Russia's Transneft Sees Lower Oil Exports in 2014


MOSCOW, Jan 13 (Reuters) – Russia's oil pipeline monopoly Transneft expects to reduce its crude oil exports to 225 million tonnes in 2014 from 228 million tonnes in 2013, the company's CEO Nikolai Tokarev said on Monday.

Transneft expects Russian oil producers to increase crude supplies to its pipeline system by 4 million tonnes to 485 million tonnes in 2014.

Tokarev also said that Transneft expects to export an additional 15 million tonnes of oil products a year via the Black Sea port of Novorossiysk by 2020, because of new pipelines.

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Bolt Service Technician
Expertise: Mechanical Technician
Location: La Porte, TX
Operations Coordinator
Expertise: Logistics Management|Operations Management
Location: Sugar Land, TX
Director of Contracting
Expertise: Contracts Engineer|Refinery Specialist
Location: Salt Lake City, UT
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours