The port of Novorossiysk resumed export transshipment of oil on March 14 after a storm – sources

MOSCOW, March 14 (Reuters) – The Black Sea port of Novorossiysk resumed oil exports on March 14 after shipments were suspended for four days due to a storm, two sources told Reuters.

According to them, on Tuesday, the loading of oil and petroleum products resumed in Novorossiysk.

“The terminal is open. The weather forecast is favourable,” one source said.

According to sources, it is still about two days behind schedule. They believe that if the weather is good, the port will be able to complete the March program by the end of the month.

The regular suspension of oil shipments in Novorossiysk caused by weather conditions in the autumn and winter, and the extended transit time through the Turkish straits significantly worsen the economics of oil exports via this port.