Russia plans to cut oil exports by pipeline transit by 0.6% to 52.5m tonnes

MOSCOW: Russia plans to cut oil exports by pipeline and oil transit by 0.6 percent to 52.5 million tonnes in the third quarter, quarter-on-quarter, trade sources citing a loading schedule said.

The sources, who spoke on condition of anonymity, told Reuters oil exports and transit via the Baltic Sea port of Primorsk URL-NWE-E were seen rising to 12.4 million tonnes from 12.1 million in the second quarter.

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Those through the Ust-Luga port were seen falling to 6.6 million tonnes from 7 million.

The Black Sea port of Novorossiisk is expected to ship 7.4 million tonnes versus 7.8 million tonnes. The Pacific Port of Kozmino is expected to ship 6.4 million tonnes, almost flat from 6.5 million in the second quarter.

Exports via the spur of the East Siberia-Pacific Ocean pipeline are seen rising by 16.3 percent to 4.2 million tonnes, the trade sources said.