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RUSSIA DATA: April fuel oil exports rise 21% on year to 2.476 mil mt

Moscow — Russian fuel oil exports rose 21% on the year to 2.476 million mt, according to data released Friday by the Central Dispatching Unit of the Russian Energy Ministry.

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The rise in exports was down to weak domestic demand and river navigation, a major outlet for fuel oil exports, opening earlier this year following a mild winter.

Exports were down 12% on the month, partly due to April being a shorter month. Exports were also affected by lower throughput at Russian refineries which carried out planned maintenance, but also cut runs due to weaker demand for oil products in the wake of restrictions introduced to combat the coronavirus' spread.

Domestic fuel oil deliveries totaled 581,241 mt in April. This was down 50% on the year, and 39% from March. Domestic demand for fuel oil dropped as the heating season gradually came to an end, meaning demand for power generation fell. Demand was also hit after some industries closed as April was declared a non-working month.

Russian fuel oil output totaled 3.225 million mt in April, down 7.5% on the year and 14.2% on the month.

Fuel oil exports by key producers (mt)

April 2020
March 2020
Change %
Rosneft
919,095
1,278,990
-28
Lukoil
28,279
109,099
-74
Surgutneftegaz
594,963
532,024
12
Slavneft*
266,851
342,764
-22
Gazprom Neft
143,336
87,896
63
Afipsky refinery
94,100
81,100
16
Bashneft
115,140
52,825
118
TAIF-NK
96,866
65,776
47
Orsk refinery**
33,128
45,397
-27

Domestic fuel oil deliveries by key producers (mt)

April 2020
March 2020
% change
Rosneft
79,788
169,745
-53
Lukoil
112,957
156,893
-28
Surgutneftegaz
111
178
-38
Slavneft*
40,244
57,499
-30
Gazprom Neft
5,534
15,634
-65
Bashneft
71,738
146,205
-51
TAIF-NK
47,528
112,892
-58
Orsk refinery**
8,239
2,731
202

* Slavneft is 50:50 owned by Gazprom Neft and Rosneft

** Independent refineries, not part of vertically integrated companies

Source: CDU