Yamal LNG Resumes Loading Operations in Norway
Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek, is resuming ship-to-ship transfers in Norway, Novatek said on Monday, after plans to shift the operations to Russia fell through due to coronavirus.Novatek suspended transfers in Norway in June last year due to what it termed "pressure from the West".According to Refinitiv Eikon data…
Fire Breaks Out at Lukoil-Owned Ukhta Oil Refinery
A blaze ripped through the small-scale Ukhta oil refinery, controlled by Russian oil major Lukoil, the emergency ministry said on Thursday.It said the fire hit a diesel processing unit and that one man had been injured. Lukoil declined any immediate comment.Video footage posted on social media purported to show a huge ball of fire over the refinery. The ministry said the fire has spread through 1…
Russia's Rosneft Tenders Marine Fuel Cargos in Euros
Top Russian oil producer Rosneft has put up marine fuel cargos for sale with the euro as the default currency, a tender document showed on Monday, in line with its plan to sell oil products in the single currency instead of the U.S. dollar.Rosneft said it had tendered to sell up to 70,000 tonnes of low-viscosity marine fuel with sulphur content of up to 1% from its oil refineries with delivery between Sept. 1 and Oct.
Storms, Snow Disrupt Exports from Russian Baltic
Storms, snow and freezing temperatures in Russia's northwest to the south have delayed some oil product exports but the fall in volumes so far has not been exceptional for the time of year, industry sources said on Thursday.Products are mainly shipped from ports on the Baltic coast, Black Sea, Sea of Azov and the Far East. They are mostly transported by rail and pipelines…
Surgut Awards Gunvor With Up to 1.0 mln T of Gasoline From Ust-Luga-trade
Russia's Surgutneftegaz has sold Gunvor an up to 1.0 million tonnes of normal gasoline (motor gasoline A-76) from its Kirishi refinery at a tender, to be delivered in April-December from the Baltic Sea port of Ust-Luga, traders said. Market sources estimated the discount level stronger than minus $45 a tonne. Surgut's pricing formula is based on the mean of the five mean consecutive quotations of Eurobob…
Russia's Tuapse Oil Refinery Yet to Restart Main Unit After Fire
Russia's Tuapse oil refinery, which is owned by Rosneft, has yet to restart its sole primary processing CDU-12 unit after a pump was damaged by a fire on Wednesday, the energy ministry said. Plant officials earlier said no-one was injured and the fire was quickly put out at the Black Sea refinery. (Reporting by Natalia Chumakova and Maxim Nazarov; Writing Vladimir Soldatkin)
Lukoil Opens Russia's Largest Vacuum Gasoil Processing Complex
Lukoil, Russia's No. 2 oil producer, opened the country's largest vacuum gasoil (VGO) hydrocracking facility at its Volgograd refinery on Tuesday, built as part of a sweeping modernisation of the country's refineries. The $2.2 billion VGO complex, which also includes hydrogen and sulphur production, can process up to 3.5 million tonnes of VGO a year.
One Killed in Accident at Rosneft's Komsomolsk Refinery
One worker was killed in an accident at oil company Rosneft's Komsomolsk refinery located in Russia's Far East, the refinery's press-service said in emailed statement on Tuesday. The worker was from a contractor firm working on the site, it added. The refinery added in a detailed statement later on Tuesday that the accident had occurred during tests at a pipeline which was undergoing maintenance works.
Lukoil Now Filling ULSD Pipeline to Vysotsk
Russia's Lukoil has began filling a pipeline destined for its export terminal in the Baltic Sea port of Vysotsk with ultra-low sulphur diesel (ULSD) on Wednesday evening, two industry sources told Reuters. Lukoil spokesman did not return calls seeking a comment. Sources were not aware when first tanker with ULSD may leave Vysotsk. Reporting by Denis Pinchuk and Natalia Chumakova
Novatek Starts ESPO Blend Exports From Kozmino
Novatek started exporting ESPO Blend for the first time from the Far-Eastern port of Kozmino in January, traders said. The company sold 60,000 tonnes of ESPO Blend to trading company Concept Oil, which creates export cargoes for small oil producers in East Siberia, market participants said. ESPO Blend cargoes for small producers are sold on the Asian market by Swiss-based trading company Tenergy.
Gunvor sells last asset in Russia
Trading house Gunvor has agreed to sell its last asset in Russia, a 50 percent stake in the Novorossiisk fuel oil terminal to a subsidiary of Kremlin-controlled Transneft, an industry source told Reuters on Monday. Gunvor, one of the world's top five oil trading houses, has been seeking to limit its exposure to Russia since former co-owner, Russian billionaire Gennady Timchenko, was hit by U.S. sanctions last year.
Urals Weakens Further in Baltic
Russian Urals crude differentials continued to slide in the Baltic on Thursday amid a flurry of activity with softer refining margins, pushed down by higher oil prices, still keeping buyers at bay. In the Platts window, Statoil bought a 100,000-tonne cargo from Glencore for loadings on Oct. 18-22 in the Baltic at dated Brent minus $2 a barrel, some 20 cents weaker than on Wednesday, traders said.
Russia's Urals Export Higher from Baltic, Down from Novo
Russia is seen increasing its exports of Urals crude oil from its Baltic ports in August, while shipments from Novorossiisk on the Black Sea are expected to decline, a preliminary loading schedule showed on Friday. On the Baltic, Urals exports from Primorsk are expected to rise to 3.3 million tonnes from 2.9 million tonnes this month, while the neighbouring port of Ust-Luga is seen handling 2 million tonnes of Urals next month…
Rosneft Tests New Unit at Tuapse Refinery
Oil producer Rosneft started test runs of a new vacuum unit at its refinery in the Black Sea port of Tuapse this month as it plans to start production of vacuum gas oil (VGO) and to launch exports in June, industry sources said. "They (Rosneft) started operations of a vacuum unit (at the Tuapse refinery), but so far only in a test mode," one trader told Reuters.
Russia's Refinery Runs in December Down
Russian oil refinery runs in December fell by 2.1 percent month-on-month or 123,787 barrels per day (bpd) due to a series of outages, data from the Energy Ministry and Reuters calculations showed. Refineries processed 5.862 million barrels of crude oil per day in December versus 5.986 million in November. Three major Russian refineries were hit by unplanned outages in December, Reuters data showed.
Russia's Refinery Runs Up in May
Russian oil refinery runs in May rose by 6.1 percent month on month or 329,911 barrels per day (bpd) following seasonal maintenance, data from the Energy Ministry and Reuters showed. Refineries processed 5.76 million barrels of crude oil per day in May versus 5.43 million in April. Rosneft's Novokuibyshevsk and Ryazan refineries increased oil processing by 126.4 percent and 48.4 percent…
Rosneft Tenders to Sell 876,000 Tonnes of VGO
Russia's top oil producer Rosneft has issued tenders to sell 876,000 tonnes of vacuum gasoil (VGO) out of the Baltic Sea and the Black Sea between July and December, traders said on Tuesday. One tender calls for bids to buy up to 540,000 tonnes of VGO from Rosneft's Ryazan and Novokuybishevsk refineries on a free-on-board (FOB) basis from the Baltic Sea.
