Transneft expects Russian oil pipeline exports to fall 17% in June vs May – Ifax
Russia’s Transneft expects oil pipeline exports to fall in June by 17% month on month to 13.7 million tonnes, the Interfax news agency reported on Monday.
The Russian pipeline monopoly also said oil exports through its system in May were down 12% year on year to 16.5 million tonne, the agency reported.
Transneft said Russian oil exports to China via a spur of the ESPO pipeline and Kazakhstan could rise in June by 27% month on month, while total Russian pipeline oil supplies were seen down to 32.55 million tonnes in June this year from 38.05 million tonnes in June 2019.
Source: Reuters (Reporting by Vladimir Soldatkin; Editing by Edmund Blair)