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Goodbye Siberian Light: the premium crude is set to disappear from Russia's pipeline system. This will free up spare capacity.
The Russian government has decided to end separate shipments of Siberian Light crude, a move it claims could provide much-needed extra export capacity.
The pipeline export commission (MVK) has ruled to end Siberian Light deliveries from 1 April. Allowing other crudes into the line currently used for Siberian Light is expected to boost overall capacity of Russia's pipeline system by up to 600,000 b/d by the year-end, and improve the quality of Urals blend.
The move had been widely mooted but the short notice surprised traders, prompting some to speculate that the 1 April target may be missed. But pipeline operator Transneft says the technical work for the …
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- Siberian Light gets a reprieve. (Exports and trade).
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Newspaper article from: FSU Energy
April 4, 2003
700+ words
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- Siberian Light export decision draws near. (Exports and trade).
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Newspaper article from: FSU Energy
January 31, 2003
700+ words
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- Pressure builds on Siberian Light.
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Newspaper article from: FSU Energy
March 2, 2001
700+ words
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- Ventspils banks on crude switch; the demise of Siberian Light would free up...
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Newspaper article from: FSU Energy
March 21, 2003
700+ words
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- Black Sea storms boost Urals in Med. Crude market).
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Newspaper article from: FSU Energy
December 13, 2002
700+ words
