Russia Expands Halts to Oil Export Capacity in the Black Sea | OilPrice.com
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Breaking News:
Russia has ordered a 90-day halt to one of several berths at the port of Novorossiysk, its key Black Sea oil export route, a day after it ordered the temporary shutdown of two of three moorings at the key export terminal for Kazakhstan’s oil.
Transneft, the Russian pipeline monopoly, announced on Wednesday that the ongoing safety checks from Russia’s transportation authority resulted in an order for a 90-day halt to oil loading at berth 8 at the Novorossiysk Commercial Sea Port (NCSP).
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Russia’s Federal Agency for Transport Supervision has launched snap inspections at Russian oil ports, which were prompted by the oil spill in the Kerch Strait in December 2024.
“A temporary ban on operations has been imposed on oil loading berth 8. NCSP has been ordered to eliminate all identified violations by June 30, 2025,” Transneft said on Wednesday in a statement carried by Reuters.
The berth is not used regularly or too much, so analysts don’t expect major disruptions to Russian oil and petroleum product exports from this particular order.
None of the 23 oil tankers that loaded Russian crude in March at Novorossiysk used berth 8, according to tanker tracking compiled by Bloomberg. Berth 8 is typically used for the loading of petroleum products, and the facility isn’t used often, the data suggests.
Since February, no vessels have moored at berth 8 for loading, per Bloomberg’s tanker-tracking data. This suggests that any impact on Russian fuel exports would be minimal.
However, the impact from Monday’s order for the suspension of two of three moorings of the main oil export terminal on the Black Sea handling Kazakhstan’s oil exports is expected to be very high.
Russia ordered on Monday that the SPM-1 and SPM-2 moorings of the terminal of the Caspian Pipeline Consortium (CPC) be shut immediately. The port handles most of Kazakhstan’s crude exports from giant oilfields in Kazakhstan operated by international oil firms, including U.S. supermajor Chevron. Affiliates of Chevron and ExxonMobil are also minority shareholders in CPC, whose biggest shareholder is the Russian Federation with a 24% stake.
By Tsvetana Paraskova for Oilprice.com
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