Rosneft’s exports increased to the level of 2020
18.04.2023 - 13:40
In March, russian oil exports rose to the highest level since April 2020.
Despite Western sanctions, the volume of oil exports from russian federation reached the highest level since April 2020. This is stated in the April report of the International Energy Agency.
The growth of russian oil exports was due to a sharp increase in product flows, which returned to pre-war levels.
Rosneft’s total supplies increased by 600,000 barrels/day to 8.1 million barrels/day.
The export of russian oil products increased to 3.1 million barrels/day. Russia’s revenues from oil exports increased by $1 billion in April to $12.7 billion. However, these revenues are 43% less than those that Russia received before the start of the full-scale war in Ukraine.
Earlier, USM reported that the Indian company Gatik Ship Management, which was transporting russian oil, had lost its P&I insurance. Since the beginning of the full-scale russian invasion of Ukraine, the company has been the main carrier of Rosneft. Over the past year, Gatik has assembled a fleet of 40 tankers to transport oil from russian federation
