Latest news with #Novorossiisk
Reuters
23-07-2025
- Business
- Reuters
Russia's Black Sea oil loadings suspended over ship access paperwork, sources say
MOSCOW, July 23 (Reuters) - Oil loadings at Russia's Black Sea major terminals of Novorissiisk and Yuzhnaya Ozereevka have been suspended over paperwork related to new regulations for tankers' access to ports, two industry sources told Reuters on Wednesday. One of the sources said he expected the situation to be resolved in a day or two. The suspension will add to uncertainty in the Mediterranean oil markets, which are jittery following a contamination scare which led to delayed loadings of Azeri BTC crude oil from the Turkish port of Ceyhan in recent days. Caspian Pipeline Consortium, which exports oil via Russia's Yuzhnaya Ozereevka terminal, and Russia's ministry of transport declined to comment. President Vladimir Putin signed on Monday a law which said the foreign ships will require the approval of Russia's FSB security service to access the country's ports. The decree said that permission from port authorities for foreign ships to enter would need to be agreed with the FSB, which is the main successor organisation to the Soviet-era KGB. The new measures came into force immediately after the decree was published on Monday. Black Sea CPC Blend oil exports from the terminal in Russia were set at 1.66 million barrels per day for August, or about 6.5 million metric tons, almost unchanged from the July export plan. Exports and oil transit via Novorossisk are seen around 2.2 million metric tons in July, according to industry sources.
Reuters
12-05-2025
- Business
- Reuters
Black Sea CPC Blend daily oil exports set to decline in May, sources say
MOSCOW, May 12 (Reuters) - Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) system were set at 1.5 million barrels per day (or about 6 million metric tons) for May, down from some 1.6 million barrels per day in April, two industry sources said. Kazakhstan's energy ministry said on Tuesday it is committed to the OPEC+ agreement and will continue to fulfil all its obligations in order to ensure the stability of the global energy market. On a daily basis, CPC Blend oil exports in May could fall by about 6% compared to April, Reuters calculations showed. April is one day shorter than May. CPC does not comment on monthly crude shipments through its system. The CPC pipeline, which carries more than 80% of all Kazakh oil exports, connects the Tengiz field in western Kazakhstan and a number of others with the CPC marine terminal in Yuzhnaya Ozereyevka near Novorossiisk port. The shareholders of the CPC are Russia, which owns 31%, Kazakhstan (20,75%), U.S. oil major Chevron (CVX.N), opens new tab (15%), ExxonMobil subsidiary Mobil Caspian Pipeline Company (7.5%) and other companies.
