2024-07-28 00:12:00
Russia’s largest private oil company, Lukoil, has increased oil exports through the country’s seaports, as its supplies through the Druzhba pipeline to Europe are currently suspended. This was reported by Reuters, citing three sources familiar with the market.
Slovakia and Hungary said last week they had stopped receiving oil from Lukoil, a key supplier, after Ukraine imposed a ban on transit by the Russian energy company through its territory.
Lukoil will add another 0.34 million metric tons of Russian Urals oil exports by sea to its July loading schedule – one cargo of 140,000 tons from Novorossiysk on July 28-29 and two cargoes of 100,000 tons each from Primorsk on July 27-28 and 28-29, the sources added.
The oil company has already added 0.34 million tonnes to its seaport exports on top of the original July plan.
Rosneft and Gazpromneft also added 200,000 tonnes and 100,000 tonnes of oil respectively to their July loading plans for Russia’s Baltic ports, the sources said.
As a result, Russia’s July oil loading from the country’s western ports was revised up by about 0.23 million bpd from the original schedule, to about 1.79 million bpd, Reuters estimates based on the data showed.
“Lukoil” did not respond to a request for comment, writes BTA.
Earlier today, Hungarian Prime Minister Viktor Orbán’s advisor Gergey Guyas accused Ukraine of blackmailing his country and Slovakia by stopping oil supplies from Lukoil.
In response, Volodymyr Zelenskyi’s advisor Mykhailo Podolyak explained that Ukraine’s decision to stop the transit of oil from the Russian concern Lukoil to Hungary and Slovakia is in line with Kiev’s sanctions against the company and has nothing to do with blackmail.