Transneft News

09 May 2019

Russian Oil Contamination Still a Problem for Buyers at Ust-Luga Port

Russian oil quality from the Baltic port of Ust-Luga was improving on Thursday but still not good enough for refiners in Europe, with required standards expected only by May 11, trading sources said.The oil has been contaminated with organic chlorides, which can destroy refining equipment.

19 Feb 2019

As Traders Tussle Turkmenistan Cuts Exports

© kamontad123 / Adobe Stock

A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.Turkmenistan typically exports about 200,000 tonnes of oil per month via the Caspian to world markets, mainly from fields operated by the UAE's ENOC and Italy's Eni, but flows have halved in recent weeks, six traders involved in operations said.That happened after Turkmen producers decided to export oil via Russia with the help of Swiss trader Vitol and ditch the previous Azeri route…

14 Feb 2019

VTB Tightens Grip on Black Sea Grain Export Hub

© beketoff / Adobe Stock

Russia's second-biggest bank VTB is buying one of the biggest grain terminals at the Black Sea port of Novorossiisk, in a surprise move that gives the state lender more control over the country's main deep-sea grain export hub.VTB, which already owns a stake in another grain terminal at the port, said on Thursday that it was buying 100 percent of Novorossiysk Grain Terminal from Novorossiysk Commercial Sea Port (NSCP).Its deal to buy the terminal from NSCP, which is controlled…

22 Jan 2019

Turkmen Oil Exports via Russia’s Novorossiisk Port to Resume

Photo: NPT Group

Exports of Turkmen oil via Russia's Black sea port of Novorossiisk will resume in February, four market sources said.Turkmenistan stopped transit of its oil via Russia in 2016 and has been exporting all its crude via the Azeri Caspian port of Baku.Pumping Turkmen oil through the Makhachkala-Novorossiisk pipeline could add as much as 200,000 tonnes of crude per month into Russia’s Transneft system. Turkmenistan is currently shipping oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline…

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…

13 Apr 2018

Russia's Grip on Biggest Port Operator Tightens

Photo courtesy of NCSP

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…

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.

04 Aug 2017

Novorossiisk Port Resumes Oil Loadings

(File photo: Transneft)

Russian pipeline monopoly Transneft said on Friday that oil loadings from the Black Sea port of Novorossiisk had resumed after a storm.   Transneft added in a statement, however, that weather conditions at the port remained unstable. (Reporting by Vladimir Soldatkin; Writing by Alexander Winning)

30 Jan 2017

Russia Halts Oil Exports from Novo Due to Storm

Russian oil exports from the Black Sea port of Novorossiisk were suspended on Sunday due to storm, oil pipeline monopoly Transneft said on Monday.   It also said that loadings from the Pacific outlet of Kozmino resumed on Sunday after storm, which did not affect the loading schedule.   Other ports are working according to their plans, Transneft said. (Reporting by Vladimir Soldatkin; editing by Polina Devitt)

30 Dec 2016

Russia Resumes Liftings from Novorossiisk

Russian oil pipeline monopoly Transneft said it had resumed oil loadings from the Black Sea port of Novorossiisk on Friday morning after a storm. Transneft also said that it expected to export 30.6 million tonnes of oil from Novorossiisk, 50.6 million tonnes from Primorsk, 30 million tonnes from Ust-Luga and 31.7 million tonnes from Kozmino this year.   Reporting by Vladimir Soldatkin

19 Jul 2016

Transneft to Reroute Oil if Turkey Closes Straits

Russia's oil pipeline monopoly Transneft has the capacity to reroute oil from Russia and the Caspian Sea to other destinations if Turkey shuts the Bosphorus or Dardanelles straits, RIA News agency cites Transneft chief as saying. Turkish maritime authorities on Saturday shut the Bosphorus Strait to tankers for several hours following what the government said was an attempted coup. The strait, which links the Black Sea and Sea of Marmara and is important for oil shipping, was reopened the same day. Nikolai Tokarev, the head of Transneft, said the company has enough spare capacity in its westbound pipeline system to reroute oil in the event of any further closures of the straits.

17 Jul 2016

Turkey Reopens Key Shipping Route After Coup Attempt

Daily transit volumes through world maritime oil chokepoints Courtesy US Energy Information Administration

Turkish maritime authorities have reopened Istanbul's Bosphorus Strait to transiting tankers after shutting it earlier on Saturday for several hours following what the government said was an attempted coup by a faction in the military. The Bosphorus is one of world's most important chokepoints for the maritime transit of oil with over three percent of global supply - mainly from Russia and the Caspian Sea - passing through the 17-mile waterway that connects the Black Sea to the Mediterranean. It also ships vast amounts of grains from Russia and Kazakhstan to world markets.

11 Mar 2016

Russia to Resume Liftings at Novorossiisk Today

Russian state oil pipeline monopoly Transneft plans to resume oil loadings from the Black Sea port of Novorossiisk at midday on Friday following a storm, the company said on Friday. Russia's other ports operated by Transneft are working as usual, it added. Reporting by Vladimir Soldatkin

04 Feb 2016

Sovcomflot IPO Expected in Q3 2016

Image:  PAO Sovcomflot

The Russia's top shipping company Sovcomflot initial public offering (IPO) is expected in Q3 2016, part from the privatization program by the government. An IPO for Sovcomflot could take place later this year. The current fleet of Sovcomflot numbers 142 vessels with total deadweight of 12.4 million DWT. The troubled Russian economy will need for speed up the privatization of the country largest shipping company, as getting fresh funds into the budget for 2016. Russian president Vladimir Putin summoned on a meeting the directors of the leading state-owned companies…

13 Jul 2015

Russia Suspends Kozmino Oil Exports as Typhoon Approaches

Russia has suspended oil exports from the Pacific port of Kozmino on Sunday due to approaching typhoon, Interfax news agency cited a spokesman for oil pipeline monopoly Transneft as saying on Monday. It is expected that the wind will weaken by Monday evening and loadings could resume. A port official declined to comment. In June, Kozmino handled 2.4 million tonnes of oil. Reporting by Vladimir Soldatkin

05 Jun 2015

Azeri SOCAR's Oil Shipments via Russia Up 40 pct

Azerbaijan's SOCAR shipped 593,449 tonnes of oil via Russia in the first five months of 2015, up from 423,644 tonnes in the same period last year, the state energy company said on Friday. SOCAR said in January it had signed a one-year contract with Russian oil pipeline operator Transneft to transport 1.7 million tonnes of oil through the Baku-Novorossiisk pipeline, up from 1.02 million tonnes in 2014. SOCAR had planned to halt oil exports via Russia in February 2014, opting instead to send the bulk of its crude through the Baku-Tbilisi-Ceyhan pipeline and retaining some to cover rising domestic demand for oil products. The company reversed its plans later that month. Oil exports via Russia for the whole of 2013 totalled 1.75 million tonnes, down from 2.06 million in 2012.

24 Dec 2014

Pipeline Spills into Black Sea From Russian Source

A leak on a major Russian oil pipeline caused a spill in the Black Sea near the port of Tuapse on Wednesday where officials said stormy weather was hampering efforts to assess and respond to the mishap. "Some quantity of oil has spilled into the sea," Sergei Proskurin, first deputy captain of the port of Tuapse, told Reuters. He said the size of the spill was unclear and that emergencies services were working to deploy temporary floating barriers to contain the spill but were being delayed by the stormy conditions. Tuapse is a busy industrial and oil port but is located close to many Russian Black Sea resorts. It is just 118 km (73 miles) from the town of Sochi which hosted the 2014 Winter Olympics.

08 Dec 2014

Arctic Pipeline being Built from Messoyakhinskoe

Construction of Oil Pipeline from Messoyakhinskoe to Arctic Circle

Messoyakhneftegaz has began building a pressurized pipeline from the Messoyakhinskoe group of deposits, located to the north of Yamalo-Nenets Autonomous Region, to the main Arctic Circle-Purpe pipeline system. The oil pipeline with a maximum capacity of 7 million tonnes a year will be laid on both sides at the same time, and its length is 96.5 km. Oil transportation is scheduled to begin at the end of 2016 after the launch of the East Messoyakhinskoe oil fields into operation.

27 Oct 2014

Transneft Cites Weather, Suspends Some Liftings

Russian pipeline monopoly Transneft has suspended oil loadings through all Russian ports except for Makhachkala due to bad weather conditions, RIA news agency said on Monday. Russia is the world's second biggest oil exporter behind Saudi Arabia, shipping around 4 million barrels of oil per day. Just over half is sent from Russia's largest ports - Novorossiisk, Kozmino, Primorsk and Ust-Luga. Igor Dyomin, Transneft spokesman, told RIA that loadings from the Pacific port of Kozmino were stopped on Oct. 27 due to a storm. The Baltic ports of Primorsk and Ust-Luga have also stopped loadings due to a storm warning. Earlier on Monday, Transneft suspended oil supplies via its Tikhoretsk-Novorossiisk pipeline due to poor weather conditions at the port.

22 Jul 2014

Oil Products Flow to Primorsk Resumed

Russia resumed oil products shipments to Primorsk after a halt following "criminal tapping" of pipeline, a subsidiary of Russian oil pipeline monopoly Transneft said. "It has not affected and will not affect exports schedule," it added. Russia stopped oil products shipments to the Baltic Sea port of Primorsk on Tuesday due to "criminal tapping" of the pipeline. (Reporting by Gleb Gorodyankin; writing by Katya Golubkova; Editing by Lidia Kelly)

14 May 2014

Russia's Surgut to Export Baltic Diesel

Surgut to transport diesel by rail from its Kirishi refinery; Main diesel terminal in Primorsk reaches full capacity. Surgutneftegas will start exporting diesel from the Baltic port of Ust Luga next month after extensive modernising upgrades to Russian refineries have created a surplus of higher grade fuels, traders said. Russian refiners are struggling to find new ports to cope, with the Baltic's Primorsk already at full capacity. Surgut, Russia's third-largest oil producer, plans to transport diesel by rail from its 420,000 barrels-per-day (bpd) Kirishi refinery in northwest Russia to Ust Luga. From there it will be exported from the Sibur-Portenergo terminal owned by Sibur, Russia's top petrochemical company, the trading sources said.

24 Apr 2014

Transneft Worried Ukraine Will Take its Hungary Pipeline

Russia's oil pipeline monopoly Transneft said it was worried Ukraine may take control of its oil product pipeline to Hungary. A row over ownership of the pipeline has flared amid the deepest East-West rift since the end of the Cold War, over Russia's annexation of Ukraine's Crimea peninsula last month. Transneft said in a statement on its website Ukraine's courts have been considering a claim by the general prosecutor's office to transfer control over the pipeline, which shipped some 1.7 million tonnes (over 30,000 barrels per day) of oil products last year, to the state.

06 Mar 2014

Russia Eyes Boosting Primorsk Diesel Exports

Reuters- Russia's oil pipeline monopoly Transneft said on Thursday it plans to nearly triple exports of ultra low sulphur diesel (ULSD) from the Baltic Sea port of Primorsk after 2016 when domestic companies are expected to boost production. As there will be not enough pipeline capacity to export the production then, Transneft said it will adjust one of the crude oil links leading to Primorsk to a pipeline able to ship ULSD. Transneft would start works to ship ULSD from the Kirishi refinery, owned by Surgutneftegas, to Primorsk later this spring and the pipeline would be ready to ship the fuel next autumn or winter, the company said in emailed remarks.

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