Turkey stays top destination for Russian June diesel loadings

June 26, 2023 admin-dominor

* This content was produced in Russia where the law
restricts
coverage of Russian military operations in Ukraine

MOSCOW, June 26 (Reuters) – Turkey will again be the top
destination for Russian diesel exports in June, while total
shipments are set to rise after seasonal refinery maintenance,
traders said and Refinitiv Eikon data showed.

Russia’s estimated offline primary oil refining capacity for
June could total 4.029 million tonnes versus 4.95 million tonnes
in May, Refinitiv data shows.

Since the full EU embargo on Russian oil products took
effect on Feb. 5, traders have diverted diesel export supplies
from Russian ports to Africa, Asia and the Middle East instead
of Europe, which was previously the main buyer.

In June to date, Russia has sent about 0.9 million tonnes of
diesel to Turkey versus 1.0 million tonnes the previous month,
Refinitiv data shows.

About 320,000 tonnes of that are still in transit with the
port of discharge not yet confirmed.

Brazil is also among the top destinations of Russian
seaborne diesel exports, totalling about 280,000 tonnes since
the start of this month versus 450,000 tonnes in May, according
to Revinitiv data.

In June to date, about 550,000 tonnes of diesel have headed
from the Russian ports to Africa, mainly to Ghana, Morocco and
Togo.

In May, diesel loadings from Russian ports to Africa
totalled about 575,000 tonnes, Reuters calculations based on
Refinitiv data showed.

Nearly 375,000 tonnes of Russian diesel are destined in June
for ship-to-ship loadings near the Greek port of Kalamata and
also near Malta, Refinitiv data shows. The final destinations
for these cargoes are not yet known. Most of those cargoes end
up in Turkey and Middle Eastern countries, market sources said.

In May Russia sent about 410,000 tonnes of diesel to Saudi
Arabia, but so far in June there is no sign of cargoes to this
destination, Refinitiv data indicated.

All the shipping data above was by cargo departure.
(Reporting by Reuters
Editing by Barbara Lewis)

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