​May Russia Diesel Exports to Europe Tracked at Over 8 Million Bbl

May 28, 2014 at 07:52 by Michelle Wiese Bockmann in Tanker and Oil Industry tagged with

Exports of ultra-low-sulfur diesel from Russia and other Baltic seaports are currently tracked at 1.120 million metric tons (8.34 million bbl) in May, according to the OPIS Tanker Tracker.

Shipments were seen on 41 tankers to May 28, equivalent to nearly 298,000 b/d over the period, according to information from brokers and satellite-tracking data compiled by OPIS. All tankers were tracked unloading at ports in Europe, where Russia is the second-largest supplier of ULSD after the U.S.

The May tally is lower than the almost 1.3 million tons tracked out of Russia and Baltic ports in April, which was the largest seen since OPIS began collating records last November.

Eurostat data for January and February, the latest figures available, showed exports in the two months were the highest and second-highest ever recorded, at 1.3 million tons and 1.1 million tons respectively, and 44% higher than the same period last year.

Exports from Primorsk, Russia's biggest export port, were measured at 883,000 tons, OPIS Tanker Tracker data show.

Primorsk February shipments were tracked at 886,000 tons and nearly 900,000 tons in January.

ULSD, defined as gasoil with less than 0.001% sulfur content, imported to Europe from Russia in 2013 grew to 9.6 million tons, or just over 196,000 b/d, from 6 million tons a year earlier, Eurostat figures show.

The seller of the ULSD during May was known in all but three of the 41 shipments.

Lukoil was the largest supplier, and shipped 431,000 tons, followed by oil company Surgutneftegas with 187,000 tons, and refiner TAIF-NK with 120,000 tons.

Rosneft had 96,000 tons shipped, all of which were sold to oil trader Vitol. BP took all of TAIF-NK's cargoes, while Shell bought three of Lukoil's.

IPP, a Finnish and Russian oil company, took all the Surgutneftegas cargoes. Gennady Timchenko, co-founder of Gunvor Group, sold his IPP stake a day before U.S. sanctions were announced against him in March, according to Reuters news agency.

​May Russia Diesel Exports to Europe Tracked at Over 8 Million Bbl

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