Oil Exports from Russia Drop 5.6%

Image credit: EPA

According to figures provided by the Central Dispatching Department of the Fuel Energy Complex, Russia’s oil exports decreased by 5.6 percent year on year to 166.2 million tonnes in January-September 2021, TASS reports.

As a result of Russia’s participation in the OPEC+ pact to limit oil output, its supplies overseas have been curtailed as well. Beginning in the spring, the agreement’s signatories are progressively lifting limitations and restarting oil output. As a result, Russian oil shipments climbed by 4.1 percent to 18.6 million tonnes in September 2021.

Oil exports to non-CIS nations fell by 6% in the first nine months to 157.5 million tonnes, while supply climbed by 8.5 percent to 17.8 million tonnes in September. Since the beginning of the year, Russian oil exports to CIS nations have increased by 0.8 percent to 8.7 million tonnes. In September, this figure was at 0.804 million tonnes (-44.9 percent ).

Between January and September, oil transport dropped by 10.3 percent to 13.2 million tonnes. In September, the number dropped by 25.4% to 1.224 million tonnes.

211.97 million tonnes of oil were supplied to the domestic market between January and September 2021 (+2.3 percent year on year). In September alone, 23.5 million tonnes of oil were delivered to the domestic market (+6%).