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Russian oil pumped via Transneft pipelines falls in May

Gasoil News - Published on Wed, 15 May 2019

Image Source: Oil-Markets
Economic Times quoted two sources familiar with the data as saying that about 6% less oil was pumped through the pipeline network of Russia's Transneft from May 1 to May 12 compared with April's average. They said oil intake in Transneft's nationwide network, which handles about 85% of Russia's total crude output, was about 8.8 million barrels per day in the 12 day period, citing data that included oil used at home and export volumes. The sources did not say whether the drop was due to an oil contamination issue last month that disrupted flows through the Druzhba pipeline which supplies oil to refineries in East European and as far west as Germany.

At least 5 million tonnes of oil, or about 36.7 million barrels, was tainted with organic chloride, a compound used to boost oil extraction but which needs to removed before being pumped to refineries to avoid damaging processing equipment.

Transneft has proposed mixing contaminated oil with the clean crude at the Russian Black sea port of Novorossiisk, which was not initially affected by the issue, so that it can be sold, after some international traders refused to take tainted oil.

Industry sources said that separately on Monday that levels of the organic chloride in oil loading from Novorossiisk have started to rise since early May but remained inline with allowed maximum norm of 10 parts per million (ppm).

Russian officials and Transneft had promised to fix the contamination issue by May 6, but the date has been pushed back.

The sources said that total Russian oil production has also slipped, declining to 11.16 million bpd from May 1 to May 12 from an average of 11.23 million bpd in April.

Source :

Posted By : Rabi Wangkhem on Wed, 15 May 2019
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