Polish Gdansk port H1 crude arrivals hit record high on Druzhba outage

11/07/2019 09:02 Oil Market

news

According to Platts, Poland's oil pipeline operator PERN said crude deliveries to Gdansk's Naftoport increased almost 30% year on year in the 1st half of this year to 8.3 million mt, a record high, as a result of the suspension of Russian pipeline deliveries.

In May, during the 46-day suspension of crude deliveries via the Druzhba pipeline, Naftoport unloaded 2.2 million mt of crude oil, more than twice the monthly average.

 

"Our refineries have increasingly diversifying their portfolio of crude oil supply sources in recent years. We found out how much we needed that in recent months when we had to test the possibilities of the Polish transmission system and Naftoport's potential in an urgent manner. The test was successful because customers at filling stations did not experience any problems with fuel supplies in the country. We are on the right track when it comes to building oil and fuel energy independence", said PERN CEO Igor Wasilewski.

 

PERN suspended taking delivery of contaminated Russian crude through the Druzhba pipeline on April 24, because of the increased amount of organic chlorides in the crude oil, which could damage refining facilities. Reduced deliveries resumed on June 9 after 46 days.

Source: neftegaz.ru

Daily (11.07.2019): Oil prices soared by nearly 4.5% on Wednesday, ahead of the Gulf of Mexico storm and lower crude inventories

11/07/2019 11:23:00

Oil prices soared on Wednesday, adding more than $2, after a greater than expected draw in U.S. crude oil inventories. The evacuation of several oil platforms in the Gulf of Mexico in advance of a tropic storm also supported prices. As a result, Brent crude hiked by 4.5% to $60.43 a barrel, while WTI futures closed 4.4% up at $67.01 a barrel.

<READ MORE

Polish Gdansk port H1 crude arrivals hit record high on Druzhba outage

11/07/2019 09:02:00

According to Platts, Poland's oil pipeline operator PERN said crude deliveries to Gdansk's Naftoport increased almost 30% year on year in the 1st half of this year to 8.3 million mt, a record high, as a result of the suspension of Russian pipeline deliveries.

READ MORE

GE to equip 138-MW wind park in Turkey

11/07/2019 08:59:00

The renewable energy arm of General Electric Co has won a turbine supply contract for the 138-MW Saros wind project in Turkey.

READ MORE