, in order to make it more competitive with Ukrainian ports also on the Black Sea,  is set to begin in the first quarter of next year with completion scheduled for 2020. Russian government expects that the project will boost container volume at Novorossiysk by 10 to 15 percent annually. The operator, NCSP Group is Europe’s third largest port operator in terms of cargo turnover, and the undisputed leader in the Russian market. The Group operates two of the largest Russian ports – Port of Novorossiysk on the Black Sea coast…

01 Sep 2015

Gunvor Emerges as Winner in Rosneft's Jumbo Oil Tender

Trading house Gunvor, which has been selling assets in Russia, has again emerged as the winner of a semi-annual Rosneft tender, traders said on Tuesday.   They said Gunvor would lift from 200,000 tonnes to 500,000 tonnes of Russian Urals crude per month from the Baltic Sea port of Primorsk in October-March.   Rosneft declined to comment. The traders said that the company has not officially sent the tender results to the winners.   Traders also said that Chinese Unipec would lift 140,000 tonnes of Urals from the Black Sea port of Novorossiisk.   The results of tender for 80,000-cargos were not immediately available.     (Reporting by Gleb Gorodyankin; writing by Vladimir Soldatkin)

20 Jul 2015

Med Crude-Russian Urals Weakens in Mediterranean

Russian Urals crude weakened in the Mediterranean on Monday and paper swaps showed potential for the grade to lose further ground in August. In the Platts window, Litasco offered an 80,000 tonne cargo in the Mediterranean at dated Brent minus 65 cents, some 20 cents weaker than previous price estimates, but found no buyers, traders said. Urals August swaps showed prices could weaken to dated Brent minus 60 to 75 cents in the Mediterranean and by some 10-15 cents in the Baltic from the current levels of dated Brent minus $1.20-1.30 a barrel. "It looks like August could be similar or slightly shorter than July in terms of volumes. So prices will most likely remain range-bound," said a trader with an oil major.

16 Jun 2015

Russia to Cut Pipeline Oil Exports, Oil Transit

Photo: Novorossiisk Commercial Sea Port

Russia plans to cut oil exports by pipeline and oil transit by 0.6 percent to 52.5 million tonnes in the third quarter, quarter-on-quarter, trade sources citing a loading schedule said on Tuesday. The sources, who spoke on condition of anonymity, told Reuters oil exports and transit via the Baltic Sea port of Primorsk were seen rising to 12.4 million tonnes from 12.1 million in the second quarter. Those through the Ust-Luga port were seen falling to 6.6 million tonnes from 7 million. The Black Sea port of Novorossiisk is expected to ship 7.4 million tonnes versus 7.8 million tonnes.

25 Nov 2014

Russian Liftings for Western Options at 12-Year Low

MOSCOW, Nov 25 (Reuters) - Exports of Russian crude oil to Western markets are set to fall by almost a third in December and reach a 12-year low as traders withhold cargoes to wait for lower duties from Jan. 1, a preliminary export programme showed on Tuesday. Total seaborne Urals crude exports are seen at 5.3 million tonnes next month, their lowest since February 2003, when they stood at 5.1 million tonnes. The decreasing volumes may bolster Russia's position in talks to persuade members of the Organization of the Petroleum Exporting Countries to cut its oil production to bolster prices, which fell by 30 percent from a June peak. According to the preliminary schedule…