Russia's Seaborne Oil Product Exports Fell in March

April 15, 2024

Russia's seaborne oil product exports fell 4.2% in March from the previous month to 10.178 million metric tons due to unplanned maintenance at refineries and a uel export ban, data from industry sources and Reuters calculations showed.

Russia's daily offline primary oil refining capacity has jumped by around a third in March to 4.079 million metric tons from February due to drone attacks, Reuters calculations based on data from industry sources showed.

© AU USAnakul+ / Adobe Stock
© AU USAnakul+ / Adobe Stock

Last month, a fire broke out after a Ukrainian drone attack at the Norsi refinery, Russia's fourth largest refinery owned by Lukoil, and at three oil refineries, controlled by Rosneft: Ryazan, Syzran and Kuibyshev.

Russia also imposed a six-month ban on gasoline exports from March 1 to keep domestic prices stable.

Total oil product exports via the Baltic ports of Primorsk, Vysotsk, St. Petersburg and Ust-Luga last month decreased 9.7% from February to 5.680 million tons, data from market sources showed.

Fuel exports via Russia's Black Sea and Azov Sea ports rose in March by 7.2% from the previous month to 3.741 million tons.

Oil products export supplies from Russia's Arctic ports of Murmansk and Arkhangelsk fell last month by 64.4% from February to 43,400 tons.

Fuel export loadings at Russia's Far East ports decreased by 1.6% in March month-on-month to 713,000 tons, data from sources and Reuters calculations showed.


(Reuters - Reporting by Reuters; Editing by Louise Heavens)

Related News

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms Bourbon to Support Oil and Gas Major’s Drilling Campaign Off Namibia China Ups Pressure on Philippines to Cede Claims in South China Sea DOF Lands IMR Vessel and Subsea Services Contract in Asia Pacific China Objects to New Philippine Maritime Laws Covering South China Sea Areas