Russian Crude Supply to the Baltic

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Russian Crude Supply to the Baltic North Russia

• John Gawthrop
• Editor
• Argus FSU Energy
• Argus Nefte Transport

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Primorsk
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RESERVES
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Global reserves (bn barrels)
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PRODUCTION
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Global production (mn b/d)
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Russia vs. Saudi Arabia (mn b/d)
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Baku
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Russian crude production (mn b/d)
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Russian firms output (000 b/d)
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RUSSIAN POLITICS
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Mikhail Khodorkovsky
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FOREIGN INVESTMENT
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EXPORTS
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WELLHEAD TO TERMINAL
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Baltic ports
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PRIMORSK
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Port throughputs (000 b/d)
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Baltic exports 1998-2004 (000 t)
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Export costs (/t)
Primorsk Butinge Port charges
1.94 4.70 Customs fee 0.35 0.36 Export duty
87.90 87.90 Transport/CIS Baltics
4.35 Nizhnevartovsk (W. Siberia) Tariff
through Russia 16.84 13.23 Total export costs
107.03 110.56 Samara (Volga-Urals) Tariff
through Russia 4.93 Total export costs
102.34 Usinsk (Timan-Pechora) Tariff
through Russia 15.05 10.74 Total export costs
105.24 108.05
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RAIL SHIPMENTS
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THE MARKET

• ExxonMobil, BP, Total
• Dow, Preem, Cepsa, Repsol-YPF
• Petrogal, Koch, Sinochem
• Glencore, Taurus, Gunvor

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Primorsk crude sales

• TNK-BP fob to TotalFinaElf, Shell and Vitol
• Surgutneftegaz Primorsk to Europetroleum. Term
  deal with Statoil
• Lukoil (through Litasco) to Fortum,
  Europetroleum, ExxonMobil and Gunvor
• Yukos (through Petroval) to Total, Shell and
  ExxonMobil
• Sibneft term sales to BP, Shell and others

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Urals discount to Brent (/bl)
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THE NORTHERN DIMENSION
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Murmansk route
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Murmansk parameters

• 1.2mn-1.6mn b/d (60mn-80mn t/yr)
• Potential for a further increase to 2.4mn b/d
• 3,600km overland line from west Siberia
  (4.54bn). Tariff 3.30/bl
• 2,500km through Usa and under White Sea
  (3.4bn). Tariff 2.70/bl

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Indiga route