Russia Increases Marine Diesel Exports by 11% July 1-17 m/m–Refinitiv, Traders

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This material was produced in Russia, where it is prohibited by law to cover the special military operation of the Russian Federation in Ukraine

MOSCOW, July 18 (Reuters) – Russia boosted diesel exports from its seaports by 11% between July 1 and July 17 to around 1.89 million tons as most seasonal refinery repairs were completed, data from traders and Refinitiv showed.

Since the beginning of the embargo on imports of Russian petroleum products to EU countries in February 2023, Turkey and Brazil have remained the main export destinations for diesel and diesel fuel from Russian ports, to which approximately 631,000 and tons and 300 thousand. tons of fuel.

Senegal and Morocco lead African countries this month in terms of Russian diesel shipments (75,000 tonnes and 66,000 tonnes respectively), while Togo and Ghana have so far shipped one tanker of the product.

Shipments of diesel fuel from ports in the Russian Federation to the port of Fujairah, the main commercial center of the United Arab Emirates (UAE), since the beginning of July amounted to about 150 thousand. tons, more or less the same as in the corresponding period of the previous month.

About 250,000 tons of diesel fuel were shipped from Russian ports from July 1-17 towards ship-to-ship (STS) road transshipment near the Greek port of Kalamata and Malta. The final destination of these volumes is not yet known, but most of the cargo usually goes to Turkey and the Middle East.

According to Refinitiv data, not a single batch of diesel from the Russian Federation has been delivered to the ports of Saudi Arabia since the beginning of this month, while almost 1.7 million tons of the product were sent in this direction from February to June.

All figures provided have been calculated by Reuters by shipments, with around 250,000 tonnes of July diesel volumes yet to have their final destination.

According to Reuters’ calculations, in July the withdrawn pre-processing capacity at Russian refineries may fall by 2.346 million tons (-58.2%) compared to June to 1.683 million tons.

Russia also announced plans to cut oil exports by 500,000 barrels a day in August, potentially leading to a further increase in oil refining and production of petroleum products.