FSU Energy articles from September 2004

FSU Energy archives from September 2004

Yukos goes on the offensive: the firm's move to halt exports to China appears to be aimed at maximising damage to Russia's image abroad.(China National Petroleum Corp.)(YUKOS Oil Co.)
September 24, 2004... Yukos has announced plans to cut exports to China by 90,000 b/d, and redirect the crude to the domestic market. This comes on the eve of a visit to Russia by Chinese premier Wen Jiabao, in preparation for an official trip to Beijing by...

Provincial crackdown: oil firms may no longer have to kowtow to regional governors. Top Kremlin officials will hold sway instead.(Editorial)
September 24, 2004... President Vladimir Putin is sweeping away the cobwebs of federalism, abolishing elections for regional governors and ushering in an age of direct appointment by the Kremlin. Following approval of a bill before parliament, Moscow officials...

Total takes the plunge.(News)(Novatek)(Total Petroleum Inc.)
September 24, 2004... Total has paid around $1bn for a 25pc plus one share stake in independent gas producer Novatek, after a year of speculation about another high-profile investment by the French major. But the decision came as a surprise to many, given a...

Yukos obliged to declare bankruptcy, CFO says.(News)(YUKOS Oil Co.)
September 24, 2004... Yukos has halted current tax payments--which under Russian law means it could be forced to declare bankruptcy at any moment, the company's chief financial officer tells Argus. "There is an obligation to file for bankruptcy in this...

Miller signs co-operation deal with ChevronTexaco.(Gazprom)(ChevronTexaco Corp.)
September 24, 2004... Gazprom chief Alexei Miller has signed a memorandum of understanding with ChevronTexaco chief David O'Reilly to investigate oil and gas opportunities between the two firms. The deal this week focuses on liquefied natural gas (LNG) output in...

Rosneft takeover moves forward.(Gazprom)(Rosneft)(Gazprom Russian Joint Stock Co.)
September 24, 2004... The government and Gazprom are this week pushing ahead with the logistical side of the gas giant's planned takeover of Rosneft. Economy and trade minister German Gref said last week that he expected President Vladimir Putin to sign a...

Oil governors under threat?(News)
September 24, 2004... President Vladimir Putin is submitting a bill to parliament this autumn seeking to change the system of appointment for Russia's regional governors, doing away with the present system of local election. The plan may threaten some governors of...

South Korea looks to Russian and Kazakh upstream.(News)(KNOC)(Kazmunaigaz)(Rosneft)
September 24, 2004... South Korean president Roh Moo Hyun's visit to Kazakhstan and Russia this week has yielded a series of upstream accords, opening the way for South Korean firms to explore for oil on Sakhalin Island and the Kamchatka shelf, as well as in the...

BTC partners think bigger.(Azerbaijan)(Baku Tbilisi Ceyhan )
September 24, 2004... BP and its partners in the Baku-Tbilisi-Ceyhan (BTC) pipeline project may expand the route beyond its originally-planned capacity of 1mn b/d, due to rising interest from potential users outside the BP-led AIOC consortium, in particular the...

AIOC prepares for 1mn b/d future.(Azerbaijan)(Azerbaijan International Operating Co.)(Azeri, Chirag and Guneshli fields)(Brief Article)
September 24, 2004... The partners in the Azerbaijan International Operating Company (AIOC) this week sanctioned phase three development of the Azeri, Chirag and Guneshli (ACG) fields, which will eventually take output up to at least 1mn b/d. The signing took...

Lukoil plans to start exports via CPC.(News)(Caspian Pipeline Consortium)(Brief Article)
September 24, 2004... Lukoil intends to start crude exports through the Caspian Pipeline Consortium (CPC) route in November along with Rosneft, which has already signed a deal to ship 24,000 b/d from November (FSUE, 17 September, p3). "No deal [on the...

JKX upbeat on Ukraine.(News)(JKX Oil and Gas PLC)(Brief Article)
September 24, 2004... UK-listed independent JKX has given an optimistic assessment of its year-to-date performance, and predicts that output and revenues from its Ukrainian operations will grow over the second half of the year. Sales volumes were down on the...

Russia plans cut from Baltic ports in October.(News)
September 24, 2004... Russian crude exports by pipeline to Baltic ports may decline in October by 52,000 b/d to 1.2mn b/d due to reduced shipments to Lithuania's Butinge. The port has been hit by the expansion of the Primorsk terminal, and Yukos has asked for...

Yukos to maintain exports to MN.(Russia & CIS)(Mazeikiu Nafta)(YUKOS Oil Co.)(Brief Article)
September 24, 2004... Yukos plans to maintain crude shipments to Lithuania's 263,000 b/d Mazeikiu Nafta (MN) refinery, despite a decision by the firm's executive board last week to suspend all of its supply agreements with the plant, according to country sources....

Russia starts Brody-Odessa shipments.(Russia & CIS)(Brief Article)
September 24, 2004... Russia has started shipments along the Brody-Odessa pipeline to the Black Sea terminal of Pivdenne in Ukraine, an official with Ukrainian pipeline firm Ukrtransnafta says. A first crude cargo of 80,000-100,000t delivered through the line will...

Sakhalin I on track for 2005 output.(Russia & CIS)(Exxon Mobil Corp.)(Brief Article)
September 24, 2004... The ExxonMobil-led Sakhalin I group is on track to start crude output at the Chaivo field in the second half of next year. Project partners are now able to start construction of phase one facilities having received government approval for its...

Shell brings Kogas into Sakhalin II.(Russia & CIS)(Sakhalin Energy)(Brief Article)
September 24, 2004... The Shell-led Sakhalin Energy consortium has offered South Korea's state-controlled Kogas a stake in its Sakhalin II project, according to an official in the group. The proposal is a result of talks between Sakhalin Energy and Kogas on a...

Refinery processing up.(Russia & CIS)(Brief Article)
September 24, 2004... Russian refineries processed 4mn b/d (17mn t) of crude in August, up from 3.9mn b/d in July, according to the federal statistics agency. The total volume of crude processed in January-August was 3.83mn b/d, up by 1.5pc compared with the same...

Transneft raises 2005 exports.(Russia & CIS)(Brief Article)
September 24, 2004... Russian pipeline operator Transneft plans to increase crude exports to 5.2mn b/d next year, up by 8pc or 400,000 b/d on this year, a spokesman says. The increase will be made up of a hike in volumes outside the CIS, following the recent boost...

Looking ahead.(Calendar)
September 24, 2004... * KIOGE 2004. 5-8 October. Kazakhstan. ITE. Tel: +44 20 7596 5166 * Oil & Gas Transportation in the CIS & Caspian Region 6th Annual Conference. 12-13 October. Vienna, Austria. www.theenergyexchange.co.uk * Russia Gas. 18-19 October....

Clean products export duty to rise.(Russia & CIS)(Brief Article)
September 24, 2004... Moscow is to increase the export duty on clean products to $57/t, from $45.40/t at present. But the duty charged on fuel oil exports, which make up 90pc of all dirty product shipments, will not change, a government source says. The move is...

Domestic product prices rise.(Russia & CIS)(Brief Article)
September 24, 2004... Russian domestic gasoil prices rose in August-September by an average of $60/t (Rbs1,750/t), reaching $395-400/t by mid-September, according to information agency Kortes. Fuel oil prices also started rising in August, by an average of $11/t...

Belarus unable to sell fuel oil.(Russia & CIS)(Brief Article)
September 24, 2004... Belarus is cancelling tenders for fuel oil exports, as it is unable to sell shipments of the product at commercially attractive prices. Traders report that prices for fuel oil at Belarus' Mozyr and Novopolotsk refineries "significantly...

Samsung to invest in Khabarovsk plant.(Russia & CIS)(Khabarovsk Refinery)(Samsung Group)(Brief Article)
September 24, 2004... South Korean company Samsung plans to invest $500mn on modernising the 115,000 b/d Khabarovsk refinery in Russia's far east. Samsung head Woo-Tank Chung signed an agreement with Musa Bazhayev, head of the Alyans group that operates the...

Turkmenistan cuts gas output, exports.(Caspian/central Asia)(Brief Article)
September 24, 2004... Turkmenistan produced slightly less crude in the first eight months of this year than in January-August last year, due to the insufficient financing of old wells and limited foreign investment. The country plans to produce around 74bn...

Foreign investments boost equities.(Stock markets)
September 24, 2004... Russian equities rose over the week, buoyed by a revival of foreign investor confidence in Russia. South Korea's KNOC announced a selection of upstream deals with Russia's state-owned Rosneft and Kazakhstan's Kazmunaigaz (see p5). And Total...

FSU crude volumes ease.(Exports)
September 24, 2004... FSU crude exports fell slightly on the month to 5.34mn b/d in August on the back of a decline in shipments delivered by pipeline to Black Sea ports, a slide in Caspian Pipeline Consortium exports and an easing of supplies moved using Russia's...

Russia cuts exports to Ukraine.(Exports)
September 24, 2004... Russia's fourth-quarter crude pipeline exports to the CIS have been set at 865,000 b/d (10.9mn t), almost 5pc or 43,000 b/d less than in the third quarter. The fall is due to a 15pc cut in shipments to Ukraine's refineries, which are due to...

Prices threaten new records.(Products market)
September 24, 2004... * Product prices were all higher as futures in the US and London threatened new records and gasoil actually hit an all-time high. Solid gasoil demand in the Mediterranean was helping to back the strength. * High-sulphur fuel oil prices...

Products prices.(Products market)(Brief Article)(Illustration)
September 24, 2004... Products prices 22 Sep Baltic ports (fob) $/t Chg on 15 Sep Russian gasoil 412.54 - 414.54 +16 M-100 (straight-run) 154.83 - 156.83 +4 M-100 (cracked) ...

Freight rates.(Products market)(Brief Article)(Illustration)
September 24, 2004... Freight rates 22 Sep Rate WS ($/bl) Novorossiysk to Augusta (Italy) Clean products 30,000t 220 1.67 Fuel oil 30,000t...

Crude prices.(Crude market)(Brief Article)(Illustration)
September 24, 2004... Crude prices 22 Sep Chg on NW Europe $/bl 15 Sep diff to BFO BFO (dated) 45.98-46.04 3.72 -- Urals (cif) 40.38-40.44...

Freight rates.(Crude market)(Brief Article)(Illustration)
September 24, 2004... Freight rates (Capital Shipbrokers) 22 Sep Novorossiysk to Augusta (Italy) WS Rate ($/bl) Crude 130,000t 175 1.36 Crude 80,000t 140 1.09 Crude 60,000t ...

Prices surge on Yukos export fears.(Crude market)(Urals Foundry)(YUKOS Oil Co.)(Brief Article)
September 24, 2004... * Crude prices surged by more than $3.50/bl over the week on US storm warnings and an announcement by Yukos that it will cut deliveries of crude to China. November BFO rose to just over $45/bl. Prices also jumped after the US weekly oil...

Russian rail exports/imports, August 2004.(Russian rail data)(Illustration)
September 24, 2004... Russian rail exports/imports, August 2004 '000t % chg YTD Crude 000 b/d Jul 000 b/d Overland Afghanistan Armenia Azerbaijan Belarus ...

Russian crude netbacks.(Netbacks)(Illustration)
September 24, 2004... Russian crude netbacks 22 Sep Primorsk Butinge Novo- rossiysk Urals (cif-fit) ($/bl) 40.41 40.41 40.21...

A takeover too far? A planned takeover of Rosneft to create a new state-owned giant could leave Gazprom with indigestion.
September 17, 2004... The news that Gazprom is to take control of Rosneft looks set to dramatically change the landscape of Russia's oil and gas industry. But the union may prove difficult to pull off. Premier Mikhail Fradkov announced the merger plan on 14...

Consolidation of power: the planned merger of Gazprom and Rosneft goes hand in hand with a wider tightening of state power.(Editorial)
September 17, 2004... The news that gas giant Gazprom is to take over Rosneft has provided a convenient distraction from a number of big issues this week. The excitement generated by signals from President Vladimir Putin that the way is now open to lift the...

Russian crude to enter CPC.(News)(Caspian Pipeline Consortium )
September 17, 2004... Russian crude looks set to enter the Caspian Pipeline Consortium (CPC) line later this year, a development that could improve its chances of being expanded. State-controlled Rosneft plans to start shipping crude from Chechnya along the...

New merger may open up Gazprom shares.(News)
September 17, 2004... News that Gazprom is to take control of Rosneft has given a significant boost to the Russian stock market. Local shares in Gazprom have been barred to foreign firms since legislation put in place by former president Boris Yeltsin in 1997....

Minister reassures on Yukos.(News)(Brief Article)
September 17, 2004... Russian finance minister Alexei Kudrin's assurances that the government will not bankrupt Yukos--and that it will conduct the sell-off of assets to pay the firm's tax debts in a transparent, market-friendly fashion--did little to illuminate...

Market fears 'tanker shortage'.(News)(Brief Article)
September 17, 2004... Russian crude exporters are afraid of a re-run of last year's high freight rates for Primorsk once the ice-navigation season gets under way. Primorsk export capacity has risen to 1mn b/d from 600,000 b/d in December. But only a limited number...

Lack of tankers could delay Prirazlomnoye.(News)(transportation issues of oil field )
September 17, 2004... Development of the 83mn t (607mn bl) Prirazlomnoye oil field in the Barents Sea may be delayed because of a lack of large reinforced ice-class tankers for transporting crude, says a company involved in the project. Development of the...

Sakhalin whales cause headache for Shell.(News)(Sakhalin Energy, Shell Petroleum Company Ltd.)
September 17, 2004... Sakhalin Energy, the Shell-led group developing the Sakhalin II project in Russia's far east, is struggling to fulfil conditions from international financial organisations in order to secure funds for the second phase of the project. The...

Work starts on new tax proposal.(News)
September 17, 2004... Moscow has started work on changing the mechanism for calculating the mineral resources tax, following insistent complaints from a number of firms. A working group comprising oil company representatives, government officials and industry...

Russia schedules increase in 4Q exports.(Exports and trade)(Quarter)
September 17, 2004... Pipeline exports to non-CIS destinations have been set at 3.75mn b/d in the fourth quarter, up by 4pc or 144,000 b/d on the third-quarter plan (see pp14-15). The rise is due to a boost in shipments from the Baltic port of Primorsk and...

Chechen supplies boost Russian rail exports.(Exports and trade)
September 17, 2004... Crude exports from Russia by rail rose slightly in August to hit 845,000 b/d (3.59mn t) after a series of month-on-month declines. In August last year, rail shipments were 892,000 b/d. The month-on-month increase comes as a surprise, as...

TNK-BP gives upbeat assessment.(TNK-BP)
September 17, 2004... TNK-BP has given an upbeat assessment of its progress in a presentation this week aimed primarily at foreign analysts and fund managers. TNK-BP president Bob Dudley and other managers produced a barrage of positive numbers, drawing...

Transneft's Vainshtok to stay put.(Russia & CIS)(Brief Article)
September 17, 2004... The Russian government has extended a contract with the president of crude pipeline monopoly Transneft Semyon Vainshtok for another three years. The new contact was signed last week, on the eve of the termination of Vainshtok's previous...

Russian river exports drop in August.(Russia & CIS)
September 17, 2004... Crude exports along the Volga-Don waterway were 550,000t (130,000 b/d) in August, declining from 595,000t in July, according to Russia's transportation ministry. Exports last month almost matched those of August 2003, when shipments were...

Korean gas pipeline deal edges closer.(Russia & CIS)(Brief Article)
September 17, 2004... Russia and South Korea are expected to sign an intergovernmental gas co-operation agreement in Moscow next week during a visit by South Korean president Roh Moo Hyun. The agreement will focus on development of gas export pipelines in Russia's...

Karachaganak exports face delay.(Caspian/central Asia)(Brief Article)
September 17, 2004... The BG and Eni-led Karachaganak Petroleum Operating (KPO) group has delayed the restart of gas and condensate exports from the giant Karachaganak gas and condensate field to Russia's Orenburg gas-processing complex on the Kazakh border. One...

Georgian oil chief fired.(Caspian/central Asia)(Brief Article)
September 17, 2004... Georgian president Mikhail Saakashvili has dismissed Gia Chanturia, president of Georgian International Oil (GIOC). No reason has been given for his departure, but observers ascribe it to his links with former president Eduard Shevardnadze,...

Kazakhstan bans fuel oil exports.(Caspian/central Asia)(Brief Article)
September 17, 2004... The Kazakh government has banned fuel oil export from 14 September-1 March next year. The ban was introduced to ensure that the country has sufficient stocks to see it through winter. This is the fourth time Kazakhstan has introduced an...

Looking ahead.(Brief Article)(Calendar)
September 17, 2004... * KIOGE 2004. 5-8 October. Kazakhstan. ITE. Tel: +44 20 7596 5166 * Oil & Gas Transportation in the CIS & Caspian Region 6th Annual Conference. 12-13 October. Vienna, Austria. www.theenergyexchange.co.uk * Russia Gas. 18-19 October....

Azerbaijan doubles August oil exports.(Caspian/central Asia)(Brief Article)(Illustration)
September 17, 2004... Azerbaijan doubled its crude exports last month after maintenance was completed on the Baku-Supsa pipeline and because of increased supplies along the Baku-Novorossiysk route. Azeri crude exports '000t Exporter Aug [+ or -]...

Lukoil confirms Mazeikiai interest.(Baltics)(Brief Article)
September 17, 2004... Lukoil is interested in acquiring Yukos. 53.7pc stake in Lithuanian oil firm Mazeikiu Nafta (MN), says company president Vagit Alekperov. "In order for MN to operate normally, I think a Russian company should be a [major] shareholder in MN....

Ukraine national oil firm faces hurdle.(Baltics)(Galichina)(Brief Article)
September 17, 2004... The Ukrainian property fund has started to hand over the state's 43pc stake in Ukrtatnafta, operator of the Kremenchug refinery, and its 25pc stake in the small Galichina plant to state-controlled Naftohaz Ukrainy, as ordered by President...

Mol looks upstream.(Brief Article)
September 17, 2004... Hungarian oil and gas firm Mol is expected to re-jig its asset portfolio on the back of a steep rise in profits, giving greater emphasis to the Russian upstream. The new group strategic officer, Marc Delcommune, has announced that the...

Gazprom news boosts market.(Stock markets)(Gazprom Russian Joint Stock Co.)
September 17, 2004... Russian shares had a mixed week overall, but the benchmark RTS index was given a substantial and much-needed boost by news that Gazprom is to take over state-controlled Rosneft (see p1). The move will allow the state to take a controlling...

Lukoil plans Caspian start-up.(Lukoil)
September 17, 2004... Lukoil is drawing up plans for development of the Y Korchagina field, which is part of the firm's Severny block in the Russian sector of the Caspian. The Russian firm expects to start producing 1mn t/yr (20,000 b/d) of crude and 1bn...

Perm to export low-sulphur gasoil.(Lukoil)(Brief Article)
September 17, 2004... Lukoil intends to start its first exports of 0.001pc sulphur gasoil, company head Vagit Alekperov said this week. The shipments will begin from the firm's 240,000 b/d Perm refinery in October. The company launched a new crude processing...

Alekperov confirms ConocoPhillips interest.(Lukoil)(Brief Article)
September 17, 2004... Lukoil head Vagit Alekperov this week confirmed that ConocoPhillips wants to buy a 7.59pc state-owned stake in the Russian company. But he denied that the US firm is seeking a blocking stake in Lukoil. "I think they will be content with...

Gasoil leads prices higher.(Products market)(Brief Article)
September 17, 2004... * Product prices rose in response to stronger futures, which were guided higher by fears of hurricane-related damage on the US Gulf coast. Gasoil was also supported by increased demand in Germany and solid buying in the Mediterranean. *...

Products prices.(Products market)(Brief Article)(Illustration)
September 17, 2004... Products prices 15 Sep $/t Chg on 8 Sep Baltic ports (fob) Russian gasoil 396.66 - 398.66 +23 M-100 (straight-run) 151.13 - 153.13 +4...

Freight rates.(Products market)(Brief Article)(Illustration)
September 17, 2004... Freight rates 15 Sep Rate WS ($/bl) Novorossiysk to Augusta (Italy) Clean products 30,000t 220 1.67 Fuel oil 30,000t...

Crude prices.(Crude market)(Brief Article)(Illustration)
September 17, 2004... Crude prices 15 Sep $/bl Chg on 8 Sep diff to BFO NW Europe BFO (dated) 42.26 - 42.32 +1.65 -- Urals (cif) 37.76 - 37.82 +1.85 ...

Freight rates.(Crude market)(Brief Article)(Illustration)
September 17, 2004... Freight rates (Capital Shipbrokers) 15 Sep WS Rate ($/bl) Novorossiysk to Augusta (Italy) Crude 130,000t 140 1.09 Crude 80,000t ...

Urals recovers from lows.(Crude market)(Brief Article)
September 17, 2004... * Crude prices strengthened over the week as the progress of Hurricane Ivan in the US Gulf led to the disruption of oil production and shipping in the region. Prices were also supported by reports of another bombing of Iraq's northern crude...

Russia's crude export schedule outside the FSU, 4Q 2004.(Russian 4Q oil exports)(Former Soviet Union)(Illustration)
September 17, 2004... Russia's crude export schedule outside the FSU, 4Q 2004 000t Exporter Novorossiysk Tuapse Odessa Total exports through Russia 10,900.0 1,170.0 2,400.0 Total exports by Russia ...

Russian crude netbacks.(Netbacks)(Illustration)
September 17, 2004... Russian crude netbacks 15 Sep Primorsk Butinge Novo- rossiysk Urals (cif-fit) ($/bl) 37.79 37.79 38.19 Urals...

Threat to 'grandfathered' PSAs: as the Kremlin prepares to revoke all but the oldest PSAs, investors fear for the future.(Production Sharing Agreements)
September 10, 2004... The Kremlin is fostering plans to change major production-sharing agreements (PSAs) signed at the start of the 'nineties. Such a move could bring in more money for the state and increase government control over the projects, but it would deal...

Command and control: last week's events are a major blow to President Putin. His response has been characteristically tough.(Vladimir Putin)(Editorial)
September 10, 2004... The tragic outcome of the Beslan school siege has sent a powerful wave of shock and fear through Russia that has reverberated around the world. The high death toll and the fact that the hostage-takers targeted young children mean Beslan...

Lukoil claims Northern Territories breakthrough.(News)(Brief Article)
September 10, 2004... Lukoil says it has agreed with ConocoPhillips to start joint drilling work next year at fields in the Northern Territories contract area in the Timan-Pechora basin. Lukoil says the two companies are currently deciding on a location for...

Gazprom holds key to Sakhalin I exports.(News)(Gazprom Russian Joint Stock Co.)
September 10, 2004... The future of gas exports from the ExxonMobil-led Sakhalin I project remains in limbo, but it looks increasingly likely that Gazprom will end up handling sales. ExxonMobil is keeping "all options open to commercialise Sakhalin I gas",...

TNK-BP tries new Ventspils route.(News)
September 10, 2004... TNK-BP has started using a new route for exports to Latvia.s port of Ventspils, cutting transportation costs compared with direct rail shipments to the port. Crude is delivered by rail to Russia's Baltic port of Kaliningrad and then by...

Firms get extra oil for Pivdenne.(News)(Brief Article)
September 10, 2004... Russian exporters have received an extra 200,000t (49,000 b/d) crude export allocation this month for shipment through the Brody-Odessa route, which is soon due to start handling Russian crude exports. Ukrainian operator Uktransnafta is due...

Yukos reports output, export increases ...(News)(Brief Article)
September 10, 2004... Yukos boosted crude production and exports in the first half of this year, despite its continuing conflict with the authorities. Crude and gas condensate output was 1.7mn b/d, up by 8.7pc on the same period last year. Exports increased by...

Aktau oil berth upgrade.(News)(Kazmortransflot)(Brief Article)
September 10, 2004... Kazakh state-owned shipping company Kazmortransflot has completed a $5.8mn upgrade of two oil berths at Aktau, the country's Caspian Sea port that ships Kazakh oil to the Caucasus. Berths 4 and 5 were officially opened on 3 September, but the...

Yukos claims ministry collecting 2001 taxes.(News)
September 10, 2004... Yukos said this week that the tax ministry has bypassed the courts and started collecting a $4.1bn tax claim for 2001. The firm accuses tax officials of starting to collect $2.7bn of the total $4.1bn in back-taxes for 2001 without...

... Considers selling foreign assets.(News)(YUKOS Oil Co., Mazeikiu Nafta )
September 10, 2004... There are signs that Yukos is considering the sale of overseas assets, including its stake in Lithuanian oil firm Mazeikiu Nafta (MN). Officially, Yukos has denied reports that it wants to sell its 53.7pc stake in MN to cover its tax...

Black sea cuts hit Russian exports.(Exports and trade)
September 10, 2004... Pipeline exports of crude from Russia last month were at their lowest since January due to a cut in shipments from the Black Sea ports and falling rail supplies from Transneft loading facilities. But exports were still 7.8pc higher than in...

Ukraine cuts imports on higher prices.(Exports and trade)
September 10, 2004... Russian crude exports to the CIS last month were down by 4.8pc against July at 814,000 b/d, as Ukraine cut purchases by over a fifth. Ukrainian refiners trimmed their buying after big purchases in July, when stocks were built ahead of an...

Kazakhstan plans fuel oil export ban.(Exports and trade)(Brief Article)
September 10, 2004... Kazakhstan may introduce its annual fuel oil export ban from 1 October to allow stockpiling of supplies for winter. The ban could even be introduced by the government in the second half of September, says a source at state-owned Kazmunaigaz....