the special Representative of the President Sergey Ivanov
on Wednesday, the special representative of the President Sergey Ivanov will discuss with the reorientation of oil exports of oil products from the Baltic States to Russian ports. Belarusian companies may also be forced to reroute the participants of the meeting
“do Not feed” other ports
Former head of the presidential administration, the President’s special representative for environmental activities, environment and transport Sergei Ivanov, who in mid-August, took office, plans on Wednesday, September 28, to hold meeting with participation of top managers of oil companies, Transneft and Russian Railways about the prospects for the redirection of export of oil products from the Baltic ports to Russian ports. About RBC told three source close to the companies invited to attend the meeting.
a Source close to Ivanov confirmed RBC that the meeting is in its schedule, but declined to comment on the agenda and list of participants. The meeting also reported “Interfax” with reference to its sources.
the President of “Transneft” Nikolai Tokarev at a meeting with President Vladimir Putin on 12 September reported that Russia by 2018 will be able to transfer petroleum products exports through the Baltic ports (Ventspils and Riga) to the Russian ports of Ust-Luga, Primorsk and Novorossiysk. According to him, in 2015, through the Baltic States, Russian companies exported 9 million tonnes, and in 2016 this amount will be reduced almost twice — up to 5 million tonnes.
According to one of interlocutors of RBC, at a meeting with Ivanov is planned to develop measures to enhance the attractiveness of the transshipment of oil products via Russian ports to provide more favorable Economics for oil companies. In particular, it is planned to develop a system of decreasing coefficients to the tariffs of Russian Railways for the transportation of Russian and transit cargoes which go to Ust-Luga, Primorsk and Novorossiysk instead, the Baltic States, according to the materials of “Transneft”, prepared for the meeting (RBC has a copy).
Transneft also plans to offer to transport residual loads on the tube plus rail for export, including to the Baltic States, giving priority to those goods which go through Russian ports, says one of the interlocutors. In addition, the materials for the meeting contains a proposal on application of raising factors in the transportation on the Railways of goods towards the Baltic ports. Pipeline monopoly proposes to expand the oil product pipeline “North” from 15 million to 30 million tons per year by 2018 to load the terminal in Vysotsk and Primorsk to their design capacities.
the source of RBC in two Russian oil companies support the initiative to redirect cargo to Russian ports. According to the interlocutor of RBC, close to “Rosneft”, the company “is not going to feed the ports of countries that supported European sanctions against Russia, and is ready to gradually redirect their cargo to Russian ports by 2018″. He claims that this year the company offered to acquire a stake in one of the Baltic ports “almost for nothing” under the condition to send their goods, but Rosneft refused.
the Translation of the entire volume of oil products export to Russian ports of the Baltic sea can provide them the download additionally of 9 million tonnes per year. While three of the terminal in the Leningrad region and St. Petersburg (Ust-Luga, Vysotsk, St. Petersburg oil terminal) you can send up to an additional 20 million tons of oil cargo per year, indicates a source close to another participant of the meeting.
If Russia will transfer 4 million tons of oil products from the Baltic States to the ports in 2016, then annual benefits will be approximately $ 16 million, said the chief editor of information-analytical Agency Portnews Vitaly Chernov. By 2018, when through Russian ports should be exported 9 million tons, the additional revenue will be $ 33 million, adds the General Director of “INFOLine-Analytics” Mikhail Burmistrov.
At the moment transit of Russian cargoes in Baltic ports is around 49 million tonnes per year, stated in the explanatory note to the meeting (RBC has a copy): the petroleum products are also exported coal, potash and nitrogen fertilizers and other goods. “As a result of Russian terminals loses about $ 1.3 billion in revenue annually. When this occurs, the subsidization of the economy of the Baltic States, leading towards Russia unfriendly policy”, — stated in the document.
But Russia continues to reduce exports through the Baltic States. In the first half of 2016 through its ports was handled 20,95 million tons of Russian cargo, which is 7.69% less than the year before, says Chernov.
Russian roots
Several Russian companies can lose profit in case of reorientation of exports from the Baltic States to Russian ports. This concerns not only oil but also other goods. Now URALCHEM owns a controlling terminal for transshipment of mineral fertilizers Riga Fertilizer Terminal in Riga port. EuroChem owns the terminal “EuroChem sillamäe in Estonia, “Akron” and “KRU” is also owned by the Estonian terminals. The volume of transshipment of mineral fertilizers only through the ports of Baltic States, according to PortNews, for the first six months of 2016 increased 3.1% to 3.7 million tonnes.
Representatives of EuroChem and URALCHEM to the meeting with Ivanov did not call, it only applies to oil companies, told RBC sources in the two companies officially their representatives do not comment on this).
Incentive for Belarus
At the meeting, Ivanov also can be raised the question of increasing exports of Belarusian goods through Russian ports, told RBC two sources close to the meeting. This is also stated in the materials of “Transneft”. The monopoly proposes to consolidate the intergovernmental agreement governing the duty-free supplies of Russian oil for processing at Belarusian oil refineries, the obligations of Belarus in the export of certain volumes of oil products via Russian ports.
Today, more than 90% export of oil products from Belarus goes in the direction of the Baltic and black sea ports of Ukraine, said a source close to one of the participants of the meeting. In 2015, Belarus transported through the Baltic States, 8.5 million tonnes of petroleum products for the first eight months of 2016 — more of 5.67 million tonnes). The volumes of the largest Lithuanian oil terminal Klaipedos Nafta to 2015 increased by 18.5 percent, to 6.42 million tonnes Klaipedos Nafta announced plans to invest around €10 million in expanding capacity of terminal in Klaipeda specifically for Belarusian goods.
in Addition, Belarus is shipping for the export of potash and nitrogen fertilizers via Lithuania.
Russia in 2016 promised to increase oil supplies to Belarus by 4.3%, from 23 million to 24 million tons in mid-June, the energy Ministry announced a reduction in the supply of almost 40% in the third quarter and a further decline in the fourth quarter. This occurred against the background of the dispute about the price of Russian gas. According to Belstat, Belarus for seven months of 2016 imported 12.7 million tons of Russian oil.
a Source close to the Belarusian side, said RBC that supply petroleum products via Russian ports to the West logistics is more expensive, as this lengthens the path. He said that this reorientation is possible provided benefits — discounts from the Railways and guaranteed access to pipeline capacity. He also believes that the change of an intergovernmental agreement involving the reorientation of Belarusian goods from the Baltic States to Russian ports, contrary to the concept of the common economic space agreements in the framework of the Union state of Russia and Belarus.
Deputy Minister of energy of Belarus Irina Titovich told RBC that the Agency was not invited to the meeting to Ivanov, and redirected the questions in the “Belneftehim”. The representative of “Belneftekhim” said that the meeting Ivanov in the company also do not know anything. President of Belarus Alexander Lukashenko in 2012 announced its intention to redirect cargoes from the Baltic terminals in the ports of Leningrad region and Kaliningrad, but so far this has not happened.
Earlier, Prime Minister of Latvia Maris Kuchinskis has called the decision of Transneft to stop shipping oil products through Ventspils and Riga “challenge for the economy of Latvia”. According to him, the country will improve the quality of service of their carriers to attract other cargoes from China, Belarus and Kazakhstan.
Representatives of Rosneft, LUKOIL and Russian Railways declined to comment. The representative “Transneft” did not respond to a request RBC.
With the participation of Natalia Derbysheva
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