Total FSU crude exports rose by 216 tb/d m-o-m, or 3.6%, in September to 6.51 mb/d to reach their highest level since April. The increase can account for higher shipments of Russian crude owing to turnarounds at a number of refineries. Also, higher transit shipments of Kazakh Tengiz crude through Russia to Ukrainian ports helped boost the total. Planned maintenance at major refinery sites in Russia caused rerouting in refinery runs in September. Together with these reduced runs, an increase in profitability of the exports through Transneft system led to a jump of 241 tb/d, or 5.9%, to a level of 4.22 mb/d.
Russian producers increased exports to Germany. But overall Druzhba exports were only up by 73 tb/d or 6.2%. Exports of Sakhalin light sweet offshore grades Sokol and Vityaz were up by 21 tb/d, or 8.3%, to 274 tb/d. Lukoil is exporting less crude from its Varandey terminal, with exports down by 15 tb/d, representing 18.5%, to 53 tb/d, compared to the month before reflecting the rapid decline in production.
Pipeline exports of CPC Blend were down by 41 tb/d to 653 tb/d as less Kazakh and Russian crude was shipped along. Exports of BTC Blend from the Turkish port of Ceyhan were marginally down in September to 686 tb/d or 1.4%. Product exports from the FSU continued to fall in September by 2.9%, or 81 tb/d, to a level of 2.48 mb/d. This largely reflects lower product output in Russia and increased secondary processing of straight-run fuel oil and VGO to meet domestic demand for lighter products.
The output of products fell sharply in September ahead of the 1 October increase in export duty under the new 60:66 system, which boosted the rate for dirty products by $64.50/t to $271.50/t, making exports unattractive. M-o-m Gasoline exports fell by 6.9%, or 6 tb/d, to a level of 105 tb/d. Jet fuel dropped sharply by almost 16%, or 3 tb/d, to a level of 13 tb/d. Exports of VGO increased more than 16%, or 37 tb/d, to 190 tb/d. Naphtha exports fell by 26 tb/d, or 8.6%, to a level of 205 tb/d and exports of Gasoil declined almost 11%, which represents 78 tb/d, to a level of 671 tb/d.