rosneft seaborne loadings to fall

摘要

Rosneft is likely to cut Urals and CPC Blend loadings significantly over the next six months,as bids in its most recent six-month tender were lower than in the previous one. The company sold 4.2mn-5.4mn t or Urals from Primorsk for October-March, compared with 4-7.5mn t in April-September(see table).Loadings from Ust-Luga are also likely to drop to 600,000-3.6mn t,compared with 3mn-6mn t in the second and third quarters (FSUE,6 March,p11).Novorossiysk sales are 2.76mn-5.82mn t.The biggest buyer of Rosneft’s seaborne cargoes remains Shell.Totsa will cut Rosneft Urals liftings significantly,taking just one cargo a month from Primorsk or Ust-Luga,market sources say.Italy’s Eni will take two to three from Primorsk,com-pared with nothing in April-September. The company will also take most of Rosneft’s Ust-Luga cargoes.