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OilMARKET 01 / 2004
TOPIC OF THE ISSUE
VYACHESLAV RUKSHA:
Russia to expand its crude and oil products exports via marine terminals
In recent years the Russia's Ministry of transportation has been applying considerable efforts in the support of the oil industry. The main task has been shaped definitely: the transport system must not be a deterrent for the oil industry development.
EXPORTS
Pipelines-2003Pipelines-2003
Speaking frankly and in plain terms, Russia lacks pipeline capacities. In September 2003 Transneft estimated this shortage at about 40 mn t a year. Approximately at the same time Mikhail Kasyanov stated that in 2004 the export by the rail will grow to 75-80 mn t. His figures are conflicting with those of Vainshtok that is, if exports by the rail do grow at the said rate, the shortage of 40 mn t throughput capacity will be eliminated this year.
REFINING
RussiaRussia's refining: outlook for export market evolution
During the year 2003 the situation in Russia's upstream sector remained in the spotlight of both domestic and international press and analysts. With Russia's crude output growing in 2003 at impressive pace of 11% y.o.y. The situation in Russia's refining sector and its export potential future remained pretty much on the sidelines of what is ahead for Russia's petroleum industry analyses. The OilMarket tries to highlight the key factors defining the future of Russia's crude and oil products exports.
REFINING
Under the Sunflower signUnder the Sunflower sign
Operation of Nizhnekamsk refinery has received an international recognition in December 2003, when the refinery was named by the World Refining Association (WRA) as the most dynamically evolving refinery in Russia and CIS countries in the categories of high technologies and growth rate, industrial design and production standards.
TRANSPORTATION
The calling rhythm of railwaysThe calling rhythm of railways
Russia's pipeline infrastructure continues to evolve. In August 2003, pipeline monopoly Transneft president Semyon Vainshtok and vice-premier for fuel and energy Victor Khristenko seemed even being able to convince Russian President that export capacity of Russia's pipeline systems exceeded not only export needs, but also the very volume of crude output in the country. All this sounds pretty much like propaganda. Leaving aside the fact, that such statements remind the tone of ridiculed soviet era slogans like to catch up and go beyond [America], it's worth remembering that many companies have no access to excessive pipeline capacity and they had to take advantage of the less convenient although, probably, more romantic (since it's somewhat old fashioned and less pragmatic) way of crude transportation, by the rail.
TRANSPORTATION
Stroitransgaz  Kazakhstan connectionStroitransgaz Kazakhstan connection
For some time now, Russia has been discussing the necessity of building a crude pipeline route to China. Meanwhile, Stroitransgaz, the flagship of Russia's petroleum construction, successfully carried through implementation of the Kenkiak-Atyrau pipeline, the base development of the Western Kazakhstan China trans-continental pipeline. OilMarket met Sergey Vinnichenko, Vice-President of Stroitransgaz, to discuss this project and other issues.
INDEPENDENTS
Many a little makes a mickleMany a little makes a mickle
For 11 years since its creation in 1992, oil producer company RITEK has travelled a long path from the minor oil company with annual production volume of 40,000 t (800 b/d) to become one of the largest independent oil producers in Russia with annual output of about 3 mn t (60,000 b/d). Regardless of being a 'minor major', RITEK has a firsthand experience of the issues common to all Russian independent oil producers lack of access to refining facilities and pipeline systems. Just as other independent companies, RITEK suffers from recently implemented tax on natural resources production (NDPI), which is tagged to the price of exported crude. The more interesting is the experience of Valery Graifer's company on improvement of economic indicators achieved by developing new export directions.
SAFETY
Unfortunate New Year fireworkUnfortunate New Year firework
An Italian coast guard unit patrols the area, where a tug boat sprays water on the Bahamas-flagged oil tanker "Panama Serena" ablaze in the Sardinian port-town of Porto Torres. The ship caught fire while it was unloading its cargo of benzene. Two crew members, a Ukrainian and a Latvian, are reported missing.
POLITICS
More jail time for KhodorkovskyMore jail time for Khodorkovsky
The court has prolonged imprisonment of the former Yukos CEO M. Khodorkovsky until March 25, 2004.
EXPLORATION AND PRODUCTION
Managing KovyktaManaging Kovykta
Eastern Siberian gas company to be formed by March 2004
EXPLORATION AND PRODUCTION
Stir up, comrades...Stir up, comrades...
Ministry of natural resources offers subsoil users to eliminate inconsistencies in licensing agreements. The companies pledge to abide, but
EXPLORATION AND PRODUCTION
Eastern expressEastern express
Gazprom, Rosneft and Surgutneftegaz create a consortium to speed up development of oil and gas fields in Eastern Siberia and Sakha (Yakutia).
COMPANIES
Kazmunaygaz  the deep blueKazmunaygaz the deep blue
The Board of Kazmunaigaz approved the merger of its subsidiaries Embamunaigaz and Uzenmunaigaz, informed Uzakbai Karabalin, CEO of Kazmunaigaz, during the meeting with Embamunaigaz personnel in Atyrau on 26 January 2004. According to the management of the company, the merger will facilitate further economic growth, funnelling additional resources to Caspian projects.
TRANSIT
VENTSPILS: steady in the stormy seasVENTSPILS: steady in the stormy seas
Exporters who have used Ventspils terminal know of the value of loadings there as most storm uninterrupted in the Baltic region. However, the stormy weather does not recede in the conditions of operation of the terminal.
TRANSIT
Railway warRailway war
Ukrainian railroaders followed Russian colleagues in attempt to have oilmen by the short hairs
For Russian and Kazakh oil exporters, the joy of celebrated over the post-USSR lands Old New Year [New Year by Julian calendar, used in Russia up to 1918; corresponds to 13-14 January by modern Gregorian calendar OM] was overshadowed by a telegram wired from the depths of Ukrainian railways operator Ukrzaliznytsya. M. Mostovy, Deputy General Director of Ukrzaliznytsya, informed the shippers and buyers that as of 12 January 2004, there will be a 15% boost of shipment tariffs on all export-bound cargoes (excluding oil products) entering Ukraine from Russian territory or leaving for Russia.
01 / 2019