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Free AccessRussian Urals Shipped to Star Refinery Doubled in October
Russian Urals flows to Socar’s 200kbpd Star refinery in Turkey rose to 400k tons in October, up from 200k tons in September and from 280kbpd in August, after a financing deal with Lukoil, ship-tracking data cited by Bloomberg showed.
- Under the deal, Lukoil will lend Socar $1.5bn to allow the Star refinery to process Russian crude again, Reuters said in October. Supplies are expected at around 100kbpd, equivalent to around 4 cargoes per month.
- All September, October cargoes were loaded by Lukoil from the port of Primorsk. From January-August, all cargoes were loaded from Tatneft and KazTransOil.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.