Russian Baltic Oil Exports to Surge in New Year

Maritime Activity Reports, Inc.

December 23, 2014

Exports of Russian crude oil blend Urals will rise sharply in January from the Baltic Sea ports on the back of a government decision to cut export duties, a preliminary export schedule showed on Tuesday.

Russia will raise crude oil exports from Primorsk to 3.6 million tonnes in January from 2 million tonnes in December.

The neighbouring port of Ust-Luga will increase Urals exports to 2.2 million tonnes next month from 1.672 million tonnes scheduled for loading in December.

A full January export schedule for the Black Sea port of Novorossiisk has yet to be released. (Reporting by Gleb Gorodyankin

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