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FSU Oil Trade in October 2012

Source: OPEC 11/21/2012, Location: Asia

Total crude oil exports from the former Soviet Union increased by 191 tb/d or 3% in September to average 6.5 mb/d. Crude exports through Russian pipelines increased by 44 tb/d or 1% to average 4.4 mb/d. Shipments from the Black Sea decreased by 158 tb/d or 16.3% to average 813 tb/d.

This decrease was offset by an increase in volumes through the Baltic, rising by 203 tb/d or 12% from last month. Kozmino shipments also increased, although by only 3%. Exports through the Russian and Kazakh rail networks increased by 55 tb/d and 54 tb/d respectively. Loadings of the CPC blend increased by 70 tb/d or 11% to average 688 tb/d. The FSU’s total product exports decreased by 235 tb/d or 7.3% from August to average 3 mb/d. This fall came on the back of lower exported quantities of naphtha, jet, gasoil and fuel oil, which decreased from last month’s level by 16%, 33%, 7% and 9,% respectively.

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