Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Russia's Transneft expects oil exports to grow by 3.7% in 2016

September 12, 20:04 UTC+3 MOSCOW
Russian pipeline monopoly Transneft will stop the export of oil through the ports of the Baltic States in 2018
1 pages in this article
© Egor Aleev/TASS

MOSCOW, September 12. /TASS/. Russian pipeline monopoly Transneft plans to increase oil transportation by 1.5 mln tonnes in 2016 to 482 million tonnes, while oil exports will increase to 238 million tonnes, the company’s head Nikolai Tokarev said at a meeting with Russian President Vladimir Putin.

"This year, we plan to provide transportation of about 482 million tonnes. This is by 1.5 million more than last year. Of this volume - 238 million tonnes will be exported and 244 million tonnes will be refined within the country. The figures of internal processing also slightly grew as the plants have new facilities after reconstruction," he said.

In 2015, oil exports via the network of Transneft increased by 7.4% as compared with 2014 and amounted to 229.6 million tonnes.

Earlier it was reported that Transneft expected its oil exports to drop by 6% compared with the previous year to 215.8 million tonnes in 2016.

In particular, the planned total annual export of oil through ports is 116.5 million tonnes.

In particular time the company planned to export 27 million tones via the port of Novorossiysk on the Black Sea, 35.5 million tonnes via the port of Primorsk, 23 million tonnes via the port Ust-Luga (both on the Baltic Sea) and 31 million tonnes via the port of Kozmino (in Russia’s Far East).

In 2015, exports via the port of Kozmino increased by 5.5 million tonnes to 30.4 million tonnes. Exports via Primorsk grew by 2.7 million tonnes to 45 million tonnes, and through Ust-Luga - by 3.6 million tonnes to 26.8 million tonnes. Exports through the port Novorossiysk remained at the level of 30 million tonnes.

Export through ports of Baltic States

Tokarev said the company will stop the export of oil through the ports of the Baltic States in 2018.

"In accordance with the government’s order, thanks to the construction of new oil pipelines we will redirect freight traffic from the Baltic port of Ventspils and Riga to our Baltic ports of Ust-Luga and Primorsk and to Novorossiysk. If last year about 9 million tonnes of oil were shipped there (in the Baltic States - TASS) this year it is only 5 million. By 2018, in the coming years, we will reduce the flow of products to the Baltic region to zero. We will upload our own ports, as there is a surplus of capacities," he said.

Kuyumba-Taishet oil pipeline

Transneft plans to put into operation the Kuyumba-Taishet pipeline in December, according to Tokarev.

"At the end of the year, in December, we are commissioning another trunk pipeline - Kuyumba-Taishet, it will allow oil companies to enter the rich oil province, and to be connected to the ESPO (Eastern Siberia - Pacific Ocean pipeline system - TASS) We did it three years," he said.

The launch of the Kyumba-Taishet trunk pipeline will make it possible to switch the Yurubcheno-Tokhomskoye and Kuyumbinskoye fields in the Krasnoyarsk region to the ESPO system. The construction is estimated at 124.2 bln rubles ($1.2 bln).

ESPO pipeline runs from Taishet (the Irkutsk region) through Skovorodino (Amur region) to Kozmino oil port in Nakhodka Bay in Russia’s Far East. It connects the fields in Western and Eastern Siberia with the markets of Asia and the US. The pipeline is 4,740 km long.

The first stage of the ESPO pipeline was put into operation in December 2009, the second - in December 2012.

Earlier Transneft reported that the project on the expansion of the pipeline system will be completed by 2020.

Show more
In other media
Реклама
Реклама