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. Last Updated: 07/27/2016

Crude Oil, Nickel Exports Surge in H1

Oil, Gas Exports

Jan.-June 2002*Jan.-June 2001*
Crude Oil88,817,20071,272,200
Oil Products34,726,80032,897,800
Fuel Oil16,092,00015,820,000
Gas Oil13,923,50012,384,600
Motor Gasoline1,858,4001,853,600
Natural Gas 96.10083.600
* All figures are in tons except natural gas, which is in billion cubic meters.
** The data includes trade with Belarus in 2002 figures and does not in 2001 figures.
Source: Reuters
Nickel exports more than doubled and crude exports soared 24 percent in the first half of 2002 compared to a year ago, the State Customs Committee said Monday.

Customs data showed non-CIS exports of nickel rose to 162,000 tons in the period from 80,500 tons in the first six months of 2001, while total crude exports inside and outside the Commonwealth of Independent States rose 24 percent to 88.8 million tons or 3.60 million barrels per day from 71.3 million tons in January-June 2001, despite an agreement with OPEC to hold output steady over that period.

The figures show that Moscow, heavily reliant on energy revenues, boosted crude exports via major ports and pipelines to Europe and also gave oil firms free rein to increase exports via alternative routes, such as through neighboring Ukraine and Belarus.

Industry sources and traders have said this had likely pushed up real volumes of crude exports to Europe beyond official statistics.

Russia, the world's second-largest oil exporter, officially abandoned the deal with OPEC beginning July but told the cartel's Secretary General Alvaro Silva in talks last week that it would continue to cooperate. However, Moscow made no concrete pledges.

Crude oil exports from Russia to Western and Central Europe rose in January-June by 7.7 percent to 72.1 million tons, or 2.92 million barrels per day, from 66.9 million tons or 2.71 million bpd in the same period of 2001.

In addition, deliveries to CIS countries jumped in the first six months of 2002 to 675,000 bpd from 175,000 bpd in January-June 2001.

In addition to crude oil, Russia's total petroleum product exports also rose in January-June to 34.73 million tons from 32.90 million tons in the first half of 2001.

Fuel oil exports rose to 16.09 million tons from 15.82 million tons, while gas oil exports jumped to 13.92 million tons from 12.38 million tons.

There are at least three sets of Russian oil export figures, all of which are flawed or contain contradictions, but official customs data are widely accepted as the most reliable.

Natural gas exports rose 15 percent to 96.1 billion cubic meters, 68.2 billion of which went to non-CIS countries (up 3.2 percent), while 27.9 billion (up 59.4 percent) went to CIS countries.

Aluminum and copper exports, however, were marginally lower.