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Crude exports through Russia's pipeline system hit another record high February, thanks to improved weather and easing of tanker delays in the Turkish straits.
Shipments to non-CIS destinations reached 3.85mn b/d (pp16-17), surpassing the previous record of 3.72mn b/d reached in December. And they were almost 25pc above February 2003 levels. The increase was mainly accounted for Russian crude, with transit shipments declining slightly against the previous month.
Black Sea ports handled 1.24mn b/d, up by 255,000 b/d on January loadings. Novorossiysk shipped 934,000 b/d--a very high level for a winter month. Only Ukraine's Odessa, used now solely by Kazakh …