In January-March 2020, Transit of Turkmen Oil through Russia Increases by More Than 3 folds

In January-March 2020, Transit of Turkmen Oil through Russia Increases by More Than 3 folds

Transit of oil from Turkmenistan through the territory of Russia amounted to 589.9 thousand tons (increase of 3.1 folds) in the first quarter of 2020, the news agency RNS reports citing to the Central Dispatching Department of Fuel Energy Complex

Oil transit from Kazakhstan through Russia decreased in the same period by 10.9 percent to 3,597 million tons, and the transit of oil from Azerbaijan amounted to 29.5 thousand tons (decrease of 88.2 percent).

According to the agency, Russian oil exports to neighboring countries declined in January-March by 77 percent to 1.037 million tons. At the same time, the export of Russian oil to non-CIS countries in the first quarter of 2020 amounted to 62.98 million tons, which is 3 percent higher, compared to the same period of 2019.

At present, the situation on the world oil market is quite comprehensive, as Russian Energy Minister Alexander Novak said in an interview with Ekho Moskvy (Echo of Moscow) radio.

“I would not pose the question so radically that there is a market re-dividing. There is a situation related to the fact that every country and every mining company is trying to withstand in this situation during such a global crisis,” the minister said in an interview in response to the question whether there is a re-dividing of the global energy market.

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