Russia's Seaborne Diesel Exports on the Rise

Tuesday, September 5, 2023

Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.

Idle primary oil refining capacity for August was estimated at 3.1 million metric tons versus 2.458 million metric tons in July, Refinitiv Eikon data and Reuters calculations showed.

After the full EU embargo on Russian oil products took effect on Feb. 5, Turkey remains the main destination for Russian diesel and gasoil seaborne exports, reaching about 1.56 million metric tons in August, or about 40% of total month supplies, LSEG data shows.

Diesel loadings to Brazil from Russian ports, mainly from the Baltic port of Primorsk, could decline in August to nearly 550,000 metric tons after 650,000 metric tons in July, according to the shipping data.

Last month, about 880,000 metric tons of Russian diesel were heading to African countries, mainly to Togo, Tunisia, Ghana, Morocco and Libya.

Another 360,000 metric tons of diesel from Russia in August was destined for ship-to-ship transfers near the Greek port of Kalamata and Malta, LSEG data shows.

The final destinations for these cargoes are not yet known, and traders said they expected them to be in Turkey or the Middle East countries.

All the shipping data above are based on the date of cargo departure. About 220,000 metric tons of diesel loaded in Russian ports in August does not yet have a confirmed destination.


(Reuters - Reporting by Reuters, Editing by Louise Heavens)

Categories: Tankers Russia Oil Cargo Liquid Bulk

Related Stories

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Japan’s JERA Agrees Long-Term LNG Supply from Middle East

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

MODEC, Eld Energy Partnership Targets Low-Carbon FPSO Power

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Samos Energy Buys Suksan Salamander FSO from Altera Infrastructure

Philippines Makes First Offshore Gas Discovery in Over a Decade

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Following Big Loss in 2025, Oil Steadies

Current News

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Malaysia Oil and Gas Projects Advance with Petronas' PSC and Farm-Out Deals

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

EnQuest Secures Extension for Vietnam's Offshore Block

Japan's Mitsui in Advanced Talks for Stake in Qatar’s North Field LNG Project

Japan’s JERA Agrees Long-Term LNG Supply from Middle East

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com