Row Over Port Control Disrupts Russia’s Oil Product Exports

Russia’s exports of oil products from the Black Sea port of Novorossiysk have been disrupted since the beginning of this month due to a conflict over the control of the port, Reuters reported on Wednesday, citing four industry sources. The port of Novorossiysk handles between 300,000 tons and 350,000 tons of oil products each month, [...]

March 20th, 2018|

Kazakhstan plans to transport 100,000 tonnes of cargo by sea in 2018

By Kamila Aliyeva The bill on ratification of the Protocol of 2005 to the Convention for the Suppression of Unlawful Acts against the Safety of Maritime Navigation was considered at the enlarged meeting of the Senate Committee on Foreign Relations, Defense and Security, Kazinform reported. “In 2005, the International Maritime Organization adopted a number of [...]

February 19th, 2018|

Russia Struggling To Expand Arctic Oil Production

Oil production from Russia’s Arctic region increased in 2017 as new onshore developments and the only offshore producing platform ramped up production. But challenges in Russia’s arctic remain. Last year, production from onshore fields in Yamal-Nenets autonomous region in northern Russia contributed the most to the rise in oil production in the Arctic. Output from [...]

February 17th, 2018|

Romania’s Oil Terminal signs $8.6mn service deal with Oscar Downstream

Romanian oil and gas company Oil Terminal has signed a service deal with Bucharest-based independent oil firm Oscar Downstream, reports See News. Under the $8.6-million contract, Oil Terminal will provide fuel discharging and loading services to Oscar Downstream. Oscar Downstream is the biggest independent oil company and fuel distributor in Romania, offering wholesale diesel distribution, [...]

January 22nd, 2018|

Oil transit via Baku-Tbilisi-Ceyhan will exceed 31m t in 2021

The Government of Azerbaijan predicts a 1.6% increase in oil transit via BTC in 2021 in comparison to 2017. According to the forecasts, a total of 30.5m t of oil will be pumped over the main in 2018, with the amount to reach 32.2 mtpa in 2019 and 2020. As reported earlier, the BTC transit [...]

November 2nd, 2017|

Gazprom neft has exported almost 2 m barrels of oil to the USA

Gazprom neft Badra is the operating company at Badra production site (Iraq). The company has carried out one of the largest shipments throughout its entire history. Oil export was directed to the USA. The shipment volume totalled 1 780 000 barrels. The cargo was exported by New Solution tanker. It is noteworthy that the company [...]

September 27th, 2017|

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