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. Last Updated: 07/27/2016

Transneft to Increase Crude Exports

Transneft will increase August exports of crude oil from major ports by more than 8 percent versus July, the export schedule showed on Wednesday.

Crude shipments will rise next month versus July at all major ports except the Black Sea ports of Tuapse and Odessa.

The schedule showed total exports from Russia, the world’s second-largest oil exporter after Saudi Arabia, via six ports were planned at 2.82 million barrels per day in August compared with 2.61 million bpd in July.

The Baltic Sea port of Primorsk would raise crude exports by 120,600 bpd to 1.56 million bpd, the schedule showed. Exports from Novorossiisk, on the Black Sea, will increase by 53,700 tons to 960,700 bpd in August.

August shipments through the Ukrainian Black Sea port of Yuzhny will rise by 54,400 bpd to 132,400 bpd, the schedule showed.