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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 …