Reuters: Turkmen oil exports via port of Novorossiysk to resume in February

Reuters: Turkmen oil exports via port of Novorossiysk to resume in February

Exports of Turkmen oil via Russia’s Black sea port of Novorossiisk will resume in February, Reuters reports referring to sources.

It is noted, the pumping Turkmen oil through the Makhachkala-Novorossiisk pipeline could add as much as 200,000 tonnes of crude per month into Russia’s Transneft system. Turkmenistan is currently shipping oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline to the Turkish Mediterranean port.

Reuters added referring to sources that the international trading company Vitol, a partner of Rosneft, after a two-year pause, has already begun to deliver oil from the Turkmen fields Cheleken and Okarem to the Russian Caspian port of Makhachkala for pumping to Novorossiysk.

According to traders, Vitol started shipments of Turkmen Cheleken oil from Dragon Oil Company, of Okarem oil – from Eni Company.

Oil production at Cheleken field is about 2.4 million tons per year, at Okarem field – about 300 thousand tons per year.

According to sources, the shipments of Turkmen oil to Novorossiysk will be long-term.