Rosneft Diverts Oil From Novorossiysk After Drone Attack
Rosneft is diverting oil supplies to the Tuapse refinery from the Black Sea port of Novorossiysk after the terminal, which handles roughly 14% of Russia's crude exports, was heavily damaged in a drone attack, three sources said on Monday.A Ukrainian drone attack sparked a large fire at the Sheskharis oil terminal in the Novorossiysk port last week, damaging two of its main berths and forcing oil exports from the port to halt, according to the sources, who were familiar with the…
Russian Oil Exports Curtailed By Drone Attacks, Weather
Russia has been unable to capitalize on this week's surge in global crude prices, as days of Ukrainian drone attacks and harsh winter storms have sharply curtailed its capacity to export oil, industry sources said.Russia's Sheskharis oil terminal in Novorossiysk port suspended oil loadings on Monday after a Ukrainian drone attack left a fuel terminal ablaze and damaged dozens of buildings, Russian and Ukrainian officials and three trade sources said.Crude oil benchmarks rose about 8% on Tuesday…
Novorossiysk Falls Behind Schedule on Loadings Due to Jetty Damage
Crude loadings at Russia's Novorossiysk port are about two to three days behind schedule as damage caused by a November 14 Ukrainian attack has limited the capacity of a key jetty at the terminal, three sources familiar with the matter told Reuters.The Black Sea port of Novorossiysk and a neighbouring Caspian Pipeline Consortium terminal, through which one fifth of Russia's crude exports flow, suspended oil exports on Friday after the attack. Novorossiysk resumed them on Sunday.The Ukrainian attack on the Sheskharis oil harbour at Novorossiysk damaged berths 1 and 1A…
Novorossiysk Port Resumes Oil Trade after Ukrainian Attack
Russia's Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missile and drone attack, two industry sources said and LSEG data showed.Novorossiysk and a neighbouring Caspian Pipeline Consortium terminal temporarily suspended oil exports - equivalent to 2.2 million barrels per day, or 2% of global supply - on Friday. Global oil prices rallied by more than 2% on supply fears after the attack.Two industry sources told Reuters on condition of anonymity that loadings had resumed.According to LSEG data…
Kazakhstan Could Redirect Oil Exports via Russia's Baltic Ports if Black Sea Situation Worsens
Aug 18 (Reuters) - Kazakhstan could redirect oil exports to Russia's Baltic Sea port of Ust-Luga instead of Novorossiysk, if the situation on the Black Sea deteriorates, the head of Kaztransoil's transport department said on Friday.Kaztransoil's Abay Beisembaev said during an online briefing: "If the situation in the Black Sea worsens, the volumes that we transport in the direction of the port of Sheskharis (in Novorossiysk) will be transferred to the port of Ust-Luga." Novorossiysk…
US Receiving Last Russian Oil Cargoes Before Wind-down
Nine tankers carrying Russian-origin crude and fuel oil have discharged in the United States in April, likely the last ones to deliver before a wind-down set by Washington expires this week, customs and tanker tracking data showed.The United States last month set an April 22 ban on imports of Russian crude and refined products. The United States gave importers of Russian petroleum, liquefied natural gas and coal 45 days to take en route and under-contract cargoes.Tanker Seamagic, which loaded fuel oil at Russia’s Taman port, discharged at Valero Energy’s St. Charles, Louisiana, refinery last week, the last of the nine tracked to discharge.
Rush of Brazilian Sugar Cargoes Unusually Heads to Russia
At least five vessels are headed toward Russia with nearly 200,000 tonnes of Brazilian raw sugar sold by European traders, according to shipping data seen by Reuters, about double the country's normal annual imports of the sweetener.Sanctions following Russia's invasion of Ukraine have boosted demand for sugar and other food staples there, and store shelves have been emptying due to food hoarding. Yet sanctions may also make it harder for shippers to get paid for their cargoes.The volume of sugar being shipped is unusually high, traders said, noting Russia tends to import roughly 100,000 tonnes of sugar per year. Russia is not a notable importer or exporter of sugar…
Transneft Rejects Summa's Proposal to Complete Port Deal
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…
Russia's Grip on Biggest Port Operator Tightens
Moscow tightened its grip on Russia's biggest port operator on Friday, making a government official chairman and ousting representatives of the only private shareholder from the board.The changes follow the arrest last month on organized crime and embezzlement charges of Ziyavudin Magomedov, head of the Summa conglomerate which with a joint venture partner owns a 50.1 percent stake in the port operator. He denies the charges.Several senior Russian business executives have said the prosecution would allow the state to extend its control over the Russian economy…
Russia Supplies Syria Mission with Turkey's Old Cargo Ships
Earlier this year, an old refrigerator ship called the Georgiy Agafonov, built to transport fruit and vegetables for the Soviet Union, was quietly gathering rust in the Ukrainian port of Izmail where the Danube flows into the Black Sea. Its owners, a Ukrainian state company, assumed it would never sail again. When a Turkish company offered to buy it for $300,000, they watched as the hulk was towed away, presumably for scrap. Nine months later the ship is back at sea, renamed Kazan-60, reflagged as part of Russia's naval auxiliary fleet, and repurposed as an unlikely part of Moscow's biggest military operation outside the old Soviet boundaries since the Cold War.
Russia Revives its Black Sea Submarine Fleet
Russia is making moves to revive and increase the size and scope of its Black Sea submarine fleet, the Russian Ministry of Defense stated. Project 636.3 Varshavyanka diesel-electric submarines that will sequentially join the Russian Black Sea Fleet will help revive full-fledged submarine forces in Novorossiysk already next year, Russia’s Navy Commander-in-Chief, Admiral Viktor Chirkov said. He stated during a meeting with the Main Naval Command in Saint Petersburg on Monday that he believes that the submarine fleet will be "revived" and ready for action by 2016. The Russian Black Sea Fleet will have a group of submarines possessing the long-range and autonomous cruising capacity, modern armament systems and effective radio-technical and navigational complexes.
NCSP Group Cargo Traffic Up 6% in Q1 2015
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) reports that Group’s consolidated cargo turnover in Q1 2015 increased by 2 million tonnes or 6.0% year-on-year reaching 35.6 million tonnes. Liquid cargo is up 1410 thousand tonnes or 5.2% year-on-year reaching 28 353.6 thousand tonnes. Bulk cargo grew by 180.5 thousand tonnes or 7.5% year-on-year totaling 2 583.1 thousand tonnes. General cargo increased by 543.1 thousand tonnes or 18.3% year-on-year to 3 510.5 thousand tonnes. Copntainer traffic in the reporting period totaled 118.1 thousand TEU and 1 178.5 thousand tonnes. «Cargo volumes have been growing for three months from the beginning of the year.
Black Sea Offshore Drilling Upgrade Underway
Boost for Novorossiysk supply base to meet growing demand. GAC Russia said it is underlining its commitment to offshore oil & gas exploration and extraction in the Black Sea with a major project to upgrade its facilities at the port of Novorossiysk. The Black Sea is one of the areas in which the development of fields looks set to boom as Russian oil majors are granted licenses and joint ventures are formed with international energy companies to develop blocks. GAC Russia has already…
GAC Russia To Upgrade Facilities At Novorossiysk Port
GAC Russia is underlining its commitment to offshore oil & gas exploration and extraction in the Black Sea with a major project to upgrade its facilities at the port of Novorossiysk. The Black Sea is one of the areas in which the development of fields looks set to boom as Russian oil majors are granted licenses and joint ventures are formed with international energy companies to develop blocks. GAC Russia has already signed contracts with one of the key players to provide supply base support for their operations from Novorossiysk. Facilities include a dedicated berth, open and closed storage areas, site for liquid mud plant and dry bulk plant and office premises.
